Nigeria and China to sign agreement on $328 million - Nigeria presidency

ABUJA (Reuters) - Nigeria and China are to sign an agreement on $328 million (£253.1 million) to be provided by Chinese Exim bank for technology infrastructure, Nigeria's presidency said on Saturday.

The bank facility is for the development of the country's telecommunications network. Nigeria's President Muhammadu Buhari arrived in China on Saturday ahead of the two-day Beijing Summit of the Forum on China-Africa Cooperation, which will begin on Monday.

(Reporting by Felix Onuah; Writing by Alexis Akwagyiram; Editing by Andrew Roche)