Nigeria and Kenya are likely to hike interest rates by a modest 50 basis points in the coming days after months of heavy lifting from other African central banks to try to calm rampant inflation, a Reuters poll found, while Ghana will hold fire. This week’s benchmark interest rate decisions remain a very close call without any clear majority by Read More
In early 2017, the federal government of Nigeria took a definitive stand in response to the Taiwan question of the People’s Republic of China and reaffirmed her long standing “One China policy” which leaves no ambiguity that there is only but One China in the world and Taiwan is an inalienable part of China. Speaking at a joint press conference Read More
The veritable pedigree of China-Africa relations incepted not on the principles of financial lending, but the principle of mutual respect, solidarity and rejection of global imperialism, colonialism and domination of all kinds against humanity. This was developed at the Bandung Conference where the legendary Chairman Mao made this clear that the developing countries of Africa and Asia have the same Read More
It has been 32 years since the China armed forces, the People’s Liberation Army (PLA) first participated in the United Nations peacekeeping operations. The distinct characteristic of China’s development has been its peaceful trajectories. Not only is peace cherished by the Chinese in their long history but they generally considered peace in the modern times as the prerequisite and guarantee Read More
It is inherently created by universal natural law the composition of people of common history, language, identity and geography to be one people except divided by war, colonialism or Western influence. The Chinese are one people in all ramifications only historical obstructions that brought about the divide in geographical settling. Albeit in such obstructions, the Chinese government spares no efforts Read More
September 3, 2022 marks the 77th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. On this very day, the official website of the Chinese People’s Liberation Army (PLA) releases a promotional video to demonstrate to the world that the Chinese PLA has always been a staunch force in protecting Read More
The Chinese government has announced its plans to absolve 23 interest-free loans to 17 African countries. Though China has failed to mention the countries in its waiver list, it revealed also its plan to provide food assistance to struggling nations. The Debt Management Office (DMO) revealed recently that Nigeria’s borrowing from China as of September 2021 accumulated to 89.94 per Read More
The whirlwind visit of the U.S House speaker, 82 year-old Nancy Pelosi to Taiwan despite protestations from Beijing have raised fresh concerns about how the world’s most important bilateral relations between the People’s Republic of China and the United States of America is managed. In the maniacal visit, the United States undermined the foundations of its diplomatic relations with China, Read More
The Nigerian Ambassador to the People’s Republic of China, Baba Ahmad Jidda, has commended the governments of China and Nigeria for deepening bilateral ties between both countries through the approval of Air Peace’s scheduled, commercial flights to Guangzhou-China, which commenced July 13, 2022. The diplomat also called on the Chinese government to relax the travel restrictions for Nigerians willing to Read More
The Chinese Ambassador to Nigeria, Mr. Cui Jianchun, on Friday engaged with the Bauchi state government and the business community including local and national investors for bilateral assistance from the Republic of China to Bauchi state. Speaking during the bilateral discussions held at the Banquet Hall, Government House, Bauchi, Mr. Jianchun said the Chinese government was ready to assist Nigeria Read More
China’s main transport and trading hub, Guangzhou has received the inaugural flight by any Nigeria airline, an Air Peace Boeing 777 aircraft with 240 passengers onboard to connect the two countries in continuation of their bilateral trade and travel relation. The flight from the new international terminal of the Murtala Muhammed Airport in Lagos was heralded by fun fair by Read More
The dependency conceptual debate and African underdevelopment historiography cannot be punditry dealt with without discourses on third world’s debt, debt crisis and debt relief. If there was any major factor that instigated stunted growth for Africa it was first the issue of debt and debt crisis. It suffices to recall the imposition of $59 billion external debt contracted by the Read More
Escalating pockets of regional tensions and their impacts beyond the immediate center of conflict is generating and inflaming security threats across countries. For example, the immediate consequences of the collapse of the Colonel Muammar Ghadaffi government in Libya is the flow of light weapons and military instructors which has feed insurgencies in the Sahel in West Africa, with Nigeria as Read More
