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Prices of Garri, Nigerians’ Staple Food Crash in Enugu

Prices of Garri, Nigerians’ Staple Food Crash in Enugu

  Prices of garri, a stable food on Nigerians table, continued to crash in some Enugu markets, South East of the country. A market survey by the News Agency of Nigeria (NAN) in some major markets in Enugu metropolis on Saturday revealed that the prices of the white and red garri nosedived by about 36 […]

How Djibouti Like Zambia Is About To Loose Its Port To China

Warnings to other African countries over debt burden     Beijing’s cumulative loans to Africa since 2000 amounted to $124-billion by 2016, according to figures compiled by the China-Africa Research Initiative (CARI). Djibouti is projected to take on public debt worth around 88 percent of the country’s overall $1.72 billion GDP, with China owning the […]

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China, Africa Summit: Sen. Sani Warns Africa Against Creditor/Debtor Relationship

  The Chairman, Nigeria’s Senate Committee on Local and Foreign Debts, Sen. Shehu Sani, has cautioned against emphasis on loan in the relationship between China and African countries. Sani, gave this warning when he chaired a roundtable organised by the Centre for China Studies in Abuja on Thursday. The roundtable has the theme,” The Outcomes […]

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African Countries Welcome Win-Win Relationship With China – President Ramaphosa

  South African President Cyril Ramaphosa says African countries value the support China provides to them and welcomed the win-win relationship. He was speaking on Thursday after a China trip, where he paid a state visit and attended the 2018 Beijing summit of the Forum on China-Africa Cooperation (FOCAC). Mr. Ramaphosa who described the forum as a […]

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South African Companies Confident Of Accessing Peruvian Markets

  South African companies on a trade and investment mission to Peru are confident that their products and services will find a market in the South American country. The Department of Trade and Industry (dti) is currently leading a group of local companies on an Outward Selling Mission (OSM) to the South American country’s capital, […]

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Nigeria To Disburse N220 Billion To Medium And Small Scale Enterprises

  By Ahmad Umar: Central Bank of Nigeria (CBN) says it has earmarked N220 billion to be disbursed as loan for micro Business , Medium and small scale Enterprises. The Director, Corporate Communications Department of the Apex bank , Isaac Okorafor, disclosed this in an interview with news men in Gombe northeast of the country […]

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South Africa: MTN Shares Plunge 23% After Nigeria Orders Repatriation Of $8.1bn

  MTN Group shares plunged as much as 23 per cent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group to repatriate $8.1 billion illegally sent abroad. At trading on the Johannesburg Stock Exchange, MTN shares were down 21.4 per cent at 84.35 rand, after touching 83 rand, a […]

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Business: China-Africa Trade Hits N4.17 Trn In Seven Months

  The Consul-General of  China in Lagos, Mr Chao Xiaoliang, on Thursday said the volume of trade between China and Africa from January to July this year now stand at about N4.17 trillion ($116 billion). Chao, in an article entitled, “Working Together to Write a New Chapter in China-Africa Relations’’, also announced China’s readiness to host this […]

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