Tag Archives: China

Many gains of Buhari’s China visit

Contrary to rumour making the rounds at the wake of President Muhammadu Buhari’s visit to the People’s Republic of China that the Nigerian leader would sign a $2bn loan deal with China to fund the over ₦2tn budget deficit, Africa’s largest population however has gained more from the President’s visit to the Asian giant. Presidential spokesman, Femi Adesina had refuted …

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Nigeria, China Sign $23bn deal for three refineries in Kogi, Lagos, Bayelsa

Nigeria’s state-run oil firm NNPC and China State Construction Engineering Corporation (CSCEC) have signed a $23bn (£16bn; 18bn euros) deal. The two will jointly seek financing and credits from Chinese authorities and banks to build three refineries and a fuel complex in Nigeria. The project would add 750,000 barrels per day of extra refining capacity. NNPC hopes the construction of …

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