Most Recent World News

China-Africa cooperation sets a fine example of South-South cooperation

The defining feature of China-Africa cooperation is sincerity and equality. China and Africa are closely bound by their similar historical experience, common aspirations for the future, and shared commitment to.

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Nigeria’s foreign reserves decline by $2.3bn in 11 weeks

There are concerns over the steady decline of Nigeria’s foreign reserves since the last three months despite the rise in oil prices and accruals from foreign bonds issuance. Findings showed.

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China to import more soybean from Ethiopia to make up for a pause in US shipments

China will start allowing soybean imports from Ethiopia, customs authorities said on Friday, as the world’s top importer seeks to reduce its reliance on supplies of the oilseed from the.

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Nigerian Federal Government Secures $500m EXIM Bank Loan for Modular Refineries

The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement.

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Botswana says China agreed to extend loan, cancel debt

China has agreed to extend a loan to Botswana for rail and road infrastructure as well as writing off some debt, Botswana’s President Mokgweetsi Masisi said on Saturday. Speaking at.

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Central Bank of Nigeria injects $303m, CNY 46.58m into forex market

The Central Bank of Nigeria, on Friday, injected the sum $303.91m into the interbank retail Secondary Market Intervention Sales segment of the foreign exchange market. The CBN said in a.

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ITFC inks $3bn Egypt commodities funding deal

The International Islamic Trade Finance Corporation (ITFC) has signed $3-billion framework agreements with the Egyptian government ,represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply.

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Nigeria: Tizeti Secures $3 Million Funding to Expand Operations

Tizeti and its consumer facing brand, Nigerian ISP start-up, Wifi.com.ng has closed a Series A round of $3 million, led by 4DX Ventures with participation from existing investors Y Combinator.

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Chinese I.T giant to establish West Africa headquarters in Ghana

China’s leading cloud computing company, which also happens to be the no. 2 company in China’s Information Technology industry, Inspur Group Co. Ltd, has chosen Ghana as its preferred destination.

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Oil price below $65 unfavourable for Nigeria – Kachikwu

Nigeria’s minister of State for Petroleum Resources, Ibe Kachikwu, has said that Brent crude oil price below a $65 mark will be rough for Africa’s largest economy thus, expects the.

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