Category Archives: World Business

[VIDEO] WTO: See How Dr. Ngozi Okonjo-Iweala was chosen as WTO DG

Nigeria’s Two-time Former Finance Minister and Former World Bank Director-General, Dr. Ngozi Okonjo-Iweala was recently selected as the candidate with the best chance of becoming a consensus candidate for the position of Director-General of the World Trade Organization. Just after her selection by the Selection Committee, an announcement came saying that the United States delegation did not support the consensus

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WTO: Okonjo-Iweala gets the support of 79 countries

Nigeria’s Ngozi Okonjo-Iweala has expressed confidence in her quest to lead the crisis-wracked World Trade Organisation after all of Africa backed her candidacy, vowing she would champion reform. She expressed her confidence in the race after she received news that the 55-member African Union would officially support her candidacy over her sole remaining opponent, Yoo Myung-hee of South Korea for

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European Union endorses Okonjo-Iweala for WTO job – Report

Governments and countries of the European Union on Monday expressed support for Nigeria’s candidate contesting for the position of the director-general of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala. The race for the WTO top position has enters the final month with just five contestants left in the race. Alongside Nigeria’s candidate, the EU governments also have expressed willingness to

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Reps Move To Review Chinese Loan Agreements

The House of Representatives has said it would review all loan agreements and conditions signed by the Federal Government. The Vice- Chairman of the House Committee on Aid , Loans and Debt Management , Mr Chris Azubogu, stated this in an interview with newsmen. He said the House generally is concerned about the loan agreement and they are reviewing all

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Trump Fears Tiktok Might Be Tool For Chinese Intelligence, Moves To Ban App Soon

Donald Trump, President of United States has raised fear over the fast-growing social media app TikTok that it could be a tool for Chinese intelligence and might be considering barring the app in United States. Trump speaking said while being questioned that as far as TikTok is concerned, the government is banning it from the United States. He added that

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EU Excludes Nigerians, Americans, Others From Entering Europe As It Reopens Border In July

European Union Commission has released a list of 54 countries that qualified for travels into Europe as the union opens its borders that were shut to contain the spread of COVID- 19 . According to the list Nigeria, America, Brazil, Qatar, Russia and many other countries have been excluded from the list of countries whose travellers could be received into

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America Backs Down, Allows Chinese Airlines Landing Permit

The United States of America government has backed down from a ban threat issued to Chinese airlines saying the airlines will now be given limited of flights to the U.S The decision came one day after China appeared to open the door to U.S. carriers United Airlines and Delta Air Lines resuming one flight per week each into the country.

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Five Things That Make Your Smartphone To Damage

Without mincing words, smartphone is one gadget that has helped improved our day-to-day life. Modern man enjoys better communication, more profitable way of doing business and get loads of entertainment from this technology. Though smartphones are very important as mentioned but many people are not attaching importance to the maintenance of this technology. If thing is not properly taken care

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US Dollar Trails South Africa’s Rand For Eight Weeks

South Africa’s rand raced to its highest in more than eight weeks against the U.S. dollar on Tuesday, as optimism about a global recovery from the COVID-19 pandemic boosted riskier assets, with investors looking past Sino-U.S. trade tensions. At 0605 GMT, the rand traded at 17.4700 per dollar, 0.91 per cent firmer than its previous close. The currency was at

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US To Sanction Chinese Firms For Human Rights Abuse

The United States Department of Commerce has said on Friday that it would sanction a Chinese government institute and eight companies for human rights abuses against Uighurs and other minorities in China’s western Xinjiang region. “These nine parties are complicit in human rights violations and abuses committed in China’s campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance

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