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Farooq

Archive by Category "China"

HomeArchive by Category "China"

April 19, 2016 At a the conclusion of the 2016 World Bank/IMF Spring meeting in Washington D.C., Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) spoke at a press conference, saying that the Federal Government of Nigeria is in talks with China concerning the increase of exports to the Asian superpower. According […]

A lot have been made of President Buhari’s trip to China. Politicians from both major parties have either praised the achievements of the president while his opponents are focusing their criticisms on the weakness of the deal. We will dissect both of those at a later date but let’s separate fact from fiction and highlight […]

LAGOS, April 17 (Xinhua) — Nigeria’s plan to increase the availability of renminbi (Yuan) has already favored the Naira against the U.S. dollar, a top official with the Association of Bureau De Change Operators of Nigeria said Sunday. Aminu Gwadabe, President of the Association disclosed this to reporters in Abuja, saying since the announcement, the […]

Experts have expressed fear about the new agreement signed by Nigeria to include China’s currency, Yuan in its foreign reserves. While they envisage many opportunities as result of the agreement, they hold several reservations. One reason for this is because China is investing in US treasury and are the largest purchaser of US treasury. They […]

April 14th 2016 In the last 48 hours, much has been made about the success of President Muhammadu Buhari’s trip to China. For some, it was about the ability to borrow or source cheaper funds and for others, it was the increased investments Chinese companies have promised to make in Nigeria’s potential growth sectors such […]

BEIJING, April 13 (Xinhua) — China is willing to join hands with Nigeria, the largest economy in Africa, to contribute to regional and world economic recovery and growth, Chinese Premier Li Keqiang said here on Wednesday. Li told visiting Nigerian President Muhammadu Buhari during a meeting in the Great Hall of the People that the […]