A Nigerian woman stirred drama inside a bank as she loudly accused the institution of stealing ₦600,000 from her account.A video posted on X (formerly Twitter) by @ChuksEricE shows the woman visibly emotional, shouting for help and demanding answers while bank staff reportedly looked the other way.In the clip, she can be heard yelling: “Access […]
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CBN Recapitalisation: Two Major Banks in Quiet Merger Talks as Deadline Nears
As the Central Bank of Nigeria’s (CBN) recapitalisation deadline draws closer, reports say two national banks have quietly opened merger discussions to meet the target and stay afloat. Many banks are under pressure, with a previous report by Legit.ng revealing that six banks still face a funding gap of about N965 billion.
BDC operator admits owing $90,000 to Chinese accused of money laundering, exonerates Nigerian for dealing in Crypto Currency transaction
In set above are two learned senior advocates of Nigeria, SANs: Mr. Edwin Anikwem, (left) counsel to Genting International Company Limited, (the 4th defendant), and Mr. Clement Onwuenwunor, counsel to the second defendant, Engr. Friday Audu…….. after the court session on Tuesday, July 8, 2025 at the Federal High Court, Ikoyi, Lagos. By Ibeawuchi Uwaleke, […]
China’s 1,000-kW-class civil turboshaft engine obtains production license
By Qiu Chaoyi, People’s Daily China just achieved a significant milestone in aviation propulsion technology. According to Aero Engine Corporation of China (AECC), the AES100 engine has officially obtained its production license and secured its first sales contract, marking a transition from design and development to mass production. Aviation engine is often regarded as the […]
China’s 6G vision forges an era of universal intelligence
By Liu Guangyi As 2025 dawns, the global telecommunications industry marks a pivotal moment: the commencement of the ” 6G standardization era.” International standards bodies are expected to crystallize by 2029, with initial commercial trials slated for deployment around 2030. While 5G already delivers impressive capabilities: ultra-high speeds, minimal latency, and massive connectivity, 6G promises […]
AI unlocks new frontiers for retail in China
By Lin Lili, People’s Daily China’s retail sector is embracing AI through diverse innovations. In stores equipped with AI-enabled interactive shelves, picking up a product triggers a digital display that introduces its features and functions. In restaurants, AI-powered inspection tools automatically detect whether kitchen staff have washed their hands and monitor inventory in real time. […]
Tiny city, big impact: Arxan emerges as cross-cultural bridge
By Fan Wei, Jiang Bo, Wu Yong, Tian Liang Tucked away in the northwestern corner of Xing’an league in north China’s Inner Mongolia autonomous region, Arxan ranks among China’s “tiniest city” by population – just 28,600 residents – yet exerts a disproportionate influence in tourism and cultural exchanges. Once a remote border town, Arxan has […]
Tiny city, big impact: Arxan emerges as cross-cultural bridge
By Fan Wei, Jiang Bo, Wu Yong, Tian Liang Tucked away in the northwestern corner of Xing’an league in north China’s Inner Mongolia autonomous region, Arxan ranks among China’s “tiniest city” by population – just 28,600 residents – yet exerts a disproportionate influence in tourism and cultural exchanges. Once a remote border town, Arxan has […]
AIIB sets new model for international multilateral cooperation
By He Yin, People’s Daily The 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors was held in Beijing from June 24 to 26. Over the past decade, the AIIB has navigated mounting global development challenges with a steadfast commitment to enhancing infrastructure connectivity, advancing open cooperation, and upholding multilateralism. Its […]
Steadiness and openness: China’s rising global appeal
By Liu Lingling, People’s Daily Recent surveys by international polling agencies such as Ipsos and Morning Consult reveal a steady rise in global favorability toward China. This shift is evidenced by three key developments: substantial increases in foreign tourists arrivals, broader international viewership of Chinese films and TV dramas, and growing global investor interest in […]