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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.

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Pope Francis arrives to address the Synod of Bishops, focusing on Young People, the Faith and Vocational Discernment, on October 3, 2018 at the Vatican. - AFP PHOTO - Andreas SOLARO

Pope Francis to visit Bulgaria, Macedonia in May

Pope Francis plans to visit Bulgaria and Macedonia from May, the Vatican spokesman, Greg Burke, said on Thursday.

EFCC files 59 charges against Doyin Okupe over alleged N120 million fraud

Following his inability to return N120m allegedly received from the Office of the National Security Adviser, the Economic and Financial Crimes Commission, has filed 59 charges against a former Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe.

NECA tasks federal government on implementation of minimum wage by January 2019

The Nigeria Employers’ Consultative Association says Federal Government must conclude all legal processes for the implementation of the 30,000 minimum wage before Dec. 31, to ensure its implementation by January 1, 2019.

Federal government says $4.2 billion of textiles, garments imported or smuggled into Nigeria annually

The Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, said the cumulative value of textiles and garments imported or smuggled into the country annually was estimated at 4.2 billion dollars.
National Sports Festival in Abuja

National Sports Festival: Biased officiating worry athletes, spectators

Some athletes and spectators at the ongoing 19th National Sports Festival (NSF) in Abuja say they are getting worried at the quality and performance of those officiating at the competition.