Tag Archives: China

Chinese banks to soon start operations in Nigeria- Envoy

Plans are in the offing for Chinese banks to start operations in Nigeria, Ambassador Cui Jianchun said on Tuesday. He noted that Nigerian financial institutions are welcome in his country if they decide to come on board. According to him, he is working to ensure the banks open in China and has been taking required steps. Jianchun told reporters in ...

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Nigeria’s foreign exchange reserves rise

Nigeria’s foreign exchange reserves have climbed beyond $40billion as of last week, according to the Head of Communications, Central Bank of Nigeria (CBN), Isaac Okoroafor. Data from the apex bank shows the reserves rose to $42.8 billion, growing by $3.5 billion since the beginning of the year. The reserves opened the New Year at $39.3 billion. The steady increases have ...

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The ERGP: A new sing-song for Nigeria’s economic recovery

By Nduka Uzuakpundu As Nigeria’s economy eases, with guarded optimism, out of a deep recession, the development has tended to renew investors’ hope in the country. The crawl away from a two-year-long recession, up to 2017, was hit with a nation-wide petrol scarcity for nearly two months up to December, 2017. As some tidiness returns to the economy, hope, among ...

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Chinese investment: A booster to Nigeria’s economy

By Nduka Uzuakpundu Nigeria’s President Muhammadu Buhari had a genuine cause, recently, to laud China for her rising investment in the country. China, he said, was a friend of Nigeria – and Africa, in general. At a time of a deep recession, between 2015 and 2017 – the first two years of the Buhari administration – the economic indices of ...

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China and Nigeria leads world bitcoin transactions in 2017

Bitcoin is gaining more prominence globally and Nigeria is definitely not lagging behind. A recent report indicated that Nigeria was a major hub of transactions in the digital currency. As a matter of fact, China and Nigeria lead the world’s peer-to-peer (P2P) bitcoin transactions in the year 2017 out-pacing major European countries, like the United Kingdom, and even the United ...

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