China Grants Duty-free Market Access to Nigeria, Others
In a major policy shift set to reshape Africa-China trade relations, the Chinese government has announced plans to grant Nigeria and 52 other African nations full duty-free access to its vast consumer market.
The new trade initiative,...
During their meeting in Beijing, China, President Bola Tinubu and Chinese President Xi Jinping pledged to strengthen trade and economic cooperation between the two countries.
Chinese Loan Hits $4.73bn, Rises By $800m in One Year
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year.
It is an increase of 20.36 per cent from...
On China’s Belt and Road Initiative, by Lawal Sale
China's Belt and Road Initiative (BRI), an initiative of Chinese President Xi Jinping, marks its 10th year of existence this October. As part of the activities to celebrate the 10th Anniversary of the BRI, over 100 world...
China Reversing Nigeria’s Infrastructural Deficit, Says Buhari
President Muhammadu Buhari, on Tuesday lauded what he called China’s contributions towards the reversal of infrastructure deficit in Nigeria.
He said such contributions were visible in the areas of rail, roads, airports and power.
According to a statement by his...
COVID-19: China Will Give Debt Relief To African Countries
By Chu Maoming
Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by...
