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...
Nigeria, China Trade Volume Hit $20bn
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was $20bn in 2020 despite the coronavirus pandemic.
During the period, the envoy explained, China’s GDP also grew to $15.7tn from...
Rise In Oil Price Continues, Inches Closer To $75pb
The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled with rising fuel sales in India as...
Despite COVID-19, Africa Records $80bn Diaspora Remittances
Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide.
However, remittances to Nigeria dropped by 27.7 percent in...
In Six Years, Buhari Regime Has Borrowed $2.02bn From China
The Buhari’s administration has borrowed $2.02bn as loans from China from 2015, data obtained from the Debt Management Office on Monday showed.
According to the statistics obtained from the DMO, Nigeria’s total debt from China as...
Nigeria Recorded Over $2.48bn Export To South Africa In 2020
Nigeria has exported commodities not less than $2.48 billion (R6billion) within the last 24 months, South Africa Consular General Hon Malik Abdul has stated.
Abdul, who disclosed this in a document made available to The Nation,...
