Monday, September 10, 2018

Tag "Xi JinPing"

    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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    Last woman standing and the return of strong men

Last woman standing and the return of strong men

The exit of Ellen Sirleaf-Johnson from office in January at the end of her second term as Liberian president left Ameenah Gurib-Fakim as the last African woman president standing.In a world where women have to prove themselves even for what comes to men naturally, whatever reduces the number of women in power preserves the glass ceiling.After Sirleaf-Johnson’s exit, I feared [...]

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    China sentences ex-presidential adviser to life imprisonment

China sentences ex-presidential adviser to life imprisonment

Ling Jihua, a close associate of former Chinese president Hu Jintao, has been jailed for life for corruption, the state-run Xinhua news agency said on Monday.Jihua pleaded guilty to bribery, illegally obtaining state secrets and abuse of power, said the court in the eastern city of Tianji.The 59-year-old fell from favour after his son died in a car crash involving [...]

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    Fayose writes Chinese leader to stop $2bn loan

Fayose writes Chinese leader to stop $2bn loan

Ayodele Fayose, governor of Ekiti state, has written a letter to President Xi Jinping of China, seeking the stoppage of the $2 billion loan sought by the federal government.In the letter dated April 12, Fayose said Nigerians were "totally opposed to increment of the country’s debt burden, which is already being serviced with 25 per cent of the government's annual budget”.He alleged that some [...]

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    Buhari CONFIDENT that the future is bright

Buhari CONFIDENT that the future is bright

President Muhammadu Buhari says he is very confident that the future of Nigeria is bright.According to Femi Adesina, special adviser to the president on media and publicity, Buhari said this on Tuesday at the opening of the Nigeria-China business/investment forum.He quoted the president as saying the policies of his government would eventually make Nigeria a choice destination for investors.Adesina said the [...]

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    Dangote ‘more powerful’ than Trump

Dangote ‘more powerful’ than Trump

Aliko Dangote, president of Dangote group, has been rated to be more powerful than American billionaire and Republican Party presidential front runner, Donald Trump.The American business magazine, Forbes, rated Dangote as the 71st most powerful person on earth, while Trump came in on the list at the 72 spot.Also behind Dangote, is Margaret Chan, the director-general of the World Health [...]

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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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