For the first time since its inception, Dangote Cement Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached an all-time milestone of N1,382.0 billion, crossing the N1 trillion mark, an increase of 56 per cent. In the same vein, Earnings per share also increased by 12.3 per cent to N29.74 as against 2023’s record…
The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing. Truetells Nigeria reports tha in a joint statement issued by both countries said the agreement aimed at supporting Nigeria’s efforts to safeguard the stability of its financial and foreign exchange markets and crack down on financial…
A bus crashed into a group of students and parents outside a school in eastern China on Tuesday, killing at least 11 people, local police said. Thirteen others were injured when the vehicle transporting students lost control at a T-junction just before 7:30 a.m. (7:30 p.m. Monday ET) and veered into the crowd at the gate of…
The Chinese government has denied reports that it is complicit in the proliferation of terrorist activities in Nigeria. The comment was made in reaction to a revelation by a British newspaper, The Times, that claimed Chinese mining industry employees were sponsoring terrorist organizations in some parts of Nigeria to gain access to the nation’s mineral…
Xi Jinping secured a precedent-breaking third five-year presidential term on Friday, March 10, during a parliamentary session in which he further tightened his control as China faces mounting challenges at home and globally. Xj Jinping was officially endorsed by the country’s political elite on Friday, solidifying his control and making him the longest-serving head…
Ukrainian President, Volodymyr Zelensky has warned that a world war could break out if China supported Russia against Ukraine. “My hope is that Beijing will maintain a pragmatic attitude, you risk World War III otherwise, I think they are well aware of that,” he said in an interview with Italian newspaper Corriere della Sera,…
China has developed a mind-reading device that can detect when men view pornography, a move aimed at eventually banning all pornography consumption. According to NYPost, Chinese researchers claimed they have developed an official patent for a device capable of “reading a man’s mind” and specifically detecting when he is watching erotic movie. The current…
The world’s largest nuclear powers, US, Russia, China, France and the UK have pledged to never enter into a nuclear war, in a rare statement of unity amid rising tensions between the East-West . Russia is believed to have the world’s biggest stockpile of nuclear warheads, with 6,255, followed closely by the United States at…
China has banned its celebrities from showing off their wealth on social media in the latest crackdown on the entertainment industry. The Cyberspace Administration of China made the announcement on Tuesday that celebrities in the country will not be allowed to ‘show off wealth’ or ‘extravagant pleasure’ on social media. The rules also prevent celebrities…
The Chinese Foreign Ministry in Beijing has warned its citizens and firms working in the African continent against travelling to some risky areas amid the abductions of Chinese citizens in Africa. The disclaimer was issued on Monday by the Foreign Ministry spokesperson, Zhao Lijian, as he confirmed the abduction of five Chinese nationals in the…
