The Chairman of the Africa-China Chairmen of Business Council Forum (ACCBCF) and Chief Executive Officer/Publisher of Africa China News (ACN), High Chief Mike Yousuf, has held a high-level meeting with the Managing Director and Chief Executive Officer of Parallex Bank, Dr. Olufemi Nojeemdeen Bakre, to explore strategic financial solutions aimed at strengthening China–Africa trade and investment.
The meeting, which took place on July 1, 2026, at the Office of the Africa-China Chairmen of the Business Council Forum within the Federal Ministry of Industry, Trade and Investment in Abuja, focused on providing banking solutions for Chinese companies, project financing, and expanding trade and investment between China and Africa.
During the discussions, High Chief Yousuf underscored the immense opportunities presented by the growing economic partnership between Nigeria and China. He proposed a strategic collaboration with Parallex Bank to enhance financial support for Chinese enterprises operating in Nigeria and across the African continent.
According to him, strengthening access to tailored banking services and project financing would help facilitate investment, improve ease of doing business, and deepen commercial ties between Chinese investors and African markets.
In his remarks, Dr. Bakre reaffirmed Parallex Bank’s commitment to supporting international trade and investment through innovative banking products and financial solutions. He said the bank remains dedicated to providing the financial infrastructure needed to accelerate economic cooperation between China and Africa.
The Parallex Bank chief executive also expressed the institution’s readiness to partner with stakeholders in promoting sustainable investments, facilitating cross-border transactions, and supporting projects that drive economic development across the continent.
The meeting is seen as another significant step in advancing China–Africa economic relations, reinforcing Nigeria’s position as a preferred destination for Chinese investment while creating new opportunities for trade, infrastructure development, and sustainable economic growth across Africa.
