Tag: China

China’s central bank declares all cryptocurrency-related transactions ‘illegal’

China’s central bank has on Friday declared all cryptocurrency transactions illegal.  With this directive, banks and investors in the country are banned from operating in crypto exchanges.  The new development, which is a continuation of China’s clampdown on cryptocurrency, has been partly responsible for the fluctuations of cryptocurrencies in the[Read More…]

China in talks with Nigeria to set up Chinese banks in Nigeria – Ambassador

The Chinese Ambassador to Nigeria, Cui Jianchun, has revealed that China is working towards establishing Chinese-owned banks in Nigeria. Mr Jianchun made this known in Abuja while addressing journalists during the commemoration of the 2021 Chinese Moon Festival and China-Nigeria Cultural week on Tuesday. He said he had been in[Read More…]

Buhari hails China for providing infrastructural support

President Muhammadu Buhari has praised China for providing assistance for Nigeria in the areas of infrastructure and defence. He disclosed this on Wednesday after he held a meeting with Mr Wang Yi, the State Councillor and Foreign Minister of the People’s Republic of China on Tuesday. Buhari noted that there[Read More…]

Chinese Government says suspension of Nigerians’ entry into China is temporary

The Chargé D’Affaires of the Chinese Embassy in Nigeria, Mr. Zhao Yong, said the suspension of entry into China for Nigerians and other nationals is temporary. Mr. Yong stated this on Saturday, when he honored an invitation by Minister of Foreign Affairs, Geoffrey Onyeama, to clarify how the new Chinese[Read More…]

COVID-19: Chinese authorities temporarily suspend Nigerians entry into China

The Chinese authorities have temporarily suspended entry into China by Nigerians and other nationals in Nigeria holding valid Chinese visas or residence permits due to the COVID-19 pandemic. United Kingdom, Belgium, Luxembourg, Philippines and a few others were also affected by the policy. It was gathered that the decision was[Read More…]

President Buhari writes to President Xi Jinping of China

President Muhammadu Buhari has expressed delight that the bond of friendship between Nigeria and The People’s Republic of China has continued to strengthen. The President, in a letter of felicitation with President Xi Jinping on the occasion of the 71st Anniversary of the proclamation of the Republic of China, and[Read More…]

$500 Million loan: China has no plan to take over Nigeria’s sovereignty – Chinese Government

The Chinese foreign ministry has responded to the probe of Chinese loans by the federal house of representatives saying there’s no clause in the $500 million loan it gave to Nigeria that include taking over its sovereignty. The House of Representatives had in the probe of Chinese loans to Nigeria[Read More…]

House of Reps Move To Investigate China/Nigeria Loans

The House of Representatives has resolved to set up an investigation committee to look into all extant China/Nigeria loan agreements since 2000. With a view to ascertaining their viability, regularising and renegotiating them. This was sequel to a unanimous adoption of a motion by Rep, Ben Igbakpa (PDP-Delta) at the[Read More…]

FG To Evacuate Nigerians In China Over Maltreatment

Nigerians resident in Guangzhou, Guangdong Province of China, will soon be evacuated after investigation confirmed that they are being maltreated. Foreign Affairs Minister Geoffrey Onyeama, stated this on Friday in Abuja. The minister, while briefing the media, said that the decision became necessary “following new revelations over the situation after speaking[Read More…]

Buhari says Nigeria stands in solidarity with China as Coronavirus kills over 200 persons

STATE HOUSE PRESS RELEASE NIGERIA STANDS BY CHINA IN THIS DIFFICULT MOMENT President Muhammadu Buhari extends his good wishes to President Xi Jinping and citizens of the People’s Republic of China during this trying time. China’s efforts to contain the spread of the coronavirus have been exemplary, as well as[Read More…]