Nigeria U-20 Women’s football team, Falconets have been drawn in Group D of the FIFA World Cup billed for France later this year. The Falconets will battle Haiti, China PR and Germany to make it to the knockout stages of the competition which begins August 5, 2018. The draw for […]
Authorities were trying to assess the environmental impact of oil that’s on fire in the East China Sea after an Iranian tanker sank and caused an oil spill that covered about 4 square miles. The Sanchi was carrying 1 million barrels of condensate, a highly flammable type of light oil, […]
Breaking news out of China might not be good for Apple as there are claims the iPhone 8 battery might have swelling problems when charged. According to Reuters, Apple Inc’s new iPhone 8 pops open due to a swollen battery has been reported in state media in China, the world’s […]
S&P Global Ratings has just downgraded China, the world’s second-largest economy from AA+ to AA-. In a swift response, China has rejected S&P Global Ratings’ latest opinion that the rating agency’s position is out of touch with the reality on the ground. To back its position S&P said China’s ‘prolonged […]
China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities. The signing took place in Rome […]
The Peoples Bank of China, PBOC said all initial coin offering, ICOs in China must be stopped immediately. The PBOC said many ICOs are used to finance illegal activities as well as money laundering and criminal organizations that are hard to track by law enforcement agencies. This development is a […]
Ford Motor Company has appointed Jason Luo as chairman and CEO of Ford China. In his new role, Jason Luo will lead all of the company’s operations in Greater China including its import business, Lincoln, its passenger car joint venture Changan Ford, commercial vehicle investment in Jiangling Motors Corporation, and […]
According to McKinsey’s latest report, there are about 613 Chinese firms doing business in Nigeria but not properly registered by Nigeria’s trade and tax authorities. Mckinsey claimed in in its report that about 930 Chinese firms plying their trade in Nigeria, as against the 317 firms documented by the Chinese […]
Government of China has issued a restriction on overseas investment in sectors such as real estate, hotels, entertainment, sport clubs in a bid to encourage local investment. The State Council released a guideline to promote healthy growth of overseas investment and prevent risks. According to the report, the guideline intends […]
New owners of Southampton FC Gao Jisheng are said to have received loans from a Chinese government-backed bank in Hong Kong for funding of U257 million takeover of the English club. The Chinese businessman Jisheng Gao and his family bought 80% stake in the club. This was contained in an […]