Wednesday 26 October 2016

CHINA FINE-TUNES OIL DEALS WITH FG, SEEKS SOVEREIGN GUARANTEE ON INVESTMENTS

China Fine-tunes Oil Deals with FG, Seeks Sovereign Guarantee on InvestmentsNigeria and China on Tuesday began to put finishing touches to the multi-billion dollar oil deals both countries had initiated, and which will see Chinese firms invest heavily in Nigeria’s energy sector.
 
But while the terms in the business deals are being worked out, the firms have indicated that they would be requesting a sovereign guarantee from the Nigerian government to back their planned investment on pipeline construction.
 

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