BUSINESS

article

BUSINESSCOVID-19 PUSHED 115 MILLION PEOPLE INTO EXTREME POVERTY – WORLD BANK

For the first time in over two decades, global extreme poverty is expected to rise in 2020 due to COVID-19. The World Bank, in a statement on Wednesday, said the pandemic compounds conflict and climate change, which were already slowing poverty reduction progress. The bank estimated that an addit...

article

BUSINESSLEAST DEVELOPED COUNTRIES’ DEBT HIT $744BN IN 2019 – WORLD BANK

The World Bank’s latest edition of the International Debt Statistics (IDS) report has released more detailed data on countries’ external debt. The report gave a breakdown of what each borrowing country owes to official and private creditors. It also revealed the expected month-by-month debt-se...

article

NIGERIAN GOVT LISTS REASONS WTO SHOULD APPOINT OKONJO-IWEALA AS NEW DIRECTOR-GENERAL

The Federal Government has appealed to members of the World Trade Organisation (WTO), to endorse Nigeria’s nomination, Dr Ngozi Okonjo-Iweala, to become its Director-General. Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, stated this while speaking to reporters in Abuja...

article

OKONJO-IWEALA SET TO MAKE HISTORY AS WTO SELECTS FINAL TWO CANDIDATES

World Trade Organization (WTO) members have selected two final candidates for the final round, in the race to lead the organization, Bloomberg reports. They are: Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee. With the two women advancing to the final round of the selection proc...

article

GROUP CONDEMNS PLAN BY NIGERIAN GOVT TO REDISCOVER GRAZING RESERVES

The Middle Belt Movement for Justice and Peace, MBMJP, has expressed dismay over plans by the Federal Government to rediscover grazing routes and reserves in states across the country. It noted that such a move is a recipe for crisis in the various communities since developments have overtaken the ...

article

NIGERIAN GOVT LISTS REASONS WTO SHOULD APPOINT OKONJO-IWEALA AS NEW DIRECTOR-GENERAL

The Federal Government has appealed to members of the World Trade Organisation (WTO), to endorse Nigeria’s nomination, Dr Ngozi Okonjo-Iweala, to become its Director-General. Minister of State for Industry, Trade and Investment, Mrs Mariam Katagum, stated this while speaking to reporters in Abuja...

article

NIGERIA AT 60: BUHARI ANNOUNCES NEW PRICE FOR PETROL, GIVES REASONS

President Muhammadu Buhari has announced a new pump price of petrol in the country. Buhari said fuel would now be sold at N161 per liter in Nigeria, noting that other nations such as Ghana, Niger, Chad, Saudi Arabia and other oil-producing countries sell petrol on higher prices than Nigeria. He l...

article

ONDO GUBER: POLICE TAKE ACTION OVER FIRE INCIDENT AT INEC OFFICE

The Ondo State Commissioner of Police, Mr. Salami Bolaji, has described the fire which engulfed the Independent National Electoral Commission (INEC) Headquarters, in Akure as an unfortunate occurrence. Bolaji, who visited the scene of the inferno on Friday, said the Police Command, in conjunction ...

article

ECOWAS HALTS SINGLE CURRENCY LAUNCH

The Economic Community of West African States has postponed the launch of its planned single currency, Eco. The body agreed to maintain a gradual approach for the launching of the currency. ECOWAS explained that a new date for the launch would be announced later. This was contained in a communiqu...