LAGOS AUGUST 24TH (NEWSRANGERS)-China, Africa’s largest bilateral lender, waived debt owed by 17 countries in the continent for 23 interest-free loans that were due in 2021. The context of the latest relief reinforces China’s intention for Africa to consider the Asian power its preferred long-term development partner, especially “in the face of the various forms…
LAGOS MARCH 29TH (NEWSRANGERS)-Former Governor Peter Obi has expressed belief that Nigeria, with its abundant resources, could be on the right developmental track, with strict implementation of progressive policies. In a telephone interview, Obi said he was currently in Morocco as part of his plans for meetings and understudy of the best performing economies in…
LAGOS MARCH 1ST (NEWSRANGERS0-China, a close ally of Russia, said on Monday that it was opposed to illegal unilateral sanctions and will continue to carry out normal trade cooperation with Moscow, as the US, EU and their allies stepped up punitive measures against Russia, including the interbank messaging system SWIFT. Asked about what some have…
LAGOS JANUARY 24TH (NEWSRANGERS)-Many Nigerians have expressed their anger at the former Governor of Anambra State and former Vice Presidential Candidate of the Peoples Democratic Party (PDP), Mr Peter Obi, following his shopping experience at Toga Fashion House, Awka, which he shared on his Twitter page. Many Nigerians who thought that the fashion house was domiciled…
LAGOS DECEMBER 10TH (NEWSRANGERS)-A man from China was reported to the police five times in three days due to his resemblance to a North Korean defector. The doppelganger: The Chinese man in the dark blue jacket has a similar hairstyle, facial features and expression of the North Korean, who is identified as Zhu Xianjian by…
LAGOS DECEMBER 5TH (NEWSRANGERS)-Nigeria’s debt to China, France, Japan, India and Germany rose to $4.26bn as of June 30, 2021 from $3.85bn at the end of 2019, according to data obtained from the Debt Management Office. An analysis of the data showed that the country spent $402.74m in the 18-month period servicing bilateral loans, even…
LAGOS NOVEMBER 30TH (NEWSRANGERS)-China has denied reports it could take control of Uganda’s international airport should the government in Kampala default on a $200 million loan from Beijing. “The malicious allegation… has no factual basis and is ill intended to distort the good relations that China enjoys with developing countries including Uganda,” a spokesman for…
LAGOS NOVEMBER 21ST (NEWSRANGERS)-Key fings revealed that global net worth soared from $156 million in 2000 to $514 trillion in 2020, making the world wealthier than it was at any point in history. China accounted for nearly a third of the increase, the report from management consultancy firm McKinsey & Company stated. McKinsey analyzed the…