China’s Foreign Minister Backs Russia Over Ukraine

Hamilton Nwosa
Writer

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

China’s Foreign Minister, Wang Yi, has voiced support for Russia’s invasion of Ukraine.

“No matter how treacherous the international storm is, China and Russia will maintain their strategic determination.

“And will push forward the comprehensive strategic partnership in the new era,” Wang said on Monday, responding to a question about the West’s sanctioning of Moscow for the invasion.

Wang described China and Russia as close neighbours and strategic partners, calling their ties “one of the most crucial bilateral relationships in the world.”

He said cooperation was not only beneficial to the peoples of both countries but also contributed to peace, stability and development in the world.

“Both countries rejected the revival of a Cold War mentality, as well as ideological confrontation.

“They are committed to the democratisation of international relations,” Wang said at a press conference to mark the annual session of the Chinese People’s Congress in Beijing. (dpa/NAN)

Ad

X whatsapp