La Liga Registers Dani Olmo and Pau Victor as Barcelona Players

Published on January 9, 2025, by Ernest Victor

In a significant turn of events, La Liga has officially registered Dani Olmo and Pau Victor as FC Barcelona players following intervention by the Higher Sports Council (CSD). This decision resolves weeks of disputes during which Barcelona’s registration attempts were repeatedly denied.

Highlights:

  • CSD’s Intervention: On January 8, the CSD granted Barcelona a precautionary measure to register Olmo and Victor.
  • La Liga Compliance: Despite initial resistance, La Liga complied with the directive, allowing the players to be listed for upcoming matches.
  • Upcoming Fixtures: Both players are now eligible for the Spanish Super Cup final, where Barcelona faces Real Madrid or Mallorca.
  • Temporary Registration: The players are currently registered for three months, with potential extensions depending on the final case outcome.

This development strengthens Barcelona’s squad and boosts fans’ anticipation to see the new signings in action.

US Supreme Court Rejects Trump’s Bid to Block Hush Money Sentencing

In a landmark decision, the US Supreme Court denied an emergency request by Donald Trump to halt his sentencing in the hush money case involving payments to Stormy Daniels. The 5-4 ruling emphasized the minimal burden the sentencing would impose on Trump’s president-elect duties, as he can attend virtually.

Nigeria Partners with China for Local Arms Production and Military Training

In a significant move to address security challenges, the Nigerian government has unveiled plans to enhance its defense collaboration with China. This partnership focuses on local arms production and military training as part of Nigeria’s broader strategy to combat terrorism and insecurity within the country and across the region.

Key Details:

  • The announcement was made by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, during a briefing with State House correspondents.
  • The briefing followed a meeting between President Bola Tinubu and China’s Foreign Minister, Wang Yi, at the Presidential Villa in Abuja on Thursday.
  • The partnership aims to bolster Nigeria’s self-reliance in defense production and strengthen its military capabilities.

This collaboration represents a strategic step in Nigeria’s efforts to tackle persistent security challenges and underscores the growing ties between the two nations in defense and other sectors.

NESG Report: Nigeria’s Inflation Rate Expected to Drop to 27% by December 2025

Key Forecasts:

Nigeria’s headline inflation rate is projected to average 30.5% year-on-year in 2025, with a gradual decline to 27.1% by December, according to the NESG-Stanbic IBTC Business Confidence Monitor report.

The forecast hinges on a reduction in the impact of high petrol prices on inflation metrics, provided there are no unexpected disruptions in fuel pricing.

Report Highlights:

  • Inflation is expected to remain above 30% through September 2025 before easing.
  • Economic growth is anticipated to accelerate to 3.5% y/y in 2025, compared to 3.2% in 2024.
  • A potential shift towards accommodative monetary policy by the Central Bank of Nigeria (CBN) is predicted in late 2025 as inflation moderates.

Sector Performance:

  • Agriculture led economic activity in December 2024, recording a net balance of +13.93, driven by seasonal harvests.
  • Non-manufacturing industries also showed resilience, with a net balance of +5.80.
  • However, the manufacturing, trade, and services sectors faced challenges due to rising operational costs.

Business Confidence:

The Current Business Performance Index rose to +0.77 in December 2024, reflecting a recovery in economic activity spurred by festive demand.

  • The Future Business Expectation Index recorded +28.61, signaling cautious optimism for improved conditions in Q1 2025.

Despite the challenges of inflation and currency devaluation, Nigeria’s economy shows signs of gradual recovery as government policies like FX liberalization and fuel subsidy removal begin to stabilize key sectors.

Black Market Exchange Rates: Dollar to Naira Today – January 10, 2025

Current Black Market Dollar to Naira Rates
Curious about the Dollar to Naira exchange rate in the parallel (black) market? Here’s the latest update for January 8, 2025.

