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Firms expect borrowing costs to ease in coming months

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Tag: China

featured Oil and Gas

NNPCL signs MoU with Chinese firms to revive refineries

The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding with two Chinese firms for the restart, operation and expansion of the Warri and Port Harcourt refineries. Vanguard reported that in a statement on Monday, NNPC’s Chief Corporate Communications Officer, Andy Odey, said the agreement was signed with Sanjiang Chemical Company Limited and […]

China increases number of Nigerian-made goods in Chinese market
Policy and Regulations

China extends zero-tariff policy to Nigeria, 52 African countries

China has announced the full implementation of zero-tariff measures for 53 African countries with diplomatic relations with Beijing, including Nigeria, in a move aimed at deepening trade ties and expanding market access for African exports. The policy, which took effect on May 1, marks a significant step in China’s broader strategy to strengthen economic cooperation […]

Oil and Gas

China denies US claim over seized Iran-bound vessel

China on Wednesday firmly denied claims that a vessel intercepted by the United States was carrying a “gift” from Beijing to Iran, pushing back against allegations made by United States President Donald Trump a day earlier. Trump had alleged that an Iranian-flagged ship seized by US forces in the Gulf of Oman on Sunday contained […]

Opinion

China slams US Hormuz blockade as ‘dangerous, irresponsible’

China accused the United States on Tuesday of “dangerous and irresponsible” behaviour over its blockade of Iranian ports, with President Xi Jinping vowing Beijing would play a “constructive role” in promoting peace in the Middle East. US President Donald Trump has threatened to sink ships entering or leaving Iranian ports and coastal areas in the […]

Aviation

China reopens direct air route to North Korea

China’s national airline resumed direct flights between Beijing and Pyongyang on Monday, shortly after passenger train services between the two capitals were restored. The Air China flight was greeted by Chinese Ambassador to North Korea Wang Yajun and other diplomats, Chinese state media reported. Passenger train services from China to North Korea resumed on March […]

Economy

China’s economy starts 2026 strongly amid US-Israel-Iran war risks

China’s economy kicked off 2026 on a stronger note, with factory output accelerating and gains in retail sales and investment providing early positive signals to policymakers. This comes amid heightened global uncertainty from the ongoing Iran–Israel War 2026, which involves the United States, Israel, and Iran following U.S.-Israeli airstrikes that began on February 28. The […]

Nigeria-China trade hits $23bn - Envoy
Conferences

China named strategic partner for West Africa IMT summit 2026

The Trade Development Bureau of China’s Ministry of Commerce has been confirmed as a Strategic Country Partner for the West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition 2026. This, according to organisers, reinforces a growing shift in Nigeria-China economic relations from expanding trade volumes to anchoring industrial production and long-term investment. […]

featured Travel

Nigerians, Chinese top Grenada citizenship-by-investment applicants in 2025

Nigeria and China have emerged among the top five source countries for applicants seeking citizenship-by-investment in Grenada. This development highlights a broader shift in demand for second passports, moving beyond traditional Western applicants. According to BusinessDay, fresh data from the Investment Migration Agency revealed that Nigerians and Chinese nationals secured the top two positions among […]

US-China tensions reignite over Huawei AI chip export rules
Business

China denies US claims of funding militias in Nigeria in

China has dismissed claims by five United States lawmakers that it is backing illegal mining operations and funding militias in Nigeria, calling the allegations “entirely unfounded.” The Chinese Embassy in Nigeria issued the statement on Thursday in response to a bill recently introduced in the US Congress. The move introduces a diplomatic angle to ongoing […]

Opinion

UK risks danger by dealing with China, Trump warns

United States President Donald Trump has described it as “very dangerous” for Britain, a close ally, to engage in business dealings with China. Trump made the comment on Thursday while speaking to reporters at the premiere of a documentary about his wife, First Lady Melania Trump. When asked about Britain “getting into business” with China […]

Nigeria-China trade hits $23bn - Envoy
Economy

US tariff: UK PM leads race in trade ties with China

Britain’s Keir Starmer is the latest Western leader to heat up trade ties with China in a shift analysts say is driven by US tariff pressure and unease over Donald Trump’s volatile policy playbook. The prime minister’s Beijing visit this week to promote “pragmatic” co-operation comes on the heels of advances from the leaders of […]

Travel

China warns citizens against travelling to Japan over security threats

China warned its citizens on Monday against travelling to Japan during the upcoming Lunar New Year holiday, citing deteriorating public security, with Tokyo and Beijing locked in a diplomatic spat. Japanese Prime Minister Sanae Takaichi’s suggestion in November that Tokyo could intervene militarily in any attack on Taiwan triggered a sharp backlash from China. That […]

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