China, US officials Resume Trade Talks in Washington US and Chinese mid-level officials are set to resume contentious trade talks on Wednesday amid low expectations. The discussions could set a framework for further negotiations as each country prepares to hit the other with new tariffs on...

China, African Trade hits $170bn China’s bilateral cooperation with Africa has grown phenomenally in the past 40 years with trade leaping from $765 million to $170 billion a year. China’s Deputy Foreign Minister Chen Xiaodong said the growth was based on interlocking interests since 1978. The minister...

Nigeria Spent N26m Importing Toothpick From China, Germany   Nigeria spent N26 million importing wooden toothpicks from China and Germany in the last three years. This is despite the inclusion of toothpicks on the dollar access prohibition list by the Federal Government within the same period. The government...

Oil Prices Rise on Iran sanctions US demands that importers stop buying Iranian oil saw prices surge following fears of a global shortage, but a potential trade war with China appears to have steadied the market. Prices for Brent crude futures LCOc1 stands at 76.65 dollars...

ZTE Gets Lifeline from Trump, Xi U.S. President Donald Trump has said that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.” “President Xi of China, and I, are working together to...

U.S. Sorghum Ship Bound for China Heads for Saudi Arabia A ship carrying 69,842 tonnes of sorghum from the United States bound for China has switched its destination to Dammam, Saudi Arabia. The BTG EIGER departed with U.S. sorghum from Archer Daniels Midland Co’s Corpus Christi...