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Stanbic IBTC inaugurates Africa-China banking centre

In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.
US crude oil

Saudi Arabia’s production cut hikes oil prices

Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply.

China restates commitment to provide 85% funding for $2.8 billion AKK gas pipeine project

The Nigerian National Petroleum Corporation (NNPC) has been assured by China National Petroleum Corporation (CNPC) that it is committed to helping it secure up to 85 per cent of $2.8 billion it requires to build the Ajaokuta-Kaduna-Kano (AKK) pipeline project, a statement from the corporation on Monday disclosed.
FILE PHOTO- Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its headquarters in Beijing, China, March 30, 2016. REUTERS-Kim Kyung-Hoon-File Photo

Chinese banks post solid profits but US trade war a risk

Chinese banking giant ICBC, the world's biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Stanbic IBTC sensitises traders on Naira-Yuan swap deal

The forum was meant to provide insight into how best to help clients and businesses leverage the opportunity as well as assess the impact of the Chinese economy on trade in Africa.
China's Premier Li Keqiang speaks during the China-EU Business Roundtable at the Great Hall of the People in Beijing on July 16, 2018. The European Union on July 16 called on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent "conflict and chaos." / AFP PHOTO / POOL / Ng Han Guan

Chinese stocks close higher on government stimulus signal

Chinese stocks closed solidly higher on Tuesday after the government signalled it would shift to a looser fiscal policy to shield the world's second-largest economy from the worsening trade row with Washington.

Hong Kong stocks close down more than five percent

Hong Kong stocks crumbled more than five percent on Tuesday, making it one of the worst performers on a painful day for Asian markets after a record-breaking collapse on Wall Street fuelled by concerns over rising US interest rates.

Chinese firm secures $42.5 million loan for Enugu project

“We wanted to bring the project with our own funds to a certain level before the Chinese come in, so that they don’t start from scratch and also, for them to know that we are very serious. We have finally tied up everything on this visit,” she said.

Chinese bank approves $42.5m loan for Enugu housing scheme

Chinese biggest bank, the Industrial and Commercial Bank of China, ICBC, has approved $42.5 million loan for a multi housing development scheme, HELIU residences in Enugu.

Recent Stories

140 IPOB members arraigned for allegedly plotting to overthrow President Buhari

An Enugu East Magistrates Court presided by Magistrate A. N. Chioke has remanded 140 members of the proscribed Indigenous Peoples of Biafra (IPOB) over an alleged treason.

Federal government disburses $22.216 million on Tradermoni, other empowerment schemes

Part of recovered looted funds of late Head of state, Gen. Sani Abacha, was expended on various empowerment initiatives of the government, Senior Special Adviser to the President on Social Investments, Maryam Uwais, disclosed in on Thursday
President Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.

President Buhari congratulates India’s Narendra Modi on election victory

President Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.

N2 billion fraud: Court revokes bail, orders arrest of ex-Governor Aliyu

Justice A. B. Aliyu of the Federal High Court in Minna, Niger State on Thursday revoked the bail granted to the former Niger State Governor Babangida Aliyu and the former state governorship candidate of the Peoples Democratic Party (PDP), Alhaji Umar Gado Nasko.
Nigerian National Petroleum Corporation (NNPC)

NNPC recruitment: Applicants to undergo computer-based test

The Nigerian National Petroleum Corporation (NNPC) has revealed that the third phase of its ongoing recruitment exercise will involve a computer-based test, which comes up on June 1.