By – Lawal Sale The Senate on Wednesday confirmed Joseph Tegbe as the new Minister of Power, following a successful screening during a plenary. His confirmation came after extensive deliberations by the Senate Committee of the whole. Responding to questions on Nigeria’s protracted power crisis, Tegbe expressed confidence thatContinue Reading
OPEC said in a communique on Sunday that seven OPEC+ countries decided to increase their oil production cap by 188,000 barrels per day in June, in response to the withdrawal of the United Arab Emirates from the bloc. The seven countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, AlgeriaContinue Reading
BRNN/GSF— Qiaotou town in Yongjia county, Wenzhou city, east China’s Zhejiang Province is known as “China’s button capital.” Now 79, Wang Suinai was one of the earliest pioneers of the town’s button trade and a living witness to more than four decades of the button industry’s development. In theContinue Reading
BRNN/GSF– China’s economy got off to a solid start in the first quarter of the year, with GDP expanding 5.0 percent year on year. Across the board, key indicators showed encouraging performance. Four keywords shed light on the quality and underlying strength of the country’s first-quarter economic performance. SteadyContinue Reading
BRNN/GSF– A national conference on the service sector has recently been held in Beijing. Against the backdrop of slowing global economic growth and profound shifts in global trade patterns, China is working to open new prospects for the high-quality development of its service sector. This strategic push not onlyContinue Reading
(Xinhua) — China’s total installed power generation capacity reached 3.96 billion kilowatts by the end of March 2026, up 15.5 percent year on year, the National Energy Administration said on Thursday. Solar power continued its rapid expansion, with capacity soaring 31.3 percent to 1.24 billion kW. Wind power alsoContinue Reading
Chinese President Xi Jinping has called for broader study and application of the development experience of Yiwu, a city in Zhejiang Province, highlighting it as a successful model for local economic growth. He emphasized that Yiwu’s rise through its small commodities market demonstrates how regions can develop industries suitedContinue Reading
China will reduce retail prices of gasoline and diesel from Wednesday to reflect recent changes in international oil prices, the country’s top economic planner said on Tuesday. Gasoline prices will be cut by 555 yuan (about 80.91 U.S. dollars) per tonne, and diesel prices will drop by 530 yuanContinue Reading
BRICS nations accounted for 39.2% of global GDP last year, marking the highest level in the bloc’s history, according to Sputnik’s analysis of International Monetary Fund data. This places BRICS nearly 11 percentage points ahead of the G7, whose share declined to 28.3% for the first time. The gapContinue Reading
PHOTO NEWS: Jointly hosted by China’s Ministry of Commerce and the Hainan provincial government, the sixth China International Consumer Products Expo (CICPE) marks the first edition of the event since the Hainan Free Trade Port fully launched island-wide special customs operations. This year, the expo has attracted overContinue Reading
