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With bet on Lekki Port, China makes biggest investment in Nigeria

...signing of $629m financing to hold today

China Development Bank and Tolaram Group, the parent company of the Lekki Port LFTZ Enterprise Limited, will sign a $629 million deal on the much-awaited Lekki Deep Sea Port in Lagos today. Sources tell BusinessDay that this will be China’s single biggest equity investment in Nigeria and is in line with its Belt and Road…

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