Monday, September 10, 2018

Tag "China"

    Keeping up with Nigerian players: In-form Ighalo bags brace — and so does Nwankwo

Keeping up with Nigerian players: In-form Ighalo bags brace — and so does Nwankwo

Nigerian players abroad showed quality for their clubs over the weekend.While some grabbed the headlines for being instrumental to their club's overall performance, a reverse was the case for others.TheCable has a lowdown on how they performed:BelgiumPeter Olayinka scored the match winner for Zulte Waregem in their 2-1 win over Royal Excel Mouscron. The hosts missed the service of Taiwo [...]

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    World Bank: African countries’ subsidies help the rich more than the poor

World Bank: African countries’ subsidies help the rich more than the poor

Jim Yong Kim, World Bank president, says subsidies provided by African countries help the rich more than the poor.Speaking to journalists at the ongoing Spring meetings of the International Monetary Fund (IMF) and World Bank in Washington DC, Kim said African countries could raise revenue for investing in health and education by removing these subsidies."They should be better at collecting [...]

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    China bans online sale of Bible

China bans online sale of Bible

The government of China has banned the sale of Bible online.There have been reported that searches for the Bible on e-commerce sites JD.com and Amazon.cn do not produce results despite the government publishing a new document claiming that it allows freedom of worship.Initially, China had always controlled sales of the Bible by only allowing it to be distributed and printed [...]

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    China warns Taiwan: You will face punishment of history for attempting to secede

China warns Taiwan: You will face punishment of history for attempting to secede

Xi Jinping, China's President, has warned self-ruled Taiwan that it will face the "punishment of history" for any attempt at separatism.In a speech at the end of China’s annual session of parliament, Xi told the 3,000-odd delegates that the country would push for the “peaceful reunification of the motherland” and work for more Taiwanese to enjoy the opportunities of China’s [...]

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    Your claims about our loans are ridiculous, China tells US

Your claims about our loans are ridiculous, China tells US

The government of China says the claims made by the US government through Rex Tillerson, secretary of state, concerning its loan facilities to Africa are ridiculous.Tillerson, who is on his diplomatic visit to Africa, had described the rate at which China offered loans as terrible. He warned that African countries could lose their sovereignty if they are not careful.Reacting to [...]

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    China to US: Don’t blame us for Africa’s accumulated debt

China to US: Don’t blame us for Africa’s accumulated debt

The Chinese government says it cannot take the blame for Africa's debt burden, saying it is as a result of accumulation over the years.At a press briefing on Monday, the US department of state had said China's loan rates are terrible for Africa because they burden the continent.Responding to the statement on Tuesday, Geng Shuang, Chinese foreign ministry spokesperson, said he [...]

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    US: China’s loan rates terrible for Africa

US: China’s loan rates terrible for Africa

The US has criticised the rate at which China offers loans to African countries, saying the practice is not for the betterment of the continent.NAN reports that the US department of state made this statement during a background briefing on the visit of Rex Tillerson, secretary of state, to Africa.Tillerson is scheduled to visit the leaders of Nigeria, Chad, Djibouti, [...]

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    Gene editing: Doctors take a leap forward in treatment of cancer

Gene editing: Doctors take a leap forward in treatment of cancer

Doctors from China have made advancement in the fight against cancer by experimenting with a new type of treatment through editing of human genes.The new treatment involves taking out T cells from a cancer patient's own immune system, after which the cells are genetically altered by the gene-editing tool called CRISPR. [...]

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    Ikpeazu sends Aba cobblers to learn shoemaking in China

Ikpeazu sends Aba cobblers to learn shoemaking in China

Okezie Ikpeazu, governor of Abia state, has reportedly sent 30 cobblers, commonly known as shoemakers in Aba, commercial city of the state, to China to master the art of shoemaking.In a documentary by The Osasu Show, hosted by Osasu Igbinedion, some of the beneficiaries expressed their joy for the opportunity granted them by the governor.The project, titled 'Made in Aba [...]

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    EXTRA: Chinese school teaching women ‘unconditional obedience to men’ forced to close

EXTRA: Chinese school teaching women ‘unconditional obedience to men’ forced to close

A school that teaches women to display “unconditional obedience” to men has been closed down by Chinese authorities.According to BBC, Fushun School of Traditional Culture was shut down by the Chinese education bureau due to “violation of socialist core values”.Teachers at the school are said to speak against gender equality, even kicking against self-defense when beaten.The school taught women to [...]

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    Asian equities flat as China’s GDP meets expectations

Asian equities flat as China’s GDP meets expectations

Equities across the Asian markets were trading in a tight, narrow range on Thursday, ignoring solid Chinese data and the new records on Wall Street, where the Dow Jones Industrial Average breached 23,000.FX markets are also struggling for direction, as traders look for signals from E.U. politics, and signs for who will lead the Federal Reserve.China’s economic growth meets expectationsChina’s [...]

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    China to open visa centres in Abuja, Lagos

China to open visa centres in Abuja, Lagos

The embassy of People’s Republic of China on Monday announced its plan to open visa application centres in Abuja and Lagos.Lin Jing, deputy ambassador, who made this known at a media conference in Abuja, said this would enhance visa process and ease applicants’ burden.Jing said the plan to open the centres was borne out of concern to resolve the challenge of [...]

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    US probes Chinese oil firm over ‘$100m bribe paid to Nigerians’

US probes Chinese oil firm over ‘$100m bribe paid to Nigerians’

US authorities are investigating China Petroleum and Chemical Corporation known as Sinopec over an alleged $100 million bribe paid to some Nigerian officials.According to Bloomberg, the bribe was aimed at resolving a $4 billion business dispute between the company’s Addax petroleum unit in Geneva and the Nigerian government.The dispute is said to be related to drilling and other capital costs, tax breaks and a [...]

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    Lai: We have succeeded in nursing this very sick economy

Lai: We have succeeded in nursing this very sick economy

Lai Mohammed, minister of information, says the Buhari administration has succeeded in nursing Nigeria’s “very sick economy”.In a statement issued by Segun Adeyemi, media aide of the minister, on Friday, Mohammed said this at the signing of a memorandum of understanding on media and cultural relations with China represented by Guo Weimin, visiting Chinese vice-minister of the state council information [...]

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    Top US diplomat quits over Trump’s withdrawal from Paris climate accord

Top US diplomat quits over Trump’s withdrawal from Paris climate accord

The acting US ambassador to China has resigned over Donald Trump’s decision to leave the Paris climate accord.John Pomfret, China expert and former journalist, wrote on Twitter that the charge d’affaires at the US embassy, David Rank, had personally informed embassy staff of his decision.A US embassy spokesperson would only confirm that Rank had made a "personal decision"."We appreciate his years [...]

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    China bans Islamic names in Muslim-dominated region

China bans Islamic names in Muslim-dominated region

China has prohibited parents in the Muslim-majority Uighur region from giving their children Islamic names.The ban is perceived as the latest effort by government in the region “to dilute the influence of religion on life".NAN reports that if a parent chooses one of the barred names, the child will be denied government benefits.The names listed on the government document distributed by Uighur [...]

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Exchange Rates

September 10, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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