China Archives — Page 5 of 7 — City Business News

September 5, 2018 No Responses

‘Nigeria’s Partnership With China Generates $5b Projects’

Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari...

September 4, 2018 No Responses

Chinese Oil Firm Guarantees Funding For NNPC’s Project As Buhari Attends FOCAC Business Summit

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing funding for the successful financing and subsequent exe...

September 2, 2018 No Responses

Buhari To Sign $328m ICT Agreement In China

President Muhammadu Buhari arrived Beijing Saturday to attend the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) holding September 3 – 4, 2018. During the 6-day official visit of the Nigerian President, he is expected to join his Chinese...

August 23, 2018 No Responses

Geely Records 54 Per Cent Increase In Sales

Geely Automobile Holdings surpassed its top three Japanese rivals to become the third-largest automaker in China after Volkswagen Group and General Motors, helped by models that appeal to the nation’s young consumers. Reporting a 54 percent jump in net i...

June 20, 2018 No Responses

Liberia, China Classification Society Seal Innovation MoU

The Liberian Registry and the China Classification Society (CCS) have agreed a Memorandum of Understanding (MoU) as the latest step in its strategy to collaborate effectively with its long-term key industry stakeholders. Under the terms of the MoU, the Liberia...

June 4, 2018 No Responses

Photo News

The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola; Minister of Federal Capital Territory, Alhaji Muhammad Musa Bello; Minister of Finance, Mrs. Kemi Adeosun; President of China Export Import Bank, Liu Liange; Nigerian Ambassador to China, A...

May 3, 2018 No Responses

China Signs Currency Swap Agreement With Nigeria

China’s central bank said on Thursday it has signed a three-year bilateral currency swap agreement with Nigeria worth 15 billion yuan ($2.36 billion). The People’s Bank of China (PBOC) said on its website the swap deal will facilitate trade and...

April 10, 2018 No Responses

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...

April 1, 2018 No Responses

COSCO Shipping Declares $423.3m Profit In 2017

China’s major COSCO Shipping Holdings delivered improved earnings in 2017 on the back of a broad economic recovery globally and increasing demand for container shipping services. The company informed that profit attributable to its equity holders for the ye...

March 2, 2018 No Responses

China Development Bank, UBA Sign Letter of Intent for $100m Loan Deal To Support SMEs In Africa

United Bank for Africa (UBA) Plc has announced the signing of a letter of intent for $100 million to finance the development of Small and Medium Enterprises (SMEs) in Africa. According to the financial institution, the $100 million loan will...

February 18, 2018 No Responses

China pledges to strengthen bilateral relationships with Nigeria

Mr Li Xuda, the Cultural Counselor, the Chinese Embassy in Nigeria says the 2018 China New Year celebration is dedicated to strengthening bilateral relationships with Nigeria. Xuda spoke with the News Agency of Nigeria on Saturday in Abuja on the...

January 23, 2018 No Responses

Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships

Chinese tanker owner Shanghai Dingheng Shipping has inked a strategic cooperation agreement with local shipbuilders and steel and equipment manufacturers for its plan of constructing 100 ships in the next ten to twenty years. The company’s parent Dinghen...

December 29, 2017 No Responses

NSE emerges one of the top five best performing exchange in 2017

The value of public companies on global stock markets grew by $12.4 trillion in 2017, according to S&P Dow Jones Indices, which included dividends in its calculation. According to CNN, a number of markets even outperformed the U.S. Here’s...

December 25, 2017 No Responses

World’s largest amphibious plane in maiden China flight

The world’s largest amphibious aircraft, China’s AG600, has made a successful one-hour maiden flight. The plane, roughly the size of a Boeing 737 but with four turboprop engines, lifted off from Zhuhai airport in the southern province of Guangdong....