In major ports along China’s southeast coast, Chinese-made electric vehicles roll nonstop onto car-carrier ships bound for every corner of the globe. But for China’s new energy vehicle (NEV) industry, loading containers is no longer the endgame — it is merely the first step. Now the world’s largest NEVContinue Reading
–– says expenditure controls prevented PEAC/PFIPC funds from becoming public spending By Our Correspondent The Budget Office of the Federation has declared that the said ₦1.3 billion appropriated by the National Assembly for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC) never became public expenditure, asContinue Reading
International benchmark Brent crude rose to the highest level in two months, reaching 100 U.S. dollars per barrel on Thursday morning after two Saudi oil tankers were hit in the Red Sea. Brent crude for September delivery climbed to 100.28 dollars per barrel on the London ICE Futures Exchange, upContinue Reading
Former President Goodluck Jonathan has said Nigeria’s oil and gas local content reforms were inspired by China’s success in developing indigenous capacity in its petroleum industry. According to a statement, Jonathan said this on Monday at the Nigerian Content Tower in Yenagoa during the SweetCrude Dialogue 2026, where he reflectedContinue Reading
China’s domestically developed large passenger aircraft, the C919, will begin its international service on Aug. 12, Air China has announced. The route operated by Air China will connect Beijing and Ulaanbaatar, the capital of Mongolia, with one round-trip flight per day. The outbound flight departs from Beijing Capital International AirportContinue Reading
Amid mounting uncertainty in the global economy stemming from geopolitical tensions, trade frictions and slowing growth, the train of the Chinese economy has kept moving forward and upgrading along the way, reinforcing its role as a key anchor of stability for the global economy. The world’s second-largest economy hasContinue Reading
The Minister of Power, Joseph Olasunkanmi Tegbe, has inaugurated a nine-member inter-agency committee to address implementation issues surrounding Nigeria’s transition to a decentralised electricity market, describing the reform as one of the most significant changes in the country’s power sector in decades. The committee, chaired by Tegbe in hisContinue Reading
China’s gross domestic product (GDP) grew 4.7 percent year on year in the first half of 2026, data from the National Bureau of Statistics (NBS) showed Wednesday. The world’s second-largest economy generated around 69.57 trillion yuan (about 10.25 trillion U.S. dollars) in output during the period, the data showed.Continue Reading
Hong Kong — Christopher Hui, secretary for financial services and the treasury of China’s Hong Kong Special Administrative Region (HKSAR) government, on Monday signed a comprehensive avoidance of double taxation agreement (CDTA) with Nigeria on behalf of the HKSAR government at an online bilateral meeting. The agreement sets outContinue Reading
Global Times On Shanghai’s bustling Huaihai Road, foreign shoppers weave through the TX shopping mall, a well-known hub for streetwear brands, where local labels are suddenly in the spotlight. Inside, several homegrown fashion stores are drawing strong overseas attention. In Beijing’s China World Mall, foreign shoppers are making bigContinue Reading
