Nigeria’s Imports From China Rise By 183.91%   Nigeria’s import from China rose by 183.91 per cent from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022. According to the National Bureau of Statistics (NBS) data on foreign trade, China is responsible for most...

Oil Prices Drop Below $100 A Barrel Amid Lockdowns In China   Oil prices, on Monday, plunged 4 per cent amid concerns that the pandemic will cut demand in China. Brent crude futures fell 4 5 per cent to $98.16 a barrel by 19:53 GMT +1, while...

Move supposed to soften effect on Russian card holders due to Visa and MasterCard withdrawal.

FG Shops For N5.9trn To Deliver Multiple Rail Projects As China Ditters With a protracted delay from China in opening up funds for Nigeria, the federal government is turning to the British market where it expects to raise $14.4 billion (about N5.993 trillion) at least...

Currency Swap: CBN Sells 3.69bn Yuan In Three Years   The Central Bank of Nigeria has said it sold 3.69 billion yuan from the inception of the currency swap deal with China to June this year. The apex bank disclosed this in its ‘Financial markets department 2021...

Chinese Loan Rises By $330m In One Year, Now $3.59bn On 15 Projects   Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year. This is according to an analysis...