Tag: China

Nigeria, China trade hits $15.48bn in H1’25

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Compared to the same time in 2024 (H1’24), the amount of commerce between Nigeria and China grew by 34.7% to $15.48 billion between January and July 2025 (H1’25). This was revealed by Yan Yuqing, China’s consul general in Lagos, at a reception honouring the Mid-Autumn Festival, Nigeria’s 64th anniversary of independence, and China’s 76th anniversary of establishment. During the 2024 Forum on China-Africa Cooperation summit, Yuqing announced that Nigeria is now China’s second-largest trading partner in Africa. He credited the increase in trade to the upgrading of bilateral relations to…

400,000 Evacuated by China as Super Typhoon Hits Philippines

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As Super Typhoon Ragasa continued on its collision path with southern China on Monday, inhabitants of the northern Philippines sought cover from gale-force winds, and the Chinese city of Shenzhen started preparations to evacuate 400,000 people. According to the Philippine weather service, the typhoon hit the Philippines at 3:00 pm (0700 GMT) on Calayan Island, which is a part of the sparsely populated Babuyan group. The national weather service said that the storm’s center had maximum sustained winds of 215 kilometers per hour (134 mph) as of 5:00 pm (0900…

China Accuses US Chipmaker Nvidia of Violating Antitrust Law

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Just as trade negotiations between Beijing and Washington began their second day, China announced Monday that an investigation had revealed that US chip maker Nvidia had violated the nation’s antitrust laws and promised another investigation. Beijing, which declared the probe in December, is presently involved in a fierce struggle with the US for leadership in the vital semiconductor industry. The State Administration for Market Regulation, Beijing’s leading market watchdog, claimed in a statement that NVIDIA Corporation had broken the Anti-Monopoly Law of the People’s Republic of China after a preliminary…

APC: China’s Acceptance of Naira Is an Economic Boost for Nigeria

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2027 Election: APC Responsible For Divisions, Crisis Within Opposition Parties – NNPP Alleges

China’s decision to accept Nigerian Naira for transactions has been hailed by the Lagos State Chapter of the All Progressives Congress  APC as a significant step in the nation’s economic diplomacy and a boost to President Bola Tinubu’s recovery efforts. Seye Oladejo, the party’s spokesperson, said in a statement released on Monday that the policy will immediately alleviate entrepreneurs, importers, and manufacturers by reducing Nigeria’s excessive reliance on the US dollar for international trade. He claims that the action will boost the Naira, lessen pressure on the foreign exchange market,…