New Material Nigeria Company Limited a member of the China National Building Materials Group (CNBM) has introduced a new product known as Fiber Cement Board into the Nigerian market with its factory situated in the Federal Capital Territory, Abuja. Briefing reporters on the new material in their office in Kuje, the Managing Director of the firm, Mr. Jackie Daiyui, disclosed Read More
New Material Nigeria Company Limited a member of the China National Building Materials Group (CNBM) has introduced a new product known as Fiber Cement Board into the Nigerian market with its factory situated in the Federal Capital Territory, Abuja. Briefing reporters on the new material in their office in Kuje, the Managing Director of the firm, Mr. Jackie Daiyui, disclosed Read More
A Chinese affiliated hacker group is targeting Russians using malware disguised as legitimate documents and downloads, cyber security experts have claimed. China’s alleged actions against Russia is another twist in the complex relationship between the two countries. Presently, China has not condemned Russia for its military actions in Ukraine – but they are reportedly altering their cyber position in response Read More
Chinese lending to African governments fell to a 16-year low in 2020 as the impact of the coronavirus deterred countries on the continent from borrowing. Lending in 2020 fell 78% from a year earlier to $1.9 billion, the lowest since 2004, according to a report by Boston University Global Development Policy Center. “The Covid-19 pandemic significantly constrained the fiscal discretion Read More
Recent history indicates that China abhors war or violence of any kind. Since its brief war against Vietnam in 1979 and border dispute with India for the first time in more than four decades, China has not been at a full-scale war with anyone. Instead, China builds and not bombs. It is building bridges across the multipolar and multicultural world. Read More
Crude oil prices started the week with a decline in response to the start of a lockdown in Shanghai due to the high number of Covid infections, rekindling concern about the loss of oil demand in the world’s largest importer. Yesterday morning, Brent crude had slipped to $112 per barrel, Reuters reported earlier today, before rebounding somewhat. On the other Read More
Chinese President Xi Jinping “always puts the people at the center of his heart,” said Cambodian King Norodom Sihamoni in an interview with People’s Daily after attending the opening ceremony of the 2022 Winter Olympics in Beijing at the invitation of Xi. “President Xi is a man of the future, a great statesman and philosopher who has a far-reaching vision Read More
This year marks the 20th anniversary of the founding of the African Union (AU). Recently, Chinese President Xi Jinping extended his warm congratulations to African countries and people in a congratulatory message to the AU Summit, which mirrored the unbreakable and everlasting friendship between China and Africa. The AU, as a successor of the Organization of African Unity founded in Read More
Report reaching Blueprint indicates that a Boeing 737 carrying more than 133 people has crashed in mountains in China, with smoke seen billowing from the scene. Chinese state television says the plane, flying from Kunming to Guangzhou, had an “accident” over Guangxi. The China Eastern Airlines flight had 133 passengers onboard at the time of the incident. It is unknown Read More
From 2023, the federal government, under seven elected presidents would require no fewer than 24 years to pay off the $3,593.42 billion loans Nigeria currently owes the China Exim Bank, majority of which life span ranges from a minimum of five to maximum of 20 years. However, the terminal date for the repayment of the bulk of the debts would Read More
For a long time, the U.S has perched unassailably on the top of the totem pole of global leadership and economic power. However, that has come under serious challenge with countries like China materializing onto the scene much to global consternation. Interestingly, Arvind Subramanian predicted that by 2030 “relative U.S decline will have yielded not a multipolar world but an Read More
The Project Manager, China Global Company Nigeria Limited, Mr. Chen Xian, contractor handling the Bida-Lapai-Lambata highway, has assured that the project would be completed and delivered by December, 2022. Xian spoke over the weekend when the Director Highways, Construction and Rehabilitation, Federal Ministry of Works and Housing, Engr. Folorunso Esan, visited the project site. He revealed that the federal government Read More
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