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
Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said that if Nigeria is determined to attract Foreign Direct Investments (FDI), it must start with creation of the right environment and appropriate fiscal incentives to out-compete current preferred destinations of foreign capital such as China, India, Vietnam, among others. Chukwu said that Foreign Direct Investors will go to a Read More
Nigeria said it will not wait any longer for the Export-Import Bank of China to finance a major part of a crucial railway project in Africa’s biggest economy. The government received from the state-owned lender only about 15 per cent of the funding required for a line originally estimated to cost $8.3 billion that will link the commercial hub of Read More
President Muhammadu Buhari has revealed that the much-talked about foreign loans especially from China has helped in the execution of key infrastructural projects in parts of Nigeria. This was part of the disclosure by the President when he was interviewed by Channels Television recently. Take a look.
Stakeholders in the Nigerian media industry have raised the alarm over what they termed that “infiltration of Chinese ideological agenda in the Nigerian media space.” They raised the alarm Friday in Abuja at a training workshop for journalists organised as part of the unveiling of a literacy guidebook designed to train journalists on spotting and countering authoritarian exports in Nigerian Read More
The Debt Management Office (DMO)has clarified that loans from China to Nigeria, which presently stood at $3.59bn, constitutes only 9.4 per cent of the country’s total foreign debt stock of $37.9bn. The director-general of DMO, Ms Patience Oniha, stated this in an interview Saturday in Abuja. She also clarified that the loans were largely concessional, as no national asset was Read More
Concerned about insecurity in the country, China has offered to send a high-level delegation of criminal investigation experts to meet with Nigerian security agencies. Chinese Ambassador to Nigeria, Cui Jianchun stated this Wednesday in Abuja while speaking to journalists on the sideline of the October 1, China-Nigeria friendship award to students of the Ahmadu Bello University, Zaria. Mr Cui said Read More
This opinion is coming on the heels of the United States’ preparation to host more than 100 participants in the initial “Summit for Democracy” from 9-10 December 2021. World leaders, along with civil society and private-sector representatives will meet virtually in “renewing democracy in the United States and around the world”. According to James M. Goldgeier and Bruce W. Jentleson Read More
The president of the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN), Comrade John Adaji, Thursday called on the Nigeria Customs Service to intensify efforts to check smuggling and dumping of sub-standard goods from China into Nigeria. He said the practice has crippled local industries. Speaking at an education conference in Minna, he said, “The Nigeria Customs Read More
From November 29th to 30th, the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) will be held in Dakar,Senegal (the current African co-chair of the FOCAC). In the face of changes and a global pandemic unseen in a century, ministerial officials from Nigeria, China and other 54 FOCAC members, including the African Union Commission, will overcome difficulties to Read More
The 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) will hold in the Senegalese capital, Dakar, on November 29-30, 2021. The 21-year-old cooperation mechanism between Africa and China founded at the turn of the century has become a model of international cooperation famous for delivering measurable, tangible and practical outcomes even with less bureaucracy and glamour. The theme Read More
In the preamble of the charter of the United Nations, it affirmed its determination ” to save the succeeding generations from the scourge of war, which has twice in our lifetime has brought untold sorrow to mankind”. it is there fore no doubt that as the foremost world multilateral fora, the U.N primary business is to enhance peace and promotes Read More
As part of its expansion efforts, Mangal industries has signed an agreement with a Chinese firm Sinoma for the construction of three million metric tons per year Cement Plant and fifty megawatts captive power plant in Moba, Kogi state. The project is agreed to be completed in early 2024. A statement by the firm’s chief executive, Engr. Fahad Mangal, released Read More
A former Senate President, Dr Iyorchia Ayu, from Benue state, North Central Nigeria has emerged as the Peoples Democratic Party (PDP) National Chairman-Elect. Ayu was declared National winner after 3, 426 delegates affirmed his unopposed position at the party’s convention in Abuja. The outcome of the election was announced in the early hours of Sunday. Similarly, Senator Samuel Anyanwu, from Read More
Five decades ago, the United Nations General Assembly (UNGA) voted to restore all lawful rights of the People’s Republic of China (PRC) in the United Nations, opening a new era of interaction between the Asian country and the world body. Over the past 50 years, China has offered full support for the UN cause by upholding the purposes and principles Read More
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