Exchange Rates (Black Market):

  • Buying: N1650 per dollar
  • Selling: N1660 per dollar

Central Bank of Nigeria (CBN) Rates:

  • Highest Rate: N1545
  • Lowest Rate: N1537

It’s important to note that the Central Bank of Nigeria (CBN) does not endorse black market transactions, urging individuals to use official banking channels for Forex exchanges.

Disclaimers:

Forex rates may vary across different regions and vendors. Ensure you confirm rates before conducting any transactions.

Why I Am Subsidizing Education for 300 Students in Nasarawa – Architect Ishaya

From Abel Zwànke, Lafia

Architect Ishaya Duba Dodo, a renowned philanthropist from Akwanga Local Government Area of Nasarawa State, has subsidized education for 300 students across Nasarawa North’s three geopolitical zones: Akwanga, Nasarawa Eggon, and Wamba Local Government Areas.

The initiative, a bursary scheme woth millions of Naira that concluded at the ERCC headquarters in Akwanga yesterday aims to alleviate the financial burden of education for Christian and Muslim students from underprivileged backgrounds, irrespective of their religious affiliations. Beneficiaries were carefully selected from the poorest families, with the funds covering tuition fees and other essential educational needs.

Speaking about his motivation in an interview with thenationnewsonline, Ishaya said, “This is a way to support students going back to school to ensure they can cater for their tuition and other needs, especially considering the current economic challenges. Education has the power to transform lives, and I want to give these students the opportunity I once struggled to have.”

Recalling his own struggles as a student, Ishaya shared how financial hardship shaped his determination. “When I was in school, I suffered to pay my fees. Whenever I got money, I managed it wisely and stayed away from bad friends. I believe staying focused and avoiding distractions can lead to great success. The sky will be their limit if they remain determined,” he advised.

Ishaya highlighted financial constraints as one of the major obstacles students face in pursuing education. “One way the devil breaks people is by introducing lack. This bursary is my way of ensuring these young ones stay on track and achieve their dreams,” he explained.

Known for his numerous humanitarian interventions, Ishaya has previously settled medical bills for the less privileged, provided transformers for electricity in underserved communities, and supported various causes. This time, however, he decided to prioritize education.

“This is not the first time I am helping people, but I felt it was time to prioritize education. Students need all the support they can get to succeed,” he noted, urging other well-meaning individuals to emulate his example.

“This is just the beginning. Education is a right, not a privilege, and I will continue to advocate for it. I hope more people will join hands to support the less privileged in our society,” Ishaya concluded.

The bursary scheme has been widely praised by community leaders and beneficiaries. Samson Bala, the Councilor of Ninge Council Ward in Akwanga Local Government Area, commended Ishaya’s foresight and generosity.

“Architect Ishaya Duba Dodo is a rare gem. His support for education shows his commitment to the future of our community. He is a shining example of what true leadership and philanthropy should be,” Bala remarked.

A parent from Wamba Local Government Area, Mrs. Amina Yusuf, expressed her gratitude. “This bursary is a blessing to us. My children can now continue their education without me worrying too much about their fees. May God reward him abundantly,” she said.

Similarly, Peter Musa, a beneficiary and student at Nasarawa State University, Keffi, shared how the bursary has renewed his hope.

“I used to think my education this year was going to be very difficult because of the economic hardship my parents are going through. This support has brought me back on track, and I am determined to make the most of it,” Musa said.

China adjusts tariffs to boost imports of high-quality products

By Wang Junling

Starting from Jan. 1, 2025, provisional import tariffs, lower than the most-favored-nation rates, have been applied to 935 Chinese commodities as part of an annual tariff adjustment plan recently issued by the Customs Tariff Commission of China’s State Council.

Experts said thatlower provisional tariffs have been implemented for some raw materials, drugs, equipment, and components. Besides, China has adjusted the import tariff rates and items on certain goods in an effort to boost imports of high-quality products, expand Chinese domestic demand, advance high-level opening up, and promote high-quality development.

