China
1 day ago
Chinese Foreign Minister Wang Yi has reaffirmed China’s commitment to Africa, emphasising that both regions remain good friends, partners, and brothers with a shared future.
2 days ago
Justice Abimbola Awogboro of the Federal High Court, Ilorin, on Friday, March 7, 2025, convicted and sentenced two Chinese, Yang Chao and Wu Shan Chuan, to prison for illegal mining of solid minerals in Kwara State. In a statement, the Economic and Financial Crimes Commission (EFCC) said they were convicted along with their company, Crius…
2 days ago
Operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Directorate, have arrested 31 individuals suspected of engaging in illegal mining activities in Jos, Plateau State. The arrests were made on Saturday, March 8, 2025, at the premises of Jiasheng Nigeria Limited, located at Dura Rayfield, Mangu Road, Jos. According to the EFCC, credible…
3 days ago
..swap agreement worth 15 billion RMB/3.28 trillion Naira The Consul General of the People’s Republic of China in Lagos, Ms.Yan Yuqing, has said the Peoples Bank of China and the Central Bank of Nigeria has renewed a three-year bilateral currency swap agreement worth 15 billion RMB/3.28 trillion Naira (extendable by mutual consent). She said it…
7 Mar
The FBI on Thursday arrested a US soldier suspected of selling classified information to individuals based in China, the Department of Justice has said. Jian Zhao, an active-duty army supply sergeant stationed at a military base in Washington state, was accused of gathering classified hard drives and a computer taken from the US government to…
6 Mar
Mexican President Claudia Sheinbaum, under US pressure not to allow her country to be a backdoor for Chinese goods, said Thursday that her government would review its tariffs with Beijing. Mexico imports "many products from China" that have hit domestic industries, Sheinbaum told a news conference shortly after US President Donald Trump suspended tariffs on…
6 Mar
The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened 22 pips to 7.1692 against the dollar on Thursday. This is according to the China Foreign Exchange Trade System. The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before…
6 Mar
China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top economic official said on Thursday. Beijing set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit…
5 Mar
China set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit exports. Beijing also announced a rare hike in fiscal funding, allowing its budget deficit to reach four percent this year as it battles…
4 Mar
China said Tuesday it would slap fresh tariffs on a range of agricultural imports from the United States as of next week, in retaliation against a hike in levies by Washington. "Additional 15 percent tariffs will be imposed on chicken, wheat, corn and cotton," Beijing's finance ministry said in a statement. And "additional 10 percent…
4 Mar
Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump's levies passed without the…
4 Mar
A Philippines FA-50 fighter jet and its two-man crew are missing after flying in support of ground forces fighting communist rebels in the southern Mindanao region, a military official said Tuesday. Air force spokeswoman Colonel Consuelo Castillo said the jet was flying "over land" on the way to its target area when it went missing…
Latest
2 mins ago
The federal government may have to scale down its plan to adopt concrete technology in road infrastructure nationwide due to the high price of building materials and the prevailing macro and microeconomic climate.
4 mins ago
With the Sword of Damocles hanging over the Rivers State Governor, Siminalayi Fubara, the political impasse in oil-rich Rivers State is far from over despite reassurance from gladiators on the festering crisis that has defied presidential intervention.
15 mins ago
Dele Momodu, a veteran journalist, contested for the presidential ticket of Peoples Democratic Party (PDP) in 2023, but ended up serving as the Director of Strategic Communications for the Atiku Abubakar Presidential Campaign Organisation.
15 mins ago
An explosion last night rocked the Otedola Bridge in Lagos, sparking a massive fire. The blast, which occurred at 8:18p.m., when a 50,000-litre tanker loaded with petroleum products overturned while making a turn at Otedola Bridge.
16 mins ago
The decision by United States President, Donald Trump, to cut international aid funding will affect Nigeria in various ways. One is in the fight against terror groups operating in the country and across the Sahel region of West Africa.
18 mins ago
The National Social Safety Net Coordinating Office (NASSCO) has said it has so far captured more than 68 million poor and vulnerable Nigerians into the National Social Register (NSR).
20 mins ago
While Section 30(1) of Nigeria’s Constitution recognises the death penalty as a form of punishment for heinous crimes, the reluctance by state governors to sign warrants for death row inmates, or commute their sentences, however, questions the propriety of retaining it in the county’s statute books.
20 mins ago
Amid the struggling oil prices, which remained below Nigeria’s budget benchmark of $75 per barrel, the country’s oil production in February dropped further to 1.4 million barrels per day.
21 mins ago
The Nigeria Extractive Industries Transparency Initiative (NEITI), OrderPaper Nigeria and other key stakeholders in Nigeria’s extractive sector have thrown their weight behind the country’s ongoing tax reform, insisting that it holds significant relevance in bolstering oil, gas and mining industries.
21 mins ago
The statement by the Minister of Industry, Trade and Investment, Jumoke Oduwole that 30 foreign trips undertaken by President Bola Tinubu have attracted proposed investments worth $50.8 billion into the country sounds exciting, but it needs to be substantiated.