China Archives — City Business News

May 21, 2025 No Responses

NLNG Boss In China, Seeks Gas Development Diversity

The Managing Director/ Chief Executive Officer, NLNG, Philip Mshelbila, has reiterated call for diversity of gas development globally.The NLNG boss spoke at the 29th World Gas Conference (WGC2025) in Beijing, China, contributing to a high-level conversation on “The Diversity of...

May 19, 2025 No Responses

China To Build Electric Vehicles Factories In Nigeria

The Chinese Ambassador to Nigeria, Yu Dunhai, has reaffirmed China’s commitment to deepening bilateral cooperation with Nigeria, particularly in the solid minerals sector, through the establishment of electric vehicle (EV) factories and increased industrial ...

April 10, 2025 No Responses

Okonjo-Iweala: Tariff War Could Cut US-China Goods Trade By 80%

Director General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, said Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 percent, pulling down the rest of the world economy. President Donald Trump raise...

April 8, 2025 No Responses

Trump Threatens 50% Tariffs On China

US President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing did not withdraw its retaliation plans, adding that Washington would begin talks with other countries that want negotiations. The fresh action would stack o...

January 10, 2025 No Responses

Tinubu Seeks Increase In China-Nigeria Currency Swap

President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of...

September 14, 2024 No Responses

CIG Motors To Train 25 YABATECH Students In China

CIG Motors Nigeria has announced plans to sponsor 25 Yaba College of Technology (YABATECH) students to China for 18-month automotive training programme. Speaking at the just concluded two-day programme aimed at equipping young Nigerians with career ...

September 10, 2024 No Responses

Nigeria,CCECC, Sinomach Sign $1b MoU For Iron Ore-To-Steel Project

The Nigerian Government has signed a Memorandum of Understanding (MoU) with China Civil Engineering Construction Corporation (CCECC) and Sinomach-He, for a $1 billion (N1.6 trillion) iron ore-to-steel project in Kogi State. A statement issued by Bayo Onanuga, ...

September 7, 2024 No Responses

Nigeria, China Sign $3.3b Brass Industrial Park Development Deal

The Federal Government of Nigeria has signed a $3.3 billion agreement with China to develop the Brass Industrial Park and Methanol Complex. A statement issued on Friday by the Ministry of Finance Director, Information and Public Relations, Mohammed Manga, expl...

August 28, 2024 No Responses

Tinubu To Visit China, Hold Talks With Xi Jinping

President Bola Tinubu will hold bilateral talks with his Chinese counterpart Xi Jinping at the Forum on China–Africa Cooperation Summit between September 4 and 6, 2024. Tinubu will visit China to represent the West African bloc ECOWAS at the Summit....

August 26, 2024 No Responses

LNG: NNPC Expands Global Market Footprint To Japan, China

In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered...

May 31, 2024 No Responses

Hyundai Orders Six LNG Car Carriers

South Korean logistics company, Hyundai Glovis, part of the Hyundai Motor Group, has ordered six 10,800 CEU LNG dual-fuel pure car and truck carriers (PCTCs) in China. The shipbuilding contract was signed with Guangzhou Shipyard International (GSI), part of Ch...

February 6, 2024 No Responses

SIFAX Group Consortium To Collaborate With FG, LASG On Aviation Development

SIFAX Group and its aviation partner, Changi Airports International from Singapore have opened discussions on strategic collaboration with the Federal Government and Lagos State government to develop the country’s aviation sector. SIFAX Group, through one of...

January 3, 2024 No Responses

BYD Overtakes Tesla As World’s Top Electric Vehicles Maker

US car maker, Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday, January 2, 2024. The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles ...

December 28, 2023 No Responses

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...