The tariff adjustments were implemented in three aspects. First, to foster new quality productive forces through scientific and technological innovation, cycloolefin polymers, ethylene-vinyl alcohol copolymers, and automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles can enjoy lower import tariffs.

Second, to enhance people’s well-being,China has cut tariffs on sodium zirconium cyclosilicate, viral vectors for CAR-T tumor therapy, and nickel-titanium alloy wires for surgical implants.

Third, to promote green and low-carbon development, ethane and some recycled copper and aluminium raw materials also see their import tariffs reduced.

According to Fan Min, deputy head of the information and market department of China Petroleum and Chemical Industry Federation, ethane, cycloolefin polymers, and ethylene-vinyl alcohol copolymers are important basic materials for China’s petrochemical industry. The tariff cuts can promote the application of green and low-carbon manufacturing processes and drive the development of high-tech, and high-performance products in downstream industries, Fan added.

Demonstrating China’s commitment to high-level opening up

The tariff adjustments also demonstrate China’s sense of responsibility as a major trading nation under the current international economic situation.

In 2025, China will continue to offer zero-tariff treatment on 100 percent of tariff lines to the 43 least developed countries (LDCs) with which it has diplomatic relations in a bid to support their development and foster mutual benefits.

At the same time, China will continue to apply preferential tariff rates to certain products from Bangladesh, Laos, Cambodia, and Myanmar in accordance with the Asia-Pacific Trade Agreement and its exchange of notes with ASEAN member states.

“Starting Dec. 1, 2024, China has given all the LDCs with which it has diplomatic relations zero-tariff treatment for 100 percent tariff lines. In 2025, China will continue to implement this unilateral opening-up policy,” said Cui Fan, professor with the University of International Business and Economics.

At the same time, conventional tariff rateswill be applied to certain products from 34 countries and regions under 24 free trade and preferential trade arrangements in 2025, up from 30 countries and regions under 20 free trade and preferential trade arrangements as compared to the 2024 tariff adjustment plan. These changes signify an expanding “circle of friends” in China’s foreign trade, Cui noted.

As the first annual tariff adjustment plan after the adoption of the law on customs duties, this plan represents China’s commitment to steadily expanding institutional opening up, unilaterally opening its doors wider to LDCs, and expandingthe globally-oriented network of high-standard free trade areas. It also demonstrates China’s proactive efforts to promote high-quality development via high-standard opening up, said Cui.

“China has adopted a flexible and targeted approach in tariff adjustment. It has reduced provisional import tariffs on key equipment and components, drugs, medical equipment, and energy products. Besides, the country has also adjusted or eliminated import tariffs on products for which it has a certain level of production capacity and competitiveness,” said Gao Lingyun, a researcher with the Institute of World Economics and Politics under the Chinese Academy of Social Sciences.

Gao noted that these adjustment measures are contributing to China’s efforts to expand opening up and promote industrial upgrading.

Supporting measures keep unfolding in different regions

Relevant departments in China have introduced a range of supporting measures. For instance, on Dec. 29, 2024, China’s General Administration of Customs announced a new round of 16 measures to promote the integrated development of the Yangtze River Delta and boost imports of high-quality products.

One measure involves working with local governments to push forward the pilot program for a “white list” of imported materials for biopharmaceuticalsresearch and development in the region to support regional synergy.

Another measure is to set up a pilot program in Yiwu, east China’s Zhejiang province, for a positive list management system of imported daily consumer goods.

Additionally, a collaborative mechanism is underway to facilitate grain imports in the region, which will link entry ports, transit ports, and destination customs to enable information sharing, mutual assistance in law enforcement, and mutual recognition of results.

Experts noted that as China continuously expands voluntary opening up and creates more favorable conditions for high-quality imported products, more and moreforeign market players are expected to benefit from its growing import demand.

Agricultural innovators contributing to China’s comprehensive rural vitalization

By Gu Chun, Liu Junguo, People’s Daily

In the tranquil winter of Huangyangjian village, Zhanmao neighborhood, Putuo district, Zhoushan, east China’s Zhejiang province, the aroma of roasted rice wafts through the air at the “Rabbit Market.”

