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    FG approves 300% increase in electricity tariff

    NERC has no authority over state tariff – Enugu Electricity Regulator

    US Court clears Donald Trump to run for President

    Breaking: US and EU agree trade deal

    Federal Government commissions three “ultra-modern” oncology centers

    Federal Government commissions three “ultra-modern” oncology centers

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    How to register for Nnamdi Azikiwe University’s 2025/2026 Post-UTME and Direct Entry Screening

    Nnamdi Azikiwe University issues notice to Postgraduate Graduands on 17th Convocation Ceremony

    Nnamdi Azikiwe University’s guidelines for 2025/2026 POST-UTME, Direct entry screening exercise

    FG lists 4 border points in Ukraine Nigerians can cross to safety

    FG denies JSS1 admission age rumors, confirms 10-year minimum

    FG approves 300% increase in electricity tariff

    Enugu State Electricity Regulator lacks power to reduce electricity tariff – NERC

    UK bans Nigerian students and others from bringing family

    UK stops issuing new Health and Care Worker visas to foreign workers

    Trump wins a resounding victory in first Republican primary in Iowa

    Trump secures U.S. – Japan strategic trade and investment agreement

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Approval given for acquisition of International Energy Insurance Plc

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    Zenith, Access, Wema and five other banks meet CBN recapitalisation requirements

    Transcorp’s Board of Directors gives a nod to Final Dividend Declaration

    Transcorp announces ₦4.06 billion interim dividend for H1 2025

    Board of United Capital Plc (UCAP) declare 70 Kobo dividend per share for 2020 financial year

    United Capital Plc proposes ₦0.30 interim dividend for H1 2025

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    The Nigerian Exchange records impressive performance in H1 2025

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    Cryptocurrency: XRP hits new All-Time High at US$3.65

    NGX suspends trading in the shares of four listed companies

    Banking stocks plunge after CBN suspends banks under regulatory forbearance from paying dividends

    ELECTION: Cutix Plc reschedules Board Meeting

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    NGX Daily Equities Market Report: Market gains for third consecutive days

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    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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Chinese military naval base on our doorstep is a “red line”- Australia warns

Sunday, 24 April 2022, 10:15 pm
in News, World
0
Chinese military naval base on our doorstep is a “red line”- Australia warns
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Australian Prime Minister Scott Morrison declared on Sunday that a Chinese military base on the Solomon Islands would be an unacceptable “red line,” without adding how Canberra would retaliate.

The Prime Minister declared that a Chinese military base on the Solomon Islands would be a step too far for Australia and the US.

Also read; Nigerian Stocks (NGX Exchange): Top 3 gainers in the week ended 22nd April 2022

Australia is responding to a recently-signed security deal between Solomon Islands and China, a deal Australia considers to be an “aggressive” move.

“Working together with our partners in New Zealand and of course the United States, I share the same red line that the United States has when it comes to these issues,” Morrison said. “We won’t be having Chinese military naval bases in our region on our doorstep.”

A tiny archipelago sitting around 2,000km off the northeastern coast of Australia, the Solomon Islands made international news when it signed a security pact with China.

With the island nation reeling from violent protests last year, the deal – according to a leaked draft of the agreement – promises Chinese assistance in “maintaining social order” and allows China’s warships to dock at its ports.

Solomon Islands Prime Minister Manasseh Sogavare insists that the deal was necessary to beef up security and was “guided by our national interests.” He stated last week that the agreement does not allow China to set up a military base on the islands, something that Beijing has also stressed.

However, Australia and her allies fear otherwise. “The reality is that China has changed. China’s incredibly aggressive, the acts of foreign interference, the preparedness to pay bribes to get an outcome… that’s the reality of modern China,” Australian Defense Minister Peter Dutton told Sky News on Sunday. Beijing so far has not responded to these allegations of corruption.

In a joint statement, the US, Japan, Australia, and New Zealand said the pact poses “serious risks to a free and open Indo-Pacific,” and the White House warned that “if steps are taken [by China] to establish a de facto permanent military presence, power-projection capabilities, or a military installation… the United States would then have significant concerns and respond accordingly.”

However, like Morrison, the nature of a potential US response was not spelled out.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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