News Snapshot:
For years, Chinese businesses in Nigeria have been significant with construction, technology and clothing. But that’s about to change as the world’s second-largest economy is moving to establish its presence in the Nigerian banking industry. Cui Jianchin, the Chinese Ambassador to Nigeria, says he is in talks with Chinese-owned banks to establish operations in Nigeria, NAN reports. “Before my departure from Beijing to Abuja, I talked to several banks in China. When you list the world’s 10 big banks, six are in China. The banking sector is very important because, without money, we cannot build our industries,” Mr Jianchin explained....
