News
China remains attractive destination for foreign investment

By Luo Shanshan, Wang Junling, People’s Daily
Farsighted multinationals don’t want to miss the opportunity to invest and operate in China.
Data from China’s Ministry of Commerce (MOFCOM) indicated that China saw 185 newly-added major projects during the first four months of this year, each with foreign investment of over $100 million. This means that an average of 1.5 major foreign-funded projects had been launched in China per day during the period.
China’s actual use of foreign capital expanded to 478.61 billion yuan ($71.65 billion) from January to April, up 20.5 percent year on year, which represented a double-digit growth achieved on the high comparison base during the same period of last year.
The Chinese market is the best choice as BMW pushes ahead with transformation toward electrification, digitalization, and sustainable development, said an executive with German carmaker BMW.
Although global markets have suffered impacts of multiple factors, including the COVID-19 pandemic, during the past two years, BMW’s business in China has maintained steady growth and reached a new high in sales last year, according to the executive, who disclosed that the company will continue to increase investment in China.
For BMW, China is not only the world’s largest auto market and new-energy vehicle market, but the most important manufacturing base and innovation base in the world, the executive added.
China has continuously opened its door wider to share its development opportunities with the rest of the world.
Besides BMW, many other foreign enterprises, including Amazon, Dell, and Johnson & Johnson, also expressed their intention to continue increasing investment in China.
Recent survey reports released by the American Chamber of Commerce in China (AmCham China) and the German Chamber of Commerce in China showed that 83 percent of the surveyed U.S. companies and 96 percent of the German companies in China remain bullish on the Chinese market, and that 66 percent of the U.S. companies and 71 percent of the German companies in China plan to invest more in the country.
Over the past five years, China has continuously shortened its negative lists for foreign investment, cutting the numbers of off-limit items on its national negative list and pilot free trade zone (FTZ) negative list to 31 and 27, respectively.
The country has taken a large number of important and major measures to further boost opening-up in sectors including finance and automobile, and basically opened its manufacturing sector and guaranteed steady and continuous progress in the opening-up of the agricultural and service sectors, effectively stabilizing foreign enterprises’ expectations of development in China and providing broader space for foreign investment.
So far, 21 pilot FTZs have been established across China. Its comprehensive bonded zones and economic and technological development zones are speeding up efforts to promote reform and innovation. In addition, various platforms launched to facilitate opening up continuously roll out measures to advance investment liberalization and facilitation, becoming a new high ground for attracting foreign investment.
This year, China will continue giving full play to the role of its special working group for key foreign-funded projects so as to provide service guarantee for stable operations of enterprises and make sure relevant projects are signed, put into operation, and reach full-capacity production as early as possible, according to the MOFCOM.
Besides, the country will revise and expand the catalogue of encouraged industries for foreign investment to guide more foreign investment toward sectors such as advanced manufacturing, modern services, high and new technology, green and low-carbon development and digital economy and toward the central and western regions by leveraging favorable policies related to taxation and land, said the ministry.
China will also intensify efforts to protect the legitimate interests and rights of foreign investors and ensure national treatment for all foreign-invested enterprises, the MOFCOM stressed.
On April 10, the Communist Party of China (CPC) Central Committee and China’s State Council jointly issued guidelines on accelerating the building of a national unified market, saying explicitly that the country will uphold a unified fair competition system and treat all market entities, regardless of their type, as equals.
China’s stable economic and social environment, sound industrial chain and supply chain system, and super-large market provide a solid foundation for the stable development of foreign enterprises.
“It is very difficult to match the scale and scope of China’s supply chains outside China at the moment,” pointed out Vishrut Rana, Singapore-based economist at S&P Global Ratings, in a recent interview.
The 2022 American Business in China White Paper recently released by the AmCham China said that 83 percent of the AmCham China’s member companies disclosed that they are not considering relocating manufacturing or sourcing outside of China.
China remains a priority market for U.S. companies, with many of them believing it is vital to stay competitive in this market in order to win globally, according to the white paper.
China will continue to optimize its business environment to help more foreign-invested companies enter, stay and prosper in the Chinese market, and retain its attractiveness to foreign investment.
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
-
Uncategorized6 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines11 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News10 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News11 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
