Lagos State Government has signed a Memorandum of Understanding (MoU) with a Chinese food processing company, Yihai Kerry Arawana Holdings Co. Limited, to increase productivity in the rice value chain and enhance food security in the State. The Lagos State Governor, Mr. Babajide Sanwo-Olu who is currently in China with some Lagos State Government officials for the ongoing Forum on …

The Zhongshang Fucheng Industrial Investment Ltd, a Chinese firm involved in the controversial seizure of three Nigerians aircrafts in France and other assets in some other countries, has seized another Nigeria’s jet in Canada. This is coming on the heels of seizure of three presidential aircraft by a French court in favour of Zhongshan Fucheng, over a dispute with the …

The management of Chinese firm, Zhongshan Fucheng Industrial Investment Company Limited, has said its top officials were unlawfully detained and brutalised by the police during its contractual disagreement with the Ogun State Government. The firm said the maltreatment compelled it to seek the seizure of Nigerian assets overseas. The media was awash on Thursday with the news of the seizure …

Barely 10 months after a court overturned $11 billion damages against Nigeria in the controversial Process & Industrial Developments (P&ID) deal, the federal government is facing another legal battle involving a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Limited, which is seeking to enforce a $70 million arbitration award against Nigeria. Does the federal government stand a chance of emerging …

Zhongshan Fucheng Industrial Investment Company Limited has announced the release of one of the three Nigerian aircraft, Airbus A330, detained in France, following the court order it obtained by a judiciary court in Paris, the French capital. Zhongshan said it released one of the three Nigerian aircraft detained in France for President Bola Tinubu’s scheduled meeting with President Emmanuel Macron. …

Nigeria’s claim to sovereign immunity cannot stand in a commercial venture, a US appeal court has ruled. The court rejected Nigeria’s sovereign immunity defence to the enforcement of a $70 million investment treaty award won by Zhongshan Fucheng Industrial Investment Co. Ltd., a Chinese investor, in a free trade zone. Nigeria had “gruesomely” violated both fundamental and commercial rights of …

The Federal Government has commenced discussions with a Chinese firm, Luan Steel Holding Group, to build a new steel plant in Nigeria and commence the construction of military hardware at the Ajaokuta Steel Plant. The plan is coming as part of the FG’s efforts to industrialise Nigeria through the steel industry. This formed the crux of the visit by a …

The Nigeria Labour Congress (NLC) has protested alleged anti-labour practices by a Chinese construction firm, Shaanxi Construction Engineering Group Corporation. While picketing the Chinese company, the workers temporarily shutting down construction work at the new headquarters of the Economic Community of West African States (ECOWAS) at Lugbe in Abuja. Angry construction workers, who are affiliates of the NLC, pulled down …