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Farooq

Posts Tagged "China"

HomePosts Tagged "China"
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    admin
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Chinese authority says plans are in the pipeline to ban the production and sale of diesel and petrol cars and vans. The country’s Vice Industry Minister Xin Guobin, said the plan had started with “relevant research” but that it had not yet decided when the ban would come into force. Guobin told the China’s official […]

President, China Chamber of Commerce in Nigeria (CCCN), Ye Shuijin, who spoke on behalf of the Chinese Government, however argued that most of the substandard goods were not made in China, but were erroneously believed to be Chinese products. According to him, the Chamber and the Standards Organisation have reached an agreement previously, to check the […]

China’s forex reserves, the biggest in the world, rose for the third month in a row in April, signalling eased capital flight pressure, central bank data showed Sunday. The  reserves climbed to $3.0295 trillion  at the end of April from $3.0091 trillion  a month earlier, according to statistics from the People’s Bank of China. This […]

ABUJA, April 26 (Reuters) – Nigerian President Muhammadu Buhari is seeking approval from parliament for a proposal to borrow $5.85 billion from China to modernise the country’s rail network. Growth in Nigeria – an OPEC member whose economy, the largest in Africa, has been hammered by low oil prices – has been stunted for decades […]

Okezie Ikpeazu, Abia state governor, has secured a $1.5bn deal for the establishment of a shoe industry in Aba from Huajian Shoe Industry in Dongguan, Guangzhou, China. Enyinnaya Appolos, chief press secretary of the governor, disclosed this in a statement on Sunday. According to him, Ikpeazu secured the deal at a meeting with Zhang Huarong, […]

ABUJA, April 4 (Reuters) – China has offered Nigeria a $4.5 billion loan for agricultural machinery and infrastructure, a Nigerian state governor said on Tuesday. Zamfara state governer Abdulaziz Yari said the loan had a 20-year repayment period at an interest rate of 1 percent. “China is giving us a credit line of $4.5 billion […]

ABUJA, March 22 (Reuters) – Nigeria has awarded a $1.79 billion contract to a Chinese state-owned firm for work on the second phase of Abuja’s mass transit railway, the capital city’s minister said on Wednesday. The three-year management contract is the latest in a series of infrastructure projects won by China Civil Engineering Construction Corp […]

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    Alex Ikechukwu
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China’s central bank governor said Friday the yuan should be “relatively stable” this year after losing seven percent of its value in 2016 amid accusations by US President Donald Trump of currency manipulation. People’s Bank of China Governor Zhou Xiaochuan said the world’s number-two economy was expected to stabilise after posting its slowest growth in […]

The naira on Wednesday depreciated sharply to N465 per dollar in the parallel market due to upsurge in demand for dollars importers travelling to China. Investigations revealed that the parallel market exchange rate rose from N448 per dollar on Tuesday to close at N465 per dollar at the close of business on Wednesday, indicating N17 […]

China’s foreign exchange reserves unexpectedly rose for the first time in eight months in February, rebounding above $3 trillion as a regulatory crackdown and weakness in the dollar helped staunch capital outflows. Reserves rose $6.92 billion in February to total $3.005 trillion, their first increase since June 2016, compared with a drop of $12.3 billion […]