Everything at the market exudes the unique charm, such as traditional mud stoves, clay teapots and bamboo chairs commonly found in the countryside.

The “Rabbit Market” was launched by local resident Xia Ziyu in 2022 upon her return home from working out-of-town. The market specializes in discovering, enhancing, and selling local farm produce.

“Guanyin rice is a specialty of Zhoushan. We have adopted rice roasting technique from Yunnan province to make tea with it,” Xia said, while skillfully stirring the rice, attracting many tourists.

Currently, Xia’s team consists of 21 people, mainly engaged in the commercialization of agricultural products and brand development, and supporting 200 pioneers in rural specialty products in livestream commerce. Last year, Xia was honored as a national young pioneer for rural vitalization.

In Zhejiangprovince, tens of thousands of agricultural innovators have ventured into villages and become a significant driving force for comprehensive rural vitalization.

Agricultural innovators, or farming entrepreneurs, are individuals below the age of 45 who take charge as leaders or stakeholders of farmer cooperatives, agricultural enterprises, family farms, or other agricultural production and operation entities.

The village of Taipingshan in Shangyu district, Shaoxing, Zhejiang province boasts a long history.In 2022, Shangyu native Chen Liefeng, who was running a business in Shanghai, visited the village for the first time and discovered its beautiful scenery, but noticed the absence of agritainment and rural guesthouses.

After researching ancient books, he found that the village has a long history of producing Polygonatum, also known as Solomon’s seal. Chen then signed a cooperation agreement with Taipingshan village and became afarming entrepreneur there. The village contributed its unused forest resources as equity, accounting for 60 percent.

Unlike artificially cultivated Polygonatum, the Polygonatum in Taipingshan is grown using a “natural growth” method, where villagers scatter the seeds in the high mountain forests without using pesticides or fertilizers, allowing them to grow naturally in the wild.

Currently, there are more than 450,000 plants thriving after Polygonatum seeds were sown on over 1,000 mu (667 hectares) of mountain forests in the village.

“We are not pursuing temporary ‘internet fame.’ We sowthe seeds on hundreds of mu of land each year. When they become high-quality Polygonatum, we will achieve sustainable harvesting, which will be the long-term wealth of the village,” Chen said confidently.

With the development of the Polygonatum industry, the number of visitors and tourists has been increasing, and the village now boasts rural guesthouses, tea houses, and dining establishments.

Zhejiang province has launched a project to nurture 100,000 agricultural innovators, providing support in terms of funding, land, technology, and more.

In 2024, Zhejiang has initiated the construction of 100 modern farming entrepreneurparks and 500 bases for the common development of farming entrepreneur, offering a one-stop service including project incubation and skills enhancement, and promoting an entrepreneurship mechanism involving experts, farming entrepreneur teams and farmers.

“With the government’s support, we have successfully established a bamboo weaving workshop. In collaboration with schools, we are actively promoting intangible cultural heritage on campuses. Additionally, we have set up display counters at airports and five-star hotels, leading to a surge in orders,” said Ye Shangjie, a bamboo weaving inheritor born in the 1990s, in an intangible cultural heritage exhibition hall in Xijiang ancient village in Yizhou district, Ningbo.

Rural vitalization hinges on talent. Zhejiang province has set a target to cultivate 100,000  agricultural innovators,by 2025 who will help 1 million farmers increase their income. The province has already nurtured 300 outstanding rural talents, 4,600 leaders in rural industrial vitalization, 81,000 agricultural innovators, and 275,000 “new farmers.” This robust and dynamic rural talent pool is vital in driving comprehensive rural vitalization.

China steps up efforts to protect its traditional Shui script

By Chen Junyi, People’s Daily

The Shui script is the unique traditional writing system used by the people of the Shui ethnic group in southwest China’s Guizhou province to keep records of their astronomy, calendar, meteorology, folklore, and religion, just like ancient China’s bronze and oracle bone inscriptions.

