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Tag: Chinese

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RMAFC woos Chinese investors to boost oil, gas revenue

The Revenue Mobilisation Allocation and Fiscal Commission has begun talks with major stakeholders as part of a broader push to draw more Chinese capital into Nigeria’s oil and gas industry and grow earnings flowing into the Federation Account. Vanguard reported that in a statement issued by the Head of the Commission’s Information and Public Relations […]

Policy and Regulations

NAFDAC links Chinese counterfeiters in Nigeria to fake goods surge

The National Agency for Food and Drug Administration and Control has linked Chinese counterfeiters now residing in Nigeria to the growing proliferation of fake goods, a trend worsening the production, distribution and sale of adulterated, harmful and unwholesome products. NAFDAC’s Director of Investigation and Enforcement, Martins Iluyomade, responding to The PUNCH in Lagos on Monday, […]

News

US offers $10m bounty for wanted Chinese hacker, accomplices

The United States government on Tuesday announced a $10 million reward for information leading to the arrest of Guan Tianfeng, a Chinese hacker, and his co-conspirators. Guan, 30, is accused of hacking computer firewalls and is believed to reside in Sichuan Province, China. The State Department disclosed that Guan faces charges of conspiracy to commit […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Business

Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology corporation Ltd., a Chinese enterprise, to finance and promote gas flaring solutions in Nigeria. According to the News Agency of Nigeria, President Bola Tinubu issued a national directive that led to the signing of this agreement on […]

FG secures $150m Chinese deal for battery production
Business

FG secures $150m Chinese deal for battery production

The Rural Electrification Agency and the National Agency for Science and Engineering Infrastructure have signed a $150 million deal with Chinese investors for battery manufacturing. The Times reported that this message was conveyed by the Director of Promotion and Outreach at REA, Malam Mutari Ibrahim, in a statement released on Friday in Abuja. Ibrahim stated that the agreement […]

Chinese researchers discover means to harvest electricity from raindrops
Tech

Chinese researchers discover means to harvest electricity from raindrops

Researchers from Tsinghua University in China have introduced a revolutionary method to generate electricity from raindrops. Utilizing a device called a triboelectric nanogenerator, the team devised a system that effectively harnesses raindrop energy and converts it into electricity. Triboelectric nanogenerators, commonly used to harvest energy from waves, faced limitations when applied to droplets (D-TENGs). To […]

13 Chinese nationals detained in Kwara for illegal mining
News

13 Chinese nationals detained in Kwara for illegal mining

13 Chinese nationals have been detained by the Economic and Financial Crimes Commission for allegedly indulging in illegal mining activities in Ilorin, Kwara State. This information was released by the anti-graft organization in a statement on Thursday by its head of media and publicity, Wilson Uwujaren. The 12 male and one female suspects were detained […]

US arrests Chinese tycoon Wengui over $1bn fraud
News

US arrests Chinese tycoon Wengui over $1bn fraud

  US authorities have accused a New York-based Chinese property tycoon, Guo Wengui of a billion-dollar fraud. BBC reported that Wengui and one of his business partners, Kin Ming Je, were charged for wire fraud, securities fraud, bank fraud and money laundering. Mr Guo is known to be an associate of ex-White House chief strategist […]

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