<< Back             Poser >> China-Nigeria economic, trade relations head for new heights – envoy The acting Consul General of the Peoples Republic of China in Lagos, Jin Mingyu, has assured that China-Nigeria economic and trade relations are poised to reach new heights, as his country is committed to fresh investments in Nigeria. Mingyu, speaking at the opening ceremony of the 2024 China Commodities EXPO Nigeria (CCE) in Lagos, said that over the next three years, the Chinese government would encourage Chinese enterprises to invest no less than 70 billion RMB in Africa, providing robust support for China-Africa and China-Nigeria economic and trade cooperation. He noted that both countries recently signed a cooperation plan for the ‘Belt and Road Initiatives’, outlining exchanges in macro-economic policies, industrial development, and infrastructure construction, establishing priority areas for collaboration in energy, mining and metallurgy, infrastructure, manufacturing and agriculture. Also speaking at the forum, Lagos State Governor, Babajide Sanwo-Olu said his administration is dedicated to fostering an environment that promotes trade, investment, and supports local enterprises for the continuous development of the state. Sanwo-Olu, represented by his deputy, Dr. Kadri Obafemi Hamzat, noted that the state government recognises that strong bilateral relationships are vital for attracting foreign investments that will drive infrastructure development and create jobs. He noted that the event, which is important in a time when the world is advancing technologies, will provide essential platforms for mutual benefit and showcase a diverse range of Chinese products and services as well as create an opportunity for Nigerian businesses to engage with innovative solutions as well as expand their networks. Founder/Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf called for strengthening of complementarily of trade between Nigeria and China to strengthen production capabilities, export of value-added products and export competitiveness. He described the expo as a demonstration of the confidence Chinese investors has in the Nigerian economy, despite the current challenges. Guardian Business News	From Luxury to Losses: How High Living Costs Impact Nigeria’s Hotel Industry The rising inflation in Nigeria is dealing a severe blow to the hotel industry, escalating operational costs and dampening customer demand as many operators are either closing shop or As Botswana gets new president in nearly 60 years, citizens expect social justice Gaborone last Friday played host to the inauguration of President Duma Boko, Botswana’s newly-minted leader.The post As Botswana gets new president in nearly 60 years, citizens expect social justice appeared first on Ghana Business Asia, the world's economic engine, prepares for Trump shock Some Asian countries stand to gain if US president-elect Donald Trump pushes ahead with his promised massive tariffs on China and triggers a new wave of factory relocations to the rest of the Advancements, AI could make 50% of workforce skills outdated – report Project Management Institute (PMI's) Global Megatrends 2024 report has revealed that nearly half of today's workforce skills could become outdated within two years due to advancements like generative AI. The post Advancements, AI could make 50% of workforce skills outdated – report appeared first on The Guardian Nigeria News - Nigeria and World China-Nigeria economic, trade relations head for new heights – envoy The acting Consul General of the Peoples Republic of China in Lagos, Jin Mingyu, has assured that China-Nigeria economic and trade relations are poised to reach new heights, as his country is committed to fresh investments in Nigeria.The post China-Nigeria economic, trade relations head for new heights – envoy appeared first on The Guardian Nigeria News - Nigeria and World Boeing to face civil trial over 2019 MAX crash Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March 2019 Ethiopian Airlines crash that killed 157 people. The MCAS was a flight stabilizing system that malfunctioned in both the Ethiopian Airlines and in the October 2018 Lion Air crash in Indonesia, which killed 189