It serves as an encyclopedia for the Shui people and is hailed as a “living fossil” of pictographic writing. Even today, this traditional writing system still plays an important role in the Shui people’s social life. In 2006, it was listed as China’s national intangible cultural heritage.

The Shui script has been passed down for thousands of years and is primarily preserved in handwritten manuscripts. Due to the limited number of characters, it is common for characters to have multiple pronunciations and meanings, which require specialized scholars to interpret these polyphonic and polysemic words based on the context.

The scholars must be well-versed in Shui customs and uphold Shui moral principles toeffectively preside over local customs activities and provide guidance for important events such as weddings and funerals.

Yang Shengzhao is a 70-year-old Shui script scholar. He startedstudying Shui writing with the help of his elders when he was 14. Now, he has become a representative inheritor of China’sprovincial-level intangible cultural heritage.

According to Yang, the customs associated with the Shui script consist of two parts.The first part is the handwritten copies that have been passed down through generations, which he refers to as the “hardware.”The second part involves the contents such as essentials, rituals, and blessings that have been orally transmitted over time, which he calls the “software.”

“The second part represents a significant 70 percent of the Shui script customs,” Yang said.

The Duan Festival is the most important event of China’s Shui ethnic group, much like the Spring Festival is for the Han Chinese. The celebration typically occurs from late August to early October of the Chinese lunar calendar, with the precise timing determined by the Shui calendar.

The ancestral worship ceremony is an important ritual during the Duan Festival, during which a Shui script scholar often recites a passage to pray for blessings from ancestors.

“Thisoral passage is not recorded in the handwritten copies of the Shui script, but it follows a predetermined procedure and rhythmand must not be improvised,” Yang said. He believes that these orally transmitted contents are crucial in the customs of the Shui script, yet they are facing the risk of being lost.

After retiring from his position as a primary school teacher in 2015, Yang devoted himself wholeheartedly to the inheritance and preservation of the Shui script. He initiated Shui script courses at local schools, welcoming anyone interested in the Shui script to join. So far, the number of students has exceeded 100.

“Studying the Shui script might not bring immediate economic benefits, but currently, there are few successors to carry on the tradition. Without creative ways of inheritance, it would soon vanish,” said Yang.

Yang also joins the protection and utilization programs initiated by the local government. In November 2022, “Shui Character Documents, Guizhou Province” was included inthe UNESCO Memory of the World Committee for Asia and the PacificRegional Register, marking a historic achievement as the first of its kind for the province.

During the application process, Yang recorded the oral contents of the Shui script and recited and translated its texts, contributing tothe improvement of the application documents.

Because there are few written texts and the Shui script does not directly align with the everyday spoken language of the Shui people, teaching Shui writing cannot follow the same methods used for teaching Chinese.

“To save the Shui writing system, it requires a certain amount of financial support to annotate the script with international phonetic symbols, translate orallytransmitted materials into Chinese, and record them into videos and audio,” Yang noted. He believes that transforming the “software” of the Shui script into a tangible “hardware” is crucial for ensuring its continuity.

Promoting the Shui writing system to the world is also an aspiration of the Shui people. In 2014, at the 63rd meeting of the International Organization for Standardization, the Chinese delegation submitted a proposal on the international coding of the Chinese Shui script. Over the years, a local expert group has been continuously improving the application documents.

“If the application is approved, the Shui script will gain an ‘identity card’ globally, allowing the written manuscripts to be disseminated electronically across different parts of the world, thereby promoting our culture even further,” said Yang.

To embrace even broader prospects in pursuing Chinese modernization

By He Yin, People’s Daily

“On the new journey of Chinese modernization, everyone is a key actor, every effort counts, and every ray of light shines,” said Chinese President Xi Jinping in his 2025 New Year message.

When delivering the New Year message, Xi reviewed the extraordinary journey completed by the Chinese people under the leadership of the Communist Party of China (CPC) over the past year, pooling the powerful collective force of all Chinese people striving in unity.

