China
NNPC selects 26 firms to lift Nigeria’s crude oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis to purchase the commodity from the national oil company. The deal is coming less than a week after the corporation chose 16 oil and gas consortia for its new crude-for-fuel swap contracts for one year starting in August. The contracts, known as Direct Sale, Direct Purchase (DSDP) are high-stakes agreements used to supply nearly all of Nigeria’s petrol needs as well as cover some of its diesel and jet fuel consumption. However, in the fresh crude oil...
World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa
The World Bank says Nigeria is responsible for over 40 percent of diaspora remittances in Sub Saharan Africa (SSA). In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, “Remittances to Sub-Saharan Africa declined by an estimated 12.5 percent in 2020 to $42 billion,” the statement read. “The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, which alone accounted for over 40 percent of remittance flows to the region. “Excluding Nigeria, remittance flows to Sub-Saharan African increased by 2.3 percent. “Remittance growth was reported in Zambia (37 percent), ...
Taiwan says China seeking political gain with Honduras vaccine move
Taiwan condemned China on Wednesday for seeking to use vaccines for political gain after Taipei’s diplomatic ally Honduras said it was considering opening an office in China in a bid to acquire much needed COVID-19 shots. Honduras does not have formal relations with China and is one of a group of Latin American nations that have formal diplomatic ties with Taiwan, which Beijing considers part of its territory. Honduran President Juan Orlando Hernandez said that to buy Chinese vaccines, he would do as the Chinese had suggested and look for a “diplomatic bridge”. read more Several Latin American nations are receiving Chinese vaccines, but countries that have built ties with Taipei rather than Beijing, such as Honduras and Guatemala, are not. Taiwan Foreign Ministry spokeswoman Joanne Ou said...
Washington denies Iran state media report saying prisoner swap agreed
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...
Southeast Asian leaders discuss Myanmar crisis with junta chief
Southeast Asian leaders began a crisis meeting on Myanmar on Saturday aiming to persuade Senior General Min Aung Hlaing, who led the military takeover that sparked turmoil in his country, to forge a path to end the violence. The gathering of leaders of the Association of Southeast Asian Nations (ASEAN) in Jakarta is the first coordinated international effort to ease the crisis in Myanmar, an impoverished country that neighbours China, India and Thailand. Myanmar is part of the 10-nation ASEAN. With participants attending in person despite the pandemic, Indonesia’s Foreign Minister Retno Marsudi said on Friday that the summit reflected the “deep concern about the situation in Myanmar and ASEAN’s determination to help Myanmar get out of this delicate situation”. It’s unusual for the leader o...
Guinea receives purchase of 300,000 Sinovac coronavirus vaccines
Guinea received on Sunday a shipment of 300,000 Sinovac COVID-19 vaccines purchased from China and is also set to receive a donation of 200,000 Sinopharm shots, Guinean Foreign Minister Ibrahima Khalil Kaba said. Kaba gave no further details on the Sinopharm donation. Guinea is reporting 93 new coronavirus infections on average each day, 59% of the peak in March. There have been 21,460 infections and 138 coronavirus-related deaths reported in the country since the pandemic began. The West African country has administered at least 109,296 doses of COVID vaccines so far, according to government data compiled by Reuters. Assuming every person needs two doses, that’s enough to have vaccinated about 0.4% of the country’s population. The World Health Organization will decide late this month or i...
All Chinese schools now have access to internet
Andrew Brookes/Getty Images All Chinese schools now have full access to the Internet, and 95.2 per cent of them are equipped with multi-media classrooms, according to a senior official with China’s Ministry of Education. The country has been constantly accelerating informationisation of teaching, and sees it as underpinning the modernisation of education, said Zhong Denghua, vice minister of the education ministry, at a virtual conference attended by ministers of education on the E9 Digital Learning Initiative jointly held by UNESCO and Bangladesh on April 6. Following the outbreak of the COVID-19 pandemic, online courses thrived across the country as a way to ensure normal teaching activities, said Zhong, adding that nearly 300 million teachers and students had learnt or taught online whi...
Djibouti president set to extend 22-year rule
Djibouti’s President Ismail Omar Guelleh is expected to extend his two-decade rule of the tiny Horn of Africa nation as the country heads to the polls Friday. Guelleh, 73, is facing political newcomer Zakaria Ismail Farah, his only rival after traditional opposition parties decided to boycott the election. A businessman specialised in the importation of cleaning products, Farah, 56, is seen by observers as unlikely to pose a significant challenge to the strongman who has been in power for 22 years. Djibouti is a largely desert country strategically situated on one of the world’s busiest trade routes and at the crossroads between Africa and the Arabian peninsula, a short distance from war-torn Yemen. Under Guelleh, the country has exploited this geographical advantage, investing heavily in ...
Brand Chinatown Market To Change Name Amidst Growing Asian Violence
HipHopWired Featured Video Source: Chinatown Market While tensions continue to rise due to violence against the Asian Americans and Pacific Islanders (AAPI) community some companies have shown their allegiance with the Asian community. One brand, Chinatown Market, will be doing a big pivot to do so. As spotted on High Snobiety Chinatown Market will be undergoing a major makeover in response to the recent tragic events. The line announced it will be changing its name in the near future. “The Asian American community is rightfully demanding all of us think and act more honestly. We should have done this sooner but it is never too late to do the right thing. Our name was inspired by the shops, people, and vibrance of Canal Street and Chinatown in New York but it’s not our name to u...
NBS: Nigerian government, states’ debt profile rise to N32.92 trillion
Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website on Monday in Abuja. It added that the debt profile was for the States and the Federal Government. According to the bureau, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic. “Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank (AfDB), Exim Bank of China, Japan International Cooperation Agency (...
NANS flays ‘commercialisation’ of tertiary institutions
The National Association of Nigerian Students (NANS), has decried an alleged clandestine move to commercialise public tertiary institutions stressing that it might deprive many the access to quality education. The NANS National President, Com Sunday Asefon, said this on Thursday at the Lagos State University (LASU), while speaking on the decadence of the Nigerian educational system. Asefon in a statement entitled : ‘Need to Perceive Education As a Social Service’ , and made available to newsmen in Ado Ekiti, on Friday, said any developing nation that views education from the prism of commercialisation would fail in giving the youth the right attitude to life. The students leader described education as a veritable weapon to rid the society of ignorance, criminality, and building of future l...
Thousands flee to Thailand after Myanmar army’s air strikes on villages
About 3,000 villagers from Myanmar’s southeastern Karen state fled to Thailand on Sunday following air attacks by the army on an area held by an ethnic armed group, an activist group and local media said. Myanmar’s military launched air strikes on five areas in Mutraw district, near the border, including a displacement camp, the Karen Women’s Organization said. “At the moment, villagers are hiding in the jungle as more than 3,000 crossed to Thailand to take refuge,” a statement from the group said. Thai PBS reported about 3,000 had reached Thailand. Thai authorities did not immediately respond to requests for comment. At least two soldiers from the Karen National Union were killed, said David Eubank, founder of the Free Burma Rangers, a relief organisation. “We haven’t had air strikes ther...
