Business And World Leaders Move On As Trump Fights To Reverse Election
Inside the wrought-iron fences that surround the 18-acre White House complex, the 2020 election rages on, with President Trump angrily refusing to concede. But the rest of the world — and President-elect Joseph R. Biden Jr. — is moving on. The leaders of Western Europe have called Mr. Biden, as has the president of the […]
Reps Determined To Pass ‘Satisfactory’ PIB In Six Months – Gbajabiamila
The Speaker of the House of Representatives, Femi Gbajabiamila, says members of the Green Chamber are determined to pass the Petroleum Industry Bill (PIB) within the next six months. He gave the assurance on Tuesday in Abuja when he received a delegation of the Oil Producers Trade Section (OPTS) under the Lagos State Chamber of […]
Nigerian Traders In Ghana Clamp Down
The Chairman of the Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa on Monday denied that Nigeria’s decision to close its borders prompted Ghanaian authorities to clamp down on Nigerian traders working in the West African nation. Hundreds of shops belonging to Nigerians have been closed in Ghana, prompting calls from some of the traders to […]
U.S. Economic Growth Hit A Quarterly Record, But A Shortfall Remains
U.S. economic output grew at the fastest pace on record last quarter as businesses began to reopen and customers returned to stores. But the economy has climbed only partway out of its pandemic-induced hole, and progress is slowing. The gross domestic product grew 7.4 per cent in the third quarter, the Commerce Department said Thursday. […]
NIGERIA’S OKONJO-IWEALA EMERGES DG OF WORLD TRADE ORGANIZATION
Ngozi Okonjo-Iweala, Nigeria’s nominee for the position of the Director-General of the World Trade Organisation (WTO), has emerged winner of the competitive race. According to Reuters, a key group of WTO ambassadors proposed Okonjo-Iweala to lead the trade organisation on Wednesday, The official announcement is expected to be made later today by WTO. Okonjo-Iweala was […]
U.S. budget suffers a deficit of $3.1 trillion in 2020, as pandemic slams the economy
The new White House data released evidently shows that the huge surge in spending to confront the economic fallout of the coronavirus pandemic fueled a historic increase in national debt; thereby, creating an unprecedented budget deficit. According to the exclusive government data released on Friday, the U.S. budget deficit eclipsed $3.1 trillion in the fiscal […]
WTO DG: Okonjo-Iweala gets the backing of 79 countries so far
Nigeria’s candidate for the vacant World Trade Organization (WTO) Director-General post, Ngozi Okonjo-Iweala, has expressed confidence in her quest to lead the crisis-ridden global trade organization after all of Africa backed her candidacy, vowing she would champion reform. This disclosure was made by Nigeria’s former Finance Minister at a virtual press briefing on Friday, October […]
FG to inject over N198 billion on capital projects in power sector in 2021
The Federal Government plans to inject N198.27billion on various capital projects in the power sector across Nigeria in 2021. This was disclosed in the 2021 Appropriation Bill, which President Muhammadu Buhari presented to the National Assembly recently. Breakdown: * National rural electrification, managed by the Rural Electrification Agency, will invest a total of N17.86billion on power […]
