Friday, July 19, 2019

Tag "China"

    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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, [...]

0 comment Read Full Article
    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. [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    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 [...]

0 comment Read Full Article
    China launches first unmanned cargo spaceship

China launches first unmanned cargo spaceship

China successfully launched its first unmanned cargo spaceship on Thursday, taking the country one step closer to building its own space station.The Tianzhou 1 blasted off from China's newest launch site, Wenchang.The craft will carry out scientific experiment after reaching the Tiangong 2 space station.Speaking at the launch, Zhang Xueyu, launch site commander said, "I hereby declare that the Tianzhou [...]

0 comment Read Full Article
    China worried by North Korea’s threats of missile tests, nuclear war

China worried by North Korea’s threats of missile tests, nuclear war

China’s foreign ministry said on Wednesday that it was seriously concerned by recent comments made by North Korean officials warning of further missile tests and the possibility of nuclear war.Addressing a press briefing, ministry spokesperson Lu Kang added that China was resolutely opposed to any words or actions that could further raise tensions.NAN reports that China on Tuesday called on [...]

1 comment Read Full Article
    China jails official who bribed presidential aide

China jails official who bribed presidential aide

A court in northern China has sentenced a former senior provincial government official who bribed a now disgraced former aide to retired President Hu Jintao to 20 years imprisonment.“The court in Tianjin found that Pan Yiyang abused his positions as vice governor of the northern region of Inner Mongolia and Communist Party boss of Ganzhou in the eastern province of [...]

0 comment Read Full Article
    China to build $1.5bn shoe industry in Aba

China to build $1.5bn shoe industry in Aba

Okezie Ikpeazu, Abia state governor, has secured a $1.5bn deal for the establishment of a shoe industry in Aba from Huajian Shoe Industry in Dongguan, Guangzhou, China.Enyinnaya Appolos, chief press secretary of the governor, disclosed this in a statement on Sunday.According to him, Ikpeazu secured the deal at a meeting with Zhang Huarong, group chairman of the Huajian Group in [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

July 12, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement