Tag: Nigeria
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Two CPC Representatives Met With the Head of Nigeria’s Main Opposition Party
Two representatives from the Communist Party of China (CPC) stationed in the embassy in Abuja paid a courtesy call last week to Iyorchia Ayu (photo), head of the People's Democratic Party (PDP), Nigeria's largest opposition party. The visit highlights two ...
Nigeria’s Transport Minister Just Said the Quiet Part Out Loud: China’s No Longer Funding Large-Scale Railways in Africa
Nigerian Transportation Minister and likely presidential candidate, Rotimi Amaechi, publicly acknowledged what's been widely known: that China is no longer in the business of financing massive, multi-billion railway projects in Nigeria. “We are stuck with lots of our projects because we ...
Construction of an Important Sino-Nigerian Infrastructure Experiment is Almost Finished, Says Transportation Minister
Nigeria's Transportation Minister (and likely presidential candidate) Rotimi Amaechi conducted a site visit on Saturday of the massive Lekki Deep Seaport project in Lagos where he said construction is now 80% finished. He added that he's expecting Chinese contractors to finish ...
China-Africa Trade in 2021 Amounted to $254 Billion, Breaking an All-Time Record
Two-way China-Africa trade surged last year to a new record of $254 billion, an impressive $67 billion increase from the 2020 total of $187 billion, according to data released by China's customs agency on Tuesday. Last year's supply ...
If You’re Going to Criticize China For Its Lending Practices, Make Sure to At Least Get Your Facts Right
The central bank in Sri Lanka will make a $500 million payment on Tuesday to bondholders, the first tranche of $4.5 billion in debt servicing obligations that Colombo is due to pay this year. The South Asian island state ...
Nigeria’s Debt Crossed the $90 Billion Threshold… But Not Because of Chinese Loans
Nigeria's total debt, both external and domestic, edged up by 4% to $92.6 billion as of the end of September according to the latest data from the Debt Management Office (DMO). The DMO said the increase was due largely ...
Nigeria’s Controversial Transport Minister Will Likely Run For President Touting the Success of New Chinese-Built Railways
Nigeria's high-profile and rather controversial transportation minister Rotimi Amaechi is under mounting pressure from political allies to run for president in the upcoming election scheduled for 2023. And if he does run, there are indications he's going to put ...
Chinese Man Awarded Honorary Chieftan Title in Central Nigeria
The chief of the central Nigerian town of Keffi in Nasarawa State awarded a local chieftain title to the Shandong native Cong Hui (丛辉) in appreciation of his contributions to economic development in the community. Cong works for PowerChina and is ...
Nigeria Unveils a Chinese-Style Digital Currency Platform
Nigeria's President, Muhammadu Buhari, unveiled the country's new digital currency platform, eNaira, on Monday. It is Africa's first virtual currency. The new service will allow Nigerians to make contactless payments, move money between accounts and manage their accounts virtually. Unlike other ...
Nigerian Journalist Wins West African Reporting Prize For Coverage of Illegal Chinese Mining
Nigerian journalist Chinedu Asadu won the West Africa Media Excellence Conference Award on Friday for his daring undercover report on illegal Chinese mining in the Federal Capital Territory near Abuja. Asadu, then a reporter for the Nigerian online publication The ...
Week in Review: Human Rights, Contracts and Finance
China is turning to governments in Tanzania, South Sudan, and other Global South countries to fend off international criticism over its human rights policies in Xinjiang. The treatment of Uyghur Muslims was the main focus this week at the UN Human Rights Council after
Don’t Blame Cheap Chinese Imports For Destroying Nigeria’s Textile Industry: It’s Our Fault, Say Industry Leaders
Nigeria's once-thriving textile sector is now fast disappearing due largely to competition from Chinese imports. But don't blame the Chinese, said Mansur Ahmed, president of the Manufacturers Association of Nigeria, who puts a lot of the responsibility for the industry's demise squarely at the ...