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Tag Archives: China

Buhari to borrow from World Bank, China, Japan

The presidency on Thursday said it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. “Low cost, long-term loans (1.25% interest, 20yr tenor)” would be sought from the World Bank, African Development Bank, China’s Exim Bank and the Japan International Cooperation Agency, it announced. …

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China opens longest glass bottom bridge in the world

Tourists who suffer from vertigo need not apply. The world’s highest and longest glass-bottomed bridge opened Saturday in China’s spectacular Zhangjiajie mountains — the inspiration for American blockbuster Avatar. Some 430 metres (1,400 feet) long and suspended 300 metres above the earth, the bridge spans the canyon between two mountain …

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Fayose writes Chinese Govt to stop FG’s $2bn loan request

Governor Ayodele Fayose of Ekiti State has written the Chinese government, seeking the stoppage of the $2 billion loan being sought by the Federal Government, saying that “the government of China should be mindful of the fact that Nigerians, irrespective of their political and religious affiliations are totally opposed to …

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