A Chinese conglomerate has expressed its determination to establish a feed mill and maize farm in Cross River state, worth eight million Dollars. The move by the investor is expected to boost Governor Ben Ayade efforts to diversify the economy of the state. The Chairman of Wuhan Longfecund Agriculture Development Company Ltd, Wuhan in China, Yongsheng […]
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A Chinese group of firms have shown interest in acquiring Nigeria own Ajaokuta steel company. The group of companies which is into mining, exploration, financing, provision of technologies, commodity exchange and minerals product beneficiation, have indicated their interest to the Minister of State for Solid Minerals, Hon. Abubakar Bwari. Bwari who met with the group yesterday in […]
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An indigenous conglomerate, the Bua Group, has resumed discussions with a Chinese firm, Sinoma International Engineering Company, on plans to construct a steel plant in Nigeria and two cement factories in East Africa. The Chairman, Bua Group, Abdulsamad Rabiu, stated this on Thursday and gave the total cost of the projects as $1.9bn (about N374bn […]
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