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    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa secures High Court Approval to boost future shareholder returns

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Petrol Jumps ₦110 per Litre as Dangote Ends Naira Pricing

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    FG Suspends Planned N50,000 WAEC, NECO Fee Hike

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    WAEC, NECO Fees Jump 82% to N50,000 From 2027

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    Oil prices surge as US-Iran tensions reignite

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    Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

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    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

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    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    FG Suspends Planned N50,000 WAEC, NECO Fee Hike

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

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    Oil prices surge as US-Iran tensions reignite

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

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

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    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

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    Dangote refinery starts supply of petroleum products into Nigerian market

    Africa’s biggest IPO: Dangote Petroleum Refinery formally approach SEC

    NREIT Targets N210 Billion Capitalisation With New N30.4 Billion Offer

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    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

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    WAEC, NECO Fees Jump 82% to N50,000 From 2027

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

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

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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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