Tag Archives: China

In a development that shows faith in the huge potential of the Nigerian economy despite the global economic meltdown caused by the COVID-19 pandemic, Lekki Port LFTZ Enterprise Limited (LPLEL) has received the infusion of $221,047, 248 (N83.997 billion) equity funding from China Harbour Engineering Company (CHEC), one of the shareholders of the Lekki Deep Sea Port Project, currently under ...

Nigerian Ajayi Adeniyi Olugbenga, one of the 60 Nigerian engineers being trained in China, is enthusiastic about learning advanced manufacturing and maintenance technology in the industrial city of Anshan, Liaoning province. The 41-year-old engineer arrived in August to Northeast China’s Liaoning province for six months training of theory, transformer design and equipment maintenance, reported China Daily. To upgrade Nigeria’s power ...

Embassy of the People’s Republic of China on Monday refuted allegations that China Civil Engineering Construction Corporation (CCECC) was among companies recently blacklisted by the World Bank. The statement released by the Embassy in Abuja explained that it was another company that was blacklisted. It said the company that was blacklisted violated the World Bank’s Procurement Guidelines during the prequalification ...

The Presidency says Nigeria will sign more agreements with China in the next couple of days as the 7th Forum on China-Africa Cooperation (FOCAC) is underway in Beijing. The Special Adviser to President Muhammadu Buhari, Mr. Garba Shehu, said this on Monday during an interview with Channels Television’s Politics Today, in reaction to the pledge of the Chinese government to ...

Former President, Chief Olusegun Obasanjo yesterday requested China to give $90bn to Africa for the development of infrastructure, saying it was the only way the current acute infrastructural deficit on the continent could be addressed. The money is to be spread for nine years. Speaking at the forum organised by the Gusau Institute in collaboration with the Centre for Nigerian ...

As part of efforts to grow its market reach and sustain the current trade exchange between Nigeria and China, Longrich, a Chinese firm on Tuesday lay foundation to a $20 million factory at the Lekki Free Zone, Lagos. The factory is the first of its kind to be sited by the Chinese firm outside the shores of China. Alex Jia, ...

This article gives us useful insight into amazing architectural masterpieces in the world. Only the best could have constructed these buildings that have been carefully selected as the top 10 most astonishing constructions in the world. The world we live in is characterized by a good number of breathtaking structures that makes you wonder what paradise would look like. There ...

The recent $500 million loan secured from China for the construction of new terminals has caused a ruckus  between Federal Government and Comrade Abdulrazak Saidu, the General Secretary of the Association of Nigeria Aviation Professional (ANAP). Speaking with journalists at the Lagos Airport, Saidu insisted that the fund in which Nigeria had a counterpart funding of $100 million was grossly ...

The issue of flooding has worsened considerably in Lagos in recent times to the extent that a man was spotted paddling his canoe on the popular Ahmadu Bello way in Victoria Island only last month. In this article, we look at possible ways Lagos flood disasters can be avoided. Following the flood than overran the Island and Lekki area of ...

“Lagos and Abuja ranked 29th and 59th respectively as the most expensive cities to live in a 2017 global cost of living survey. The 23rd Cost of Living Survey carried out by Mercer, the world’s largest human resource consulting firm, found that African, Asian, and European cities dominated the 2017 list of most expensive locations for working abroad. According to ...