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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.
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.
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.
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.
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 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.
“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 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.
Pope Francis plans to visit Bulgaria and Macedonia from May, the Vatican spokesman, Greg Burke, said on Thursday.
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.
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.
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.
Russians on Tuesday paid their last respects to human rights icon Lyudmila Alexeyeva, with President Vladimir Putin expected to attend a memorial ceremony despite the activist’s criticism of his rule.
Lt-Gen. Tukur Buratai, the Chief of Army Staff (COAS), on Monday, lamented that the Boko Haram terrorists group had sustained its criminal activities in the North East, thereby bringing untold hardship, pains and fears upon the citizens, in spite of troops’ sustained operations to promote and protect human rights in the area.
The Debt Management Office says the Federal Government is to auction by subscription bonds worth N70 billion on December 19.
Maoist rebels in the Philippines declared a ceasefire on Friday for the Christmas and New Year holidays, but the government said it would not be fooled into joining the truce.
RB Leipzig manager Ralf Rangnick has stated his uncertainty as regards signing Everton winger Ademola Lookman.