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Tag: China

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Business News

China raises defence budget by 7.2%

China will raise its budget on defence by 7.2% this year in a bid to enhance preparedness and build the nation’s security capacity.   Reuters reported that the increase is slightly more than that of last year at the same time faster than the government’s modest economic growth forecast.   It was also raised owing […]

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017
Business

OPEC to reconsider output as China oil demand surges – IEA

The executive director of the International Energy Agency, Fatih Birol said on Sunday that OPEC and other oil producers will have reconsider the policies guiding their outputs as China demands expected to surge after the COVID-19 disruption. China is the largest world’s oil consumer, following the United State. It is also one of the countries […]

Agribusiness

China donates over N2.8bn agric centre to Nigeria

The Chinese government on Tuesday have donated over 2.8 billion worth of agricultural demonstration centre to Nigeria.   The Chinese Ambassador to Nigeria, Cui Chun, made this disclosure on the sidelines of noting how China is currently working with Nigeria to tackle insecurity.   According to Chun, the agricultural centre project kicked off on 18 […]

News

Kogi, China partner to tackle insecurity

The Governor of Kogi State, Yaya Bello, has signed a Memorandum of Understanding with Chinese investors for the provision of a first-of-its-kind high technology security architecture that will capture movements in and out of Kogi State from a control centre.   According to The Eagle, the security architecture will be designed to decimate terrorists, bandits […]

China boosts ties with Nigeria, unveils new trade association
Economy

China boosts ties with Nigeria, unveils new trade association

In a bid to strengthen the Nigeria-China relationship, the Counsel General of the People’s Republic of China, Chu Maoming inaugurates Nigeria Anhui Entrepreneurs. According to ThisDay, the association was inaugurated at an elaborate ceremony in Oriental hotels, Victoria Island, Lagos, recently. The association’s Chairman, Wu Da Yang restated that move was thought of to further […]

News

Bakers hike bread price again, cite forex crisis, others

Bakers under the aegis of the Premium Breadmakers Association of Nigeria have said they will increase the price of bread, effective Monday (today). The President of the association, Emmanuel Onuorah, who made the disclosure in an interview with our correspondent on Sunday, said the increase became inevitable due to soaring costs of operations. He said, […]

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