Tuesday, November 13, 2018

Tag "China"

    Alibaba records over $30bn sales in 24 hours

Alibaba records over $30bn sales in 24 hours

Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual “Singles Day” shopping frenzy, but growth slowed from previous years.The world’s biggest 24-hour shopping event, celebrating its tenth year, kicked off early Sunday and once again shattered its own sales mark as Chinese online buyers seized on promotions to snap up everything from electronics [...]

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    Amaechi: One of the benefits of Chinese investments is the varsity they’re building in Daura

Amaechi: One of the benefits of Chinese investments is the varsity they’re building in Daura

Rotimi Amaechi, minister of transportation, says one of the benefits of Chinese investments in Nigeria, is the University of Transportation currently being built by the Chinese in Daura, Katsina state.Speaking at one of the breakout sessions of the just concluded Nigerian Economic Summit (NES24), the minister said the Chinese are building a factory in the University structure."Somebody asked, what are the [...]

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    Reps invite NIA over ‘importation’ of Chinese drugs containing human parts

Reps invite NIA over ‘importation’ of Chinese drugs containing human parts

The house of representatives has resolved to probe the alleged importation of Chinese drugs containing human parts into the country.TheCable had reported that the National Intelligence Agency (NIA) cautioned Nigerians against the use of such drugs, following their interception in South Korea.According to a memo seen by TheCable, South Korean customs service intercepted 2,751 drugs containing human remains imported into the [...]

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    ALERT: Beware of drugs imported from China — they may contain human parts

ALERT: Beware of drugs imported from China — they may contain human parts

The National Intelligence Agency (NIA) has cautioned Nigerians against the use of drugs imported from China, as they may contain human remains.The warning was issued in a memo dated October 12 and directed to the ministry of health, the National Agency for Food and Drug Administration and Control (NAFDAC), The National Drug Law Enforcement Agency (NDLEA).The Nigeria Customs Service (NCS), Standards [...]

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    Buhari’s takeaways from Beijing summit

Buhari’s takeaways from Beijing summit

Heads of State, Governments and delegations from 52 African countries, which includes Nigeria and the People’s, Republic of China met in Beijing, under the auspices of the Forum on China and Africa Cooperation (FOCAC).The tri-annual summit was held with the theme: “China and Africa: Towards an Even Stronger Community with a Shared Future through Win-Win Cooperation.”President Muhammadu Buhari led a [...]

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    Buhari back to Abuja after attending China-Africa summit

Buhari back to Abuja after attending China-Africa summit

President Muhammadu Buhari on Thursday returned to Abuja from China where he attended the Forum on China-Africa Cooperation (FOCAC) summit.The president departed Nigeria on August 31 alongside nine ministers and four state governors.He was also accompanied by Aisha, his wife and one of his daughters.Bashir Ahmad, personal assistant on new media to the president, announced his arrival via his Twitter handle."After a successful [...]

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    Dominic Uzoukwu targets 20 goals to lift club into Chinese Super League

Dominic Uzoukwu targets 20 goals to lift club into Chinese Super League

Nigerian-Brazilian striker Dominic Uzoukwu is confident of scoring 20 goals for Beijing BG this season.The 23-year-old has already netted 11 times in the Chinese second-tier league and he's aiming to double his tally."I have scored 11 times already and I'm very confident of scoring more for my club," he told TheCable."When I was coming here, I set a target to score [...]

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    Buhari seeks China’s support on Mambilla power project

Buhari seeks China’s support on Mambilla power project

President Muhammadu Buhari on Wednesday sought support from the Chinese government for the speedy completion of the Mambilla power project in Taraba state.In November 2017, the federal government and Chinese contractors signed a N2.1 trillion (about $5.792 billion) contract deal in Abuja to execute the 3050 megawatts (MW) Mambilla hydropower project.The project was first awarded in 2007 under President Olusegun [...]

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    Buhari: Under me, Nigeria has benefitted projects worth over $5bn from China

Buhari: Under me, Nigeria has benefitted projects worth over $5bn from China

Nigeria's partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of projects valued at over $5 billion in the last three years of the current administration.President Muhammadu Buhari disclosed this on Tuesday in Beijing, capital of China, at the FOCAC round table meeting, attended by African leaders and Chinese President Xi Jinping.The president said [...]

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    The new scramble for Africa

The new scramble for Africa

Coming a week after leaders of two giant economies in Europe, Britain and Germany, made whistle-stop visits to Nigeria, the ongoing Forum on China-Africa Cooperation at Beijing, China deserves more than a passing glance from Africans.It is instructive that China, a country, could gather the African continent in a summit and gleefully announced a $60 billion investment or “in aids [...]

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    Chinese president: Our funds to Africa not for vanity projects

Chinese president: Our funds to Africa not for vanity projects

Chinese funds are not to be spent on “vanity projects” in Africa but in places that count the most. President Xi Jinping said this on Monday at the opening ceremony of the 2018 Beijing summit of the forum on China-Africa Cooperation (FOCAC).He said China's friendship with Africa was time-honoured, adding that the country's investments on the continent have no political strings [...]

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    PHOTOS: Buhari meets Nigerian community in China

PHOTOS: Buhari meets Nigerian community in China

President Muhammadu Buhari held an interactive session with the Nigerian community in China on Sunday.The meeting took place at the Nigerian Embassy in Beijing.The president is in the country for the Forum on China-Africa Cooperation (FOCAC) summit.The summit, which will be attended by Chinese President Xi Jinping and other African leaders, is scheduled to hold from September 3 to 4.https://twitter.com/BuhariCentre/status/1036141908463181824Asisat [...]

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    PHOTOS: Buhari arrives Beijing for China-Africa summit

PHOTOS: Buhari arrives Beijing for China-Africa summit

President Muhammadu Buhari has arrived in Beijing for the Forum on China-Africa Cooperation (FOCAC) summit.The summit, which will be attended by Chinese President Xi Jinping and other African leaders, is scheduled to hold from September 3 to 4.Nine ministers and four state governors are among the top government officials on the president’s entourage.Buhari’s first engagement in Beijing will be an interactive [...]

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    PHOTOS: Buhari off to China with wife, daughter

PHOTOS: Buhari off to China with wife, daughter

Aisha, wife of President Muhammadu Buhari, and Halima, one of his daughters, accompanied him on his trip to China.Also in the delegation were nine governors, four senators and some presidential aides.While in China, Buhari is expected to attend the 7th summit of the Forum on China-Africa Cooperation scheduled to hold from September 3 to September 4 in Beijing.Here are some pictures.[...]

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    Ajibade’s last-gasp strike keeps Falconets’ World Cup campaign alive

Ajibade’s last-gasp strike keeps Falconets’ World Cup campaign alive

Nigeria booked their place in the knockout round of the U20 Women's World Cup with a 1-1 draw against China.Rasheedat Ajibade struck a last-gasp goal to cancel out Zhang Linyan's first half opener.Christopher Danjuma's team went into the match knowing that a draw would see them advance to the round of eight.The game didn't lack chances as both teams attacked [...]

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    Nigeria Open: China win gold in U-21 men, women’s final

Nigeria Open: China win gold in U-21 men, women’s final

Chinese representatives are leading the gold-hail at the 2018 Nigerian Open.Guo Yan and Wang Shaobo on Saturday won gold in theU21 men and women's singles finals.Shaobo defeated India's Bhanja Ronit in three straight sets, Yan defeated her Chinese counterpart, Fan Siqi, after a four-set thriller.China have now won two medals at the ongoing tournament while India has one.Nigeria, the host [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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