At last, the United States has endorsed Dr. Ngozi Okonjo-Iweala as a candidate for the post of Director General of the World Trade Organization (WTO) following the withdrawal of South Korea’s Trade Minister Yoo Myung-hee. In a statement from the Office of the United States Trade Representative sighted by The Daily, www.thedaily-ng.com, the nation stated: […]
WTO RACE: At last, the US endorses Okonjo-Iweala Read More »
The South Korean Trade Minister, Yoo Myung-hee, has withdrawn from the World Trade Organisation, WTO race. The battle to become the next Director General of the World Trade Organization (WTO) was highly contested by Nigeria’s Ngozi Okonjo-Iweala and the South Korean Trade Minister, Yoo Myung-hee. This means that Okonjo-Iweala now remains the only candidate for
WTO RACE: Korean candidate quits, leaving Nigeria’s Okonjo-Iweala as last woman standing Read More »
The Securities and Exchange Commission, SEC, has released new requirements for companies applying to act as Nominees for asset owners in Nigeria. Unlike in the past, SEC stated: “a Nominee Company shall have a minimum of three sponsored Individuals, one of whom shall be a compliance officer; b) The Managing Director of the Company shall
ASSET OWNERS: SEC emerges with new requirements firms registration for Nominees Read More »
Central Bank of Nigeria holds benchmark lending rate at 11.5% The Central Bank of Nigeria, CBN, has held its benchmark lending rate at 11.5 per cent at its first interest rate meeting of 2021, as it battles to combat rising inflation and a recession. According to Reuters, Governor Godwin Emefiele said all 10 members
Central Bank of Nigeria holds benchmark lending rate at 11.5% Read More »
COVID-19: CBN cautions FG against another lockdown By Eyo Nsima As the Federal Government to tackle the Corovarus pandemic, the Central Bank of Nigeria, CBN, has warned against imposing another total lockdown, arguing that it would impact negatively on the nation’s economy. The CBN Governor, Godwin Emefiele, who disclosed this in a communique issued at
COVID-19: CBN cautions FG against another lockdown Read More »
We’ll utilize petroleum revenue to develop Nigeria’s non-oil sector — President Buhari President Muhammadu Buhari, has promised to utilize the oil and gas revenue for diversification of Nigeria’s economy. The President, who spoke at the virtual inauguration of the National Oil and Gas Excellence Centre at the Department of Petroleum Resources headquarters, Lagos,
We’ll utilise petroleum revenue to develop Nigeria’s non-oil sector — President Buhari Read More »
The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg The African Development Bank has announced the addition of two new countries – Mauritius and Morocco – to its Bloomberg African Bond Indices (ABABI), marking a steady progress in
Mauritius,Morocco join African Development Bank Bloomberg bond index Read More »
Nigeria’s Net forex inflow drops by 26% to $3.87bn — CBN Net foreign exchange (forex) inflow into Nigeria’s economy dropped by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. The decline was driven by an 11.9 percent drop in foreign exchange inflow caused by 39.6 percent and
Nigeria’s Net forex inflow drops by 26% to $3.87bn — CBN Read More »
First ever international virtual exhibition for Madinah dates organised under Aid for Trade Initiative for Arab States (AfTIAS) Under the patronage of HRH Prince Faisal bin Salman bin Abdul Aziz Al Saud, Governor of the Madinah Province, the Madinah Chamber of Commerce and Industry (MCCI), in cooperation with the Islamic Development Bank Group (IsDBG), the
Enables bank to expand its offering to power digital payment acceptance among SMEs, large corporations, public institutions and individuals NBS Bank, a leading commercial bank in Malawi, launches its state of the art e-commerce platform, powered by Network International (www.Network.ae), the leading enabler of digital commerce across Africa and the Middle East. The implementation of
