Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala has emerged the Director General, World Trade Organisation, WTO. According to Reuters, a key group of WTO ambassadors has proposed Ngozi Okonjo-Iweala to lead the UN agency. The recommendation of former World Bank managing director, was made by three WTO ambassadors, the so-called “troika”. This followed their […]
The 27 European Union member states have backed Nigeria ’ s former finance minister, Ngozi Okonjo -Iweala , in her bid to become the first African and first female director-general of the World Trade Organisation. The EU member states are France , Germany , Austria , Belgium, Bulgaria , Croatia , Cyprus, Czech , Denmark […]
The Nigerian Shippers’ Council (NSC) and shipping companies are mulling the removal of demurrage on cargoes due to last week’s disruption. Head of Public Relations of NSC, Mrs. Rakiya Zubairu, said yesterday in Lagos that it was one of the ways to alleviate the hardship of shippers. She said that activities at Apapa, the port […]
The Nigerian National Petroleum Corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products. Dr Kennie Obateru, the Group General Manager, Group Public Affairs Division, disclosed this on Monday in Abuja. According to him, the long […]
The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before the National Assembly for consideration. The downstream oil and gas sector are currently regulated by the Petroleum Products […]
Most EU capitals back former Nigerian finance minister Ngozi Okonjo -Iweala to lead the World Trade Organisation , sources said Monday , but she has yet to receive unanimous backing. The 66- year was her country’ s first woman to hold the finance portfolio, between 2011 and 2015, and also has a long career as […]
The Oyo State Chapter of the All Farmers Association of Nigeria (AFAN) has denied the allegation that some of its members were allegedly involved in the poisoning of water sources available to the herdsmen and their cattle. Mr John Olateru, the Association’s Chairman, said that the herdsmen were only trying to be smart, having destroyed […]
Nigerian Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake of the shooting of protesters at Lekki, Lagos State, According to Thisday reports. THISDAY gathered at the weekend that preliminary assessment of the damage arising from attacks on financial institutions and their assets […]
The latest quarterly report issued by the Nigerian Electricity Regulatory Commission, NERC, showed that a total of N114 billion was collected as revenue by the 11 electricity Distribution Companies, DISCOs in the first quarter of 2020. The report also indicated that while the collection efficiency decreased considerably, the regulatory agency listed Abuja, Benin and Eko […]
A total of 31. 41 per cent of goods imported into Nigeria are from China , according to the National Bureau of Statistics . The NBS stated in its report on ‘ Foreign trade in goods statistics ’ for second quarter of 2020, that Spain topped the list of Nigeria ’ s exported goods . […]
