Business & Economy
Tegbe Commissions Two Power Substations Built by Chinese Firm in Lagos
By our Correspondent. The Minister of Power, Joseph Tegbe, during the week commissioned the upgraded Lekki and Alausa substations, adding 272 MW to…
Business & Economy
Business & Economy
Chinese New Energy Vehicles Gain Ground in Italy
(Xinhua/PD/GSF)-- Chinese automakers are rapidly gaining ground in Italy's market of new energy vehicles, driven by competitive prices, expanding model ranges and growing…
Business & Economy
US National Debt tops $40 Trillion for First Time in History
The US national debt has surpassed $40 trillion for the first time in history, according to data released by the Treasury Department on…
Business & Economy
China, Australia Expand Currency Swap Agreement
The People's Bank of China (PBOC) and the Reserve Bank of Australia (RBA) have renewed their bilateral local-currency swap agreement for another five…
Business & Economy
Chinese Yuan Strengthens to 6.7854 Against USD Wednesday
Xinhua The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 51 pips to 6.7854 against the U.S. dollar Wednesday,…
Business & Economy
Budget Office Responds to 2026 U.S. Fiscal Transparency Report on Nigeria
By our Correspondent The Budget Office of the Federation (BOF) has responded to observations contained in the 2026 Fiscal Transparency Report of the United…
Business & Economy
Is the Rapid Growth of China’s Emerging Industries Driven by Industrial Subsidies?
People's Daily/GSF China saw robust exports in electric vehicles (EV), lithium batteries and photovoltaic products, known as the "new three," in the first…
Business & Economy
China’s CPI up 0.5 pct in July
China's consumer price index (CPI), a main gauge of inflation, rose 0.5 percent year on year in July, official data showed Sunday. Consumers…
Business & Economy
China’s PPI up 3.5 pct in July
China's producer price index (PPI), which measures costs for goods at the factory gate, went up 3.5 percent year on year in July,…
Business & Economy
China’s Foreign Trade Expands 19.2 pct in July
China's foreign trade in yuan-denominated terms grew 19.2 percent year on year in July, data from the General Administration of Customs showed on…