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Nigeria President bans foreign trips by govt officials
3/21/2024 0

Nigeria signs US$1.2 billion deal with Chinese state-owned company to revamp key gas plant Nigeria has inked a US$1.2 billion deal with a Chinese firm to revitalize a gas processing facility, a move that officials say could propel the African country to a leading position in aluminim production. The deal between the Chinese state-owned CNCEC and the BFI Group, a major investor in the Aluminum Smelter Company of Nigeria, is expected to revive the 135 million standard cubic feet gas processing facility plant at the smelter. It was announced Tuesday by Nigeria's minister of state for gas via a post on the social platform X. Minister of State for Gas Ekperikpe Ekpo expressed optimism about the “significant investment,” stating that it would position the smelter “back on the path to becoming a leading aluminum producer for both domestic and international markets.” Nigeria and China’s economic relationship deepened in 2016, when the administration of former President Muhammadu Buhari visited Chinese President Xi Jinping and signed a number of agreements. Since then, Chinese companies have been contracted to build railways and provide infrastructure in Africa’s most populous country. The country, however, continues to face economic challenges, including a 28-year high inflation rate. Its currency, the naira, is at record lows against the dollar. Many Nigerians have taken the streets in recent months to protest against the economic hardship they say is caused by the reforms.
11/18/2024 0

Nigeria to start exporting locally-produced commodities to SA
3/11/2024 0
Executive secretary of the National Action Committee on African Continental Free Trade Area, Olusegu...

Nigeria Withdraws from AFCON Qualifier Against Libya After 16-Hour Airport Stranding
10/14/2024 0
Zim Now WriterNigeria has withdrawn from their Africa Cup of Nations qualifier against Libya and was...

Nigerian pastors fingered in sex scandals
1/10/2024 0
Nigeria has witnessed a series of scandalous revelations involving prominent pastors allegedly engag...

Nigerian president suspends minister over financial scandal
1/10/2024 0
Nigerian President Bola Tinubuand fired Minister of Humanitarian Affairs and Poverty Alleviation, Be...

Nigerian Senate Moves to Criminalise Large-Scale Unprocessed Corn Exports
12/9/2024 0
Zim Now WriterNigeria’s Senate has approved a bill that criminalizes the export of large quantities ...

Nigerians living in SA urged against unruly behaviour ahead of Afcon match
2/7/2024 0
… as SA govt assures Nigerians of non-violenceOscar J JekeThe High Commission of the Federal Republi...

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