'We're Happy You Made It', Says President.. Eyes All-inclusive Int'l Trade WTO DG Offers Investment Support For Nigeria... Reveals Nigeria's Share Of Global Trade Is 0.33% From Segun Amure, (The New Diplomat's Abuja Bureau) President Muhammadu Buhari, Monday, hosted Dr Ngozi Okonjo-Iweala, newly appointed Director-General of the World Trade Organization (WTO), disclosing to her that…
By Abiola Olawale Dr. Ngozi Okonjo-Iweala, the new Director-General of the World Trade Organisation (WTO), on Monday, appreciated Nigerians for the support she received from them during the campaign for her current top job. Okonjo-Iweala, who visited the Ministry of Foreign Affairs appreciated Nigerians for their support and encouragement during the "tough race." Okonjo-Iweala had…
A Real Estate Consultant, Mr Meckson Okoro, said that the shock created by the Coronavirus (COVID-19) pandemic in the construction and real estate sub-sector would remain for a long time. Okoro, Managing Partner, M. I. Okoro and Associates, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. According to him,…
By Steven Kopits In its February Short Term Energy Outlook (STEO), the EIA forecasts this month's world oil consumption at 96.7 million barrels per day (mbpd). The oil supply, however, is much lower, only 93.6 mbpd, with the difference of 3.1 mbpd of necessity being drawn from crude oil and refined product inventories. By historical standards,…
Dr. Ngozi Okonjo-Iweala, the new Director-general of the World Trade Organisation (WTO) on Saturday arrived in Nigeria for the first time since her assumption of office at the Geneva-based body. Okonjo-Iweala had resumed official duty as the first African and female DG at the WTO on March 1. She is currently in the country for…
By Abiola Olawale The Minister of State for Petroleum Resources, Chief Timipre Sylva, has debunked the announcement contained in a template released by the Petroleum Products Pricing Agency, (PPPRA), announcing increment in the price of Premium Motor Spirit (PMS), also known as petrol to N212.6 per litre, describing it as 'completely untrue'. Following the reaction…
By Abiola Olawale The Price of Premium Motor Spirit (PMS) also known as petrol has hit N212.6 per litre, according to the latest monthly template released by the Petroleum Products Pricing Regulatory Agency (PPPRA). This comes days after the Nigerian National Petroleum Corporation (NNPC) denied planned hike in the price of the commodity. The announcement…
Mrs Karima Babangida, a Director at the Federal Ministry of Agriculture and Rural Development (FMARD), has said that Nigeria has the potential to produce more than 40 metric tonnes of Cassava per hectare (mt/ha). Babangida said this on Thursday at a workshop on cassava production, held at the National Root Crop Research Institute (NRCRI) Umudike,…
Transactions on the Nigerian Stock Exchange,NSE, returned to negative territory on Thursday, following sell pressure on Dangote Cement and 10 other stocks. Consequently, the All-Share Index declined by 234.08 points or 0.60 per cent to 38,697.17 from 38,931.25 on Wednesday. Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent,…