World Trade Organisation

Mr Bayo Olugbemi, President, Chartered Institute of Bankers of Nigeria (CIBN) says the banking sector in Nigeria has a good capital base to facilitate the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement.

The tariffs are on “aircraft manufacturing parts from France and Germany, certain non-sparkling wine from France and Germany, and certain cognac and other grape brandies from France and Germany,” which will be added to the list of products taxed since 2019, according to a statement from the US Trade Representative.

The United States has suggested that the process to find a new Director-General of the World Trade Organisation (WTO) needs to be reopened, in what would be an unprecedented move.

Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, has urged the Federal Government to ensure everything possible is done to bring back the over 300 schoolboys abducted from Government Science Secondary School, Kankara, Katsina State.

The Donald Trump administration has included Nigeria on a list of countries that violates religious freedoms, as a dress rehearsal for sanctions for Africa’s most populous country and largest economy.

Nigeria's former Minister of Finance, Ngozi Okonjo-Iweala, has been named by business magazine Forbes as the African of the Year, becoming the first woman to clinch the award.

South Korea appears to have decided to withdraw its Minister of Trade, Ms. Yoo Myung-hee, from the race for the World Trade Organisation (WTO) director-general, paving the way for Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed as the head of the global trade body.

The United Nations Deputy Secretary-General, Amina Mohammed, has tasked women to take over leadership from the President Muhammadu Buhari in 2023.

A trade expert, Dr Sand Mba-Kalu, has said that electing Ngozi Okonjo-Iweala as Director-General of World Trade Organisation would address critical pending issues and bring a comprehensive reform in the organisation.

Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, on Saturday, highlighted six economic opportunities for Nigeria and other African countries as they strive to recover from the negative shocks of the pandemic.

A trade expert, Dr Olumuyiwa Alaba, has called on the Nigerian government to intensify diplomatic lobbying that will ensure that Dr Ngozi Okonjo-Iweala emerges as the new Director-General of the World Trade Organisation (WTO) on Nov. 9.

“It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November,” the head of the selection committee told member states.

Australia’s Trade Minister Simon Birmingham on Friday said that ongoing reports of bans and disruptions to the country’s key exports to China were deeply troubling.

The Presidency on Friday quoted the President of the European Council, Mr Charles Michel, as reiterating Europe’s support for the bid of Nigeria’s former Minister of Finance, Dr Ngozi Okonjo-Iweala, to become the next Director-General of the World Trade Organisation.

President of the European Council, Mr Charles Michel, has reiterated Europe’s support for Nigeria’s Dr Ngozi Okonjo-Iweala as the next Director-General of the World Trade Organisation (WTO).

The Anambra State Governor, Willie Obiano, has urged President Muhammadu Buhari and other African leaders, not to allow US President Donald Trump to frustrate Dr Ngozi Okonjo-Iweala’s bid to emerge as the next Director-General of the World Trade Organisation.

Former Nigerian Finance Minister, Dr Ngozi Okonjo-Iweala, says she remains positive of becoming the first African and first female director-general of the World Trade Organisation despite United States opposition to her candidacy.

The Federal Government has restated its commitment to ensuring that Nigeria’s Ngozi Okonjo-Iweala emerges as the Director-General of the World Trade Organisation.