Business & Economy (Page 4)

  By our Correspondent The China Mining Federation of Nigeria has dismissed allegations of Chinese infiltration, illegal mining and terrorism financing within Nigeria’s solid minerals sector. The Federation described the claims as false and misleading. In a statement issued to newsmen on Tuesday in Abuja by the Federation, it faultedContinue Reading

  By He Yin, People’s Daily The recent Central Economic Work Conference, held recently in Beijing, reviewed and analyzed China’s economic performance for this year and outlined key policy measures for the upcoming year. This conference not only set the course for China’s economic development but also provided the worldContinue Reading

  China’s auto industry has sustained a sound growth momentum as auto output and sales have both exceeded 31 million units in the first 11 months of the year, official data showed Thursday. During the January-November period, China’s auto production increased 11.9 percent year on year to over 31.23 millionContinue Reading

  Uganda National Oil Company (UNOC) has discovered nine oilfields under the “Kasuruban” project, which is believed to contain significant hypothetical reserves. UNOC reported the discovery on social media. “Early geological assessments indicate encouraging signs, warranting further detailed studies to determine the actual quantity and commercial viability of these prospects,”Continue Reading

  By Lawal Sale President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) to coordinate the rollout of recently enacted tax laws and advance the administration’s economic reform agenda. According to a statement by Bayo Onanuga, Special Adviser to the President on InformationContinue Reading

  Niger’s President Abdourahamane Tiani has announced the transfer of a number of companies operating in the uranium and gold mining industries to state control. The head of state made the statement during his visit to the city of Agadez. Addressing thousands of local residents at a rally, Tiani declaredContinue Reading

  Russian company Rusal, one of the world’s largest aluminium producers, has signed a memorandum of understanding with Ethiopia’s sovereign wealth fund, Ethiopian Investment Holdings (EIH), to construct a major aluminium production plant in the country. The information was released in an EIH statement. The signing took place during aContinue Reading

  Source: Xinhua Hand-painted mandalas, ornaments widely used in Nepalese art, hung on the walls of a booth at the ongoing China International Import Expo (CIIE) in east China’s Shanghai, shimmering in gold and sapphire hues. “This is our first time participating in this exhibition,” said Rabindra Kumar Shrestha, ownerContinue Reading

  Source: Xinhua Investors around the world have once again flocked to the China International Import Expo (CIIE), experiencing the opportunities created by China’s vast and open market at the ongoing eighth edition of the event.   Amid the buzz of this CIIE, Joy Wing Mau Chile Spa has drawnContinue Reading