His message demonstrated to the world China’s firm determination and confidence in building itself into a strong country and advancing national rejuvenation on all fronts through Chinese modernization.

The year 2024 was a crucial year for achieving the objectives and tasks laid down in the 14th Five-Year Plan (2021-2025). In the face of challenges posed by evolving dynamics at home and abroad, the CPC Central Committee with Comrade Xi Jinping at its core has united and led the entire Party and the Chinese people of all ethnic groups to respond calmly with a full range of policies, made solid gains in pursuing high-quality development, and successfully accomplished the main targets and tasks of economic and social development for the year. China’s GDP in 2024 is expected to pass 130 trillion yuan ($17.81 trillion) mark, as the country takes new solid stridesin advancing Chinese modernization.

An article published on the website of Kenyan newspaper The Standardsaid that China’s development story is “one of transformation and determination.”

The recently published results of China’sfifth national economic census showed that as the world’s second-largest economy, China’s average contribution to global economic growth has remained around 30 percent for the past five years, making it the largest driving force behind world economic growth.

Promoting green and innovation-driven development

Over the past year, China has made solid progress in green development and sci-tech innovation, continuously writing a new chapter of high-quality development.

Green and low-carbon development has been further enhanced in China, unfolding a more beautiful country.China has also fostered new quality productive forces in light of actual conditions.New business sectors, forms and models have kept emerging.

The Taklimakan Desert, the largest desert in China and the second-largest drifting desert in the world, has been completely encircled with a sand-blocking green belt stretching over 3,000 kilometers. Besides, China’s annual production of new energy vehicles has surpassed 10 million milestone for the first time.

A recent report by the Financial Times pointed out that electric vehicles are expected to outsell cars with internal combustion engines in China for the first time in 2025 in a historic inflection point.

According to the Global Innovation Index 2024 released by the World Intellectual Property Organization, China has moved up to the 11th place in the ranking of the world’s most innovative economies, making it one of the fastest risers over the past decade.

Putting people’s well-being front and center

“Of all the jobs in front of us, the most important is to ensure a happy life for our people,” Xi said in his 2025 New Yearmessage.

Everywhere in China, people in all fields – workers, builders and entrepreneurs, among others – are working hard to fulfill their dreams, enjoying enriching lives.

This vibrant scene fully demonstrates that China has followed a people-centered approach, insisting that development is for the people, reliant on the people, and that its fruits should be shared by the people, which is the precondition for the country to have the right view of development and modernization and build the great momentum of its march forward in the new era.

“China’sjourney of modernization is not just about material wealth; it is deeply rooted in a people-centered philosophy. The fruits of Chinese modernization have been transformed into tangible improvements in the quality of life for ordinary citizens,” as reported by Bangladesh’s Weekly Blitz.

Greeting 2025 with hope and confidence

“We will march forward in great strides to advance reform and opening up as the trend of our times. We will surely embrace even broader prospects in pursuing Chinese modernization in the course of reform and opening up,”said Xi.

At its Third Plenary Session, the 20th CPC Central Committee sounded a clarion call for further deepening all-round reform.

The year 2025 will see the conclusion of China’s14th Five-Year Plan.China will adhere to the general principle of pursuing progress while maintaining stability, fully and faithfully implement the new development philosophy on all fronts, and accelerate the building of a new development paradigm.

It will implement more proactive and effective policies, pursue high-quality development as a top priority, promote greater self-reliance and strength in science and technology, and maintain sound momentum in economic and social development. The country will fulfill the goals and tasks of the 14th Five-Year Plan with high quality, and lay a solid foundation for getting the 15th Five-Year Plan (2026-2030) off to a good start.

As the years turn and new chapters unfold, China will remain confident,continue to grow in the wind and rain, and get stronger through hard times as always. With unwavering determination, China will forge a new path of harmony and prosperity, making more contributions to world peace and development.