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Nigeria’s electricity transmission losses hit ₦2.61bn in Q1

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Nigeria’s electricity transmission losses hit ₦2.61bn in Q1

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Solid minerals exports hit ₦354bn on reform gains

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Tag: China

China denies link to cyberespionage group accused of targeting Singapore
Business

Nigeria-China trade surges by 34.7% to $15.48bn

Trade between Nigeria and China surged by 34.7 per cent to $15.48 billion in the first seven months of 2025 compared to the same period last year. China’s Consul General in Lagos, Yan Yuqing, disclosed this during a reception celebrating China’s 76th founding anniversary, Nigeria’s 64th independence anniversary, and the Mid-Autumn Festival. Yuqing highlighted that […]

China’s rare earth magnet exports hit six-month high in July
News

China pledges 10% emission cut by 2035

China has unveiled new climate commitments, pledging to cut its greenhouse gas emissions by seven to10 per cent from peak levels by 2035. President Xi Jinping announced that Beijing would boost wind and solar power generation to six times its 2020 levels within the next decade, increasing the share of non-fossil fuels in China’s energy […]

China denies link to cyberespionage group accused of targeting Singapore
Investment

China to build Africa’s first insulin plant in Nigeria

The Chinese Ambassador to Nigeria, Yu Dunhai, has announced plans to build Africa’s first local insulin production facility in Nigeria. This project aims to transform blood glucose level management, prevent diabetes-related complications, and end the country’s reliance on imported insulin. Speaking at a reception marking the 76th anniversary of the founding of the People’s Republic […]

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China-Nigeria bilateral trade hits $15.48bn in seven months

Bilateral trade between China and Nigeria reached $15.48 billion between January and July, representing a 34.7 per cent increase compared to the same period in 2024. Consul-General of the People’s Republic of China in Lagos, Ms. Yan Yuqing, disclosed this on Sunday at a reception marking three historic occasions: the 76th anniversary of the founding […]

News

Flood: China donates 1,000 family kits to Nigerian Red Cross

The Red Cross Society of China has donated 1,000 family kits to the Nigerian Red Cross Society to support communities affected by recent flooding across Nigeria. The handover ceremony took place at the Nigerian Red Cross Society National Headquarters in Abuja, marking a significant humanitarian collaboration between the two countries. Minister of the Chinese Embassy […]

TikTok launches campus verification to help students connect
Business

US, China make progress on TikTok deal, trade

United States President Donald Trump and Chinese President Xi Jinping held a phone call, discussing the future of TikTok in the US and trade tensions between the two nations. Trump described the call as “very productive,” saying they made progress on several key issues, including trade, fentanyl, and the Russia-Ukraine war. “We made progress on […]

China denies link to cyberespionage group accused of targeting Singapore
featured News

China’s youth unemployment rate hits record high again

China’s youth unemployment rate hit a record in August since publication resumed under a revised calculation last year, adding to a recent string of gloomy economic data. The NBS announced that China’s overall unemployment rate in August stood at 5.3 per cent — up slightly from 5.2 per cent in July. The government’s jobless rate […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

US-China trade talks resume in Spain

China and the United States have resumed trade talks in Madrid, Spain, in an effort to narrow their differences on trade and technology issues that have strained relations between the two largest economies. The talks, which started at Spain’s foreign ministry, are expected to continue through Wednesday. US Treasury Secretary Scott Bessent and Chinese Vice […]

China denies link to cyberespionage group accused of targeting Singapore
News

Nigeria endorses China’s new global governance initiative

The Federal Government has formally endorsed China’s newly launched Global Governance Initiative, describing it as a “timely and thoughtful contribution” to the strengthening of the international system. In a press release issued by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, on Thursday, the FG expressed appreciation to the Government of the People’s […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

China ‘firmly opposes coercion’ as Mexico mulls car tariffs

The measure, included in a bill submitted by Mexico’s government to Congress, aims both to strengthen the country’s industrial sector and to appease US President Donald Trump, who has repeatedly pressed trading partners to raise duties on Chinese goods. Washington has accused Chinese manufacturers of exploiting the United States-Mexico-Canada Agreement by routing products through Mexico […]

Mexico considers 50% tariff on Chinese cars amid US pressure
News

Mexico considers 50% tariff on Chinese cars amid US pressure

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50 per cent duty on car imports from the Asian giant — up from 15-20 per cent. The initiative, contained in a bill submitted by the government to Congress, seeks to assuage US President Donald […]

Trump signs executive order establishing US Bitcoin reserve
Economy

China opposes economic pressure amid US tariff threats

Beijing has criticized the use of “economic pressure” after United States President Donald Trump suggested he would hike tariffs on buyers of Russian oil to stifle Moscow’s funding for its war in Ukraine. Trump proposed broadening tariffs on Russian oil buyers, including China and India, if the European Union takes similar moves. According to a […]

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