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    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

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    Anambra to begin payment of new minimum wage.

    Soludo Shuts Onitsha Market for a Week Over Adherence to Monday Sit-at-Home

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    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

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    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

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    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    ​Tantalizers Plc reports N25.9 million loss in Q2 2025

    Tantalizers Plc Secures ₦2bn Equity Investment as Entertainment Bet Gains Momentum

    Access Bank’s Bidvest Bank Acquisition Lapses as Deadline Expires

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    MTN Group Advances Talks to Buy remaining 75% Stake in IHS Towers for $2.76B

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    Neimeth Seeks NGX Approval for ₦4 per share Rights Issue as Shares Trade at ₦10.10

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    NGX Reg lifts suspension on Trading of Niger Insurance Plc’s shares

    Fortis Global Insurance Returns to NGX Trading Floor After 6-years Suspension

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Just In: President Xi Jinping re-elected leader of China

Sunday, 23 October 2022, 9:56 am
in News, World
1
Just In: President Xi Jinping re-elected leader of China
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On Sunday, 23rd October 2022, President Xi Jinping was re-elected the general secretary, the leader of the Chinese Communist Party (CCP) for an unprecedented third term.

According to the constitution of the Chinese Communist Party, the general secretary serves as an ex officio member of the Politburo Standing Committee, China’s top decision making body.

Have you read? Dubai Immigration stops visa approval for Nigerians

By his election, Xi Jinping has now secured another five years as the leader of China, and will also retain his role as chairman of the Central Military Commission, the highest defense body in charge of the People’s Liberation Army.

Xi Jinping is expected to retain his title as the President of China, which by Chinese laws is a ceremonial position.

Xi’s reelection came after a week-long 20th National Congress of the CCP concluded in Beijing in Saturday.

The Central Committee also picked members of the new Politburo Standing Committee, China’s most powerful decision-making body, which comprises seven people. Along with Xi Jinping, the committee will also consist of Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Li Xi and Ding Xuexiang – all of whom are described as allies of the president.

Xi introduced the new members of the Politburo Standing Committee as he led them onto the stage at Beijing’s Great Hall of the People to meet the press.

The Congress had also approved amendments to its constitution, which reiterated it’s opposition to Taiwanese independence and confirmed plans to enhance China’s military potential.

Xi Jinping will be the first Communist Party official to rule China for more than two terms since the founder of People’s Republic of China (PRC), Mao Zedong, who served as the party’s chairman between 1943 and 1976.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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