China’s import from Nigeria reaches N25.7 trillion by September

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China’s import from Nigeria reaches N25.7 trillion by September
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China's imports from Nigeria increased by 36.1 percent year-on-year, reaching an all-time high of $15.1 billion (about N25.7 trillion) between January and September 2024.

China's imports from Nigeria increased by 36.1 percent year-on-year, reaching an all-time high of $15.1 billion between January and September 2024. The Acting Consul General of the Consulate-General of China, Mr Jin Mingyu, made the disclosure at a civic reception organized to welcome the arrival of the first vessel on COSCO’s new route to dock at Lekki Port.

a global leader in the shipping and logistics industry, has launched a new route in partnership with Lekki Port, symbolizing further breakthroughs in China-Nigeria collaboration in port construction and operation. In 2023, he said that bilateral trade between China and Nigeria reached $22.56 billion, with Nigeria ranking as China’s third-largest trading partner in Africa.

ZIM, and ONE shipping lines, is a symbol of the company’s unwavering dedication to positioning Lekki Port as a transformative force in the Nigerian maritime industry. The Port Manager of Lekki Port, Emmanuel Anda, stated that the arrival of EA Centaurus marks a new dawn for the port. Anda, who represented the Managing Director of the Nigerian Ports Authority , Abubakar Dantsoho, disclosed that the giant stride makes Lekki Port a trade hub in the sub-region.

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