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China trains journalists to enhance quality reportage, foster bilateral relations



China trains journalists to enhance quality reportage, foster bilateral relations

The People’s Republic of China on Tuesday in Beijing, began the training of select journalists from developing countries to enhance their reportage and strengthen bilateral relations between China and their countries.

The News Agency of Nigeria (NAN) correspondent participating in the 14-day training in Beijing, reports that the event, which started on Aug. 16 will end on Aug. 29.

The program is sponsored by the Chinese Ministry of Commerce through its International Cooperation Dept. and organized by the National Radio and Television Administration (NRTA) Research and Training Institute (RTI).

Speaking at the event, Mr Chang Jin, Second-Grade Counsel, NRTA, explained that the training was to equip journalists with the knowledge of advanced reporting to foster bilateral relations and people-to-people communication.

He added that the training, which is tagged: ”Seminar on News Media of Developing Countries,” seeks to equip, especially the conventional media practitioners, in the face of the new media, also known as social media.

Jin said: ”In the current day world, the media has a very important role to play in creating common understanding, maintaining peace and promoting joint development.

”The training will also equip media practitioners with the right approach to take in tackling fake news, misinformation and disinformation.

”NRTA sticks to the principle of equality, cooperation and mutual benefit in its relations with all partners in the world.

”We would like to learn from and cooperate with our partners in other countries, and offer assistance on our part in the possible ways we can.”

He also urged participants to pay keen interest during the training and pick up knowledge that would help their countries advance its conventional media like China’s.

“I hope with two weeks’ knowledge sharing, all participants can learn something about China’s experience in its radio, television and online audio-video industry.

“Participants can look towards adopting and promoting the online audio-visual industry to meet with the trend and high demand of the new media.

“I also hope this is a chance for us to facilitate mutual cooperation as well,”Jin said.

Mr Mawugnon Afanou, a participant and Communication Advisor to the Togolese Minister of Communication and Media, who spoke on behalf of all the participants, expressed their gratitude to the Chinese government for the gesture.

He noted that all the participants had great expectations for the training, adding that it would help develop the media sector and further strengthen bilateral relation between countries.

“As representatives of emerging nations, we seize this exceptional opportunity to express our gratitude to the Chinese government for its continued commitment to strengthening media capacities in developing countries.

“In reality, this seminar holds great importance for our region, as it provides a conducive framework for the exchange of experiences and mutual learning in the field of media, particularly leading to the discovery of the Chinese media landscape and its best practices.

“Over the next two weeks, we have no doubt that we will have the privilege of benefiting from the knowledge and expertise of distinguished media trainers and practitioners,’ he said.

Afanou said that participants would utilize the skills which they would acquire in Beijing in promoting journalism professionalism, and the central role of media in the development of their respective countries.

“This initiative reflects the sincere friendship between China and the represented countries here, and we are firmly committed to making good use of these teachings to further contribute to the creation of informed and enlightened societies, in a win-win partnership.

“Furthermore, our gains will not be confined within the borders of China, even though they are, admittedly, immense.

“These gains will serve in our media activities and beyond, benefiting our colleagues with whom we will share them upon our return to our countries,” he added.

Participants were drawn from Bolivia, South Sudan, Burundi, Cameroon, Nigeria, Togo, Kiribati, Laos, Pakistan Sri Lanka, and Tajikistan, among others.



Hardship: Protesters Defy Police Warning, Hit Lagos Streets



Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism



In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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