China to invest fresh $70bn in Nigerian Economy

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Chinese private sector companies had pledged an additional investment of 70 billion dollars to the Nigerian economy.Kachikwu said this while addressing State House correspondents on the outcome of the Federal Executive Council (FEC), presided over by President Muhammadu Buhari in the Presidential […]

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NNPC, China sign $50bn MoU on oil and gas development

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) worth 50 billion dollars with some Chinese companies for infrastructure development in oil and gas sector. The information is contained in a statement issued by the Corporation on Wednesday in Abuja. It stated that “NNPC wishes to announce the recent landmark strides […]

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Al-Bashir ignores ICC again, heads to China

Defying the International Criminal Court arrest warrants once again, Sudanese President Omar al-Bashir will travel Monday to the Chinese capital Beijing on an official four-day visit to China, according to Sudanese Foreign Ministry spokesman. “The president will leave Monday for China on a four-day visit to attend China’s celebrations of victory over fascism,” Ali Al-Saddiq, […]

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