Northern-Nigeria Perspective

BREAKING: China warns against interference in Nigeria ’s affairs after US threat of military action The Chinese government says it firmly supports the President Bola Tinubu administration as it “leads its people on the development path suited to its national conditions”. Addressing a press conference on Tuesday, Mao Ning , spokesperson of China’s foreign ministry , said “as Nigeria’s comprehensive strategic partner, China firmly opposes any country using religion and human rights as an excuse to interfere in other countries’ internal affairs, and threatening other countries with sanctions and force”. Ning was answering a question on US President Donald Trump ’s threat of military action in Nigeria over alleged persecution of Christians.

BIG BREAKING NEWS  Chinese Currency Goes Global  the People's Bank of China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world's trade volume will bypass the SWIFT system dominated by the US dollar and directly enter the "digital RMB moment". This financial game, which The Economist called the "Bretton Woods System 2.0 Outpost Battle", is rewriting the underlying code of the global economy with blockchain technology. While the SWIFT system is still struggling with the 3-5 day delay in cross-border payments, the digital currency bridge developed by China has compressed the clearing speed to 7 seconds. In the first test between Hong Kong and Abu Dhabi, a company paid a Middle Eastern supplier through digital RMB. The funds no longer went through six intermediary banks, but were received ...