Business Why China’s $550m satellite gift to Nigeria could be another debt trap – BusinessDay

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Last week, Nigeria’s Minister of Communication, Adebayo Shittu announced that two prominent Chinese companies with very deep pockets, Exim Bank of China and China Great Wall have agreed to buy two communication satellites for Nigeria in a deal worth $550 million. The new deal will ensure …

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via BusinessDay – http://ift.tt/2EsmjHf

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