Ghanaian businesses could soon pay Chinese suppliers directly in yuan from their cedi accounts under a new banking arrangement designed to reduce reliance on the US dollar and cut foreign-exchange conversion costs. Stanbic Bank Ghana is piloting the arrangement through China’s Cross-Border Interbank Payment System (CIPS), which enables financial institutions to process cross-border payments in …
Nigeria and the Hong Kong Special Administrative Region of the People's Republic of China have signed a landmark agreement to eliminate double taxation, prevent tax evasion and avoidance, and strengthen trade and investment between both economies. The agreement was signed during a virtual ceremony by Nigeria's Minister of Finance and Coordinating Minister of the Economy, …
China has condemned a new United States trade investigation into alleged industrial overcapacity and forced labour. The criticism comes just days before fresh trade talks between the two countries in Paris. China’s Ministry of Commerce said Washington has no right to decide unilaterally whether another country has excess industrial capacity. The ministry said the U.S. …
U.S. Vice President JD Vance on Wednesday proposed forming a preferential trade bloc for critical minerals, with coordinated price floors, in a bid to reduce global dependence on China for materials crucial to advanced manufacturing. This announcement follows President Donald Trump’s launch of Project Vault, a strategic stockpile of critical minerals backed by $10 billion …
The United States will press its allies to move faster in reducing reliance on China for rare earths and other critical minerals. Treasury Secretary Scott Bessent will lead talks with senior finance officials this week, a U.S. official said. The meeting begins with a dinner on Sunday and continues on Monday. It will include ministers …
Here are key economic events to watch this week, from January 12 to 16, 2026, in Nigeria and around the world. 12th National Economic Outlook Conference Nigeria’s key economic event for the week of January 12–16, 2026, is the 12th National Economic Outlook Conference. It is organised by the Chartered Institute of Bankers of Nigeria …
China’s car sales growth slowed to its weakest pace in three years in 2025, with automakers struggling to offset a cooling domestic market. Last month, sales fell 14.5% year-on-year to 2.28 million units, worsening from an 8.5% decline in November the largest drop since February 2024, according to the China Passenger Car Association (CPCA). For …
Chinese smartphone maker Realme announced on Wednesday that it will be integrated into Oppo as a sub-brand. The move aims to pool resources and reduce costs for both companies, which share the same parent firm. Realme, known for its smartphones in India, Southeast Asia, and Europe, is owned by Chinese consumer electronics giant BBK Electronics, …
South Africa is set to host the first China-led BRICS joint naval exercises starting Friday in its territorial waters. The drills, themed “Joint Actions to Ensure the Safety of Shipping and Maritime Economic Activities,” will focus on enhancing maritime security and protecting international shipping lanes. READ ALSO: South Africa Dismisses Trump’s ‘False Genocide’ Claims Ahead …
Caracas and Washington have reached a deal for Venezuela to export up to $2 billion worth of crude oil to the United States, U.S. President Donald Trump announced on Tuesday. The agreement aims to divert oil supplies from China while helping Venezuela avoid deeper production cuts. Trump said the deal signals Venezuela’s willingness to open …
