History beckons as Okonjo-Iweala appears before WTO board today
Ngozi Okonjo-Iweala, Nigeria’s former finance minister, moves a step closer towards realising her ambition to head the World Trade Organisation. She will appear before WTO’s board to espouse her vision for the organisation. Seven other candidates for the organisation’s director general will also take their urns to appear before the board this week. Following the […]
Coast becoming clearer for Okonjo-Iweala as ECOWAS endorses her for WTO DG
Ngozi Okonjo-Iweala recieved another big endorsement in her quest to become the director general of the World Trade Organisation as the Economic Community of West African States has declared its support for her candidacy. The big endorsement came via a statement signed by Mahamadou Issoufou, the President of Niger, on behalf of the heads of […]
Buhari nominates Okonjo-Iweala to head WTO
President Mohammadu Buhhari has approved the nomination of a former Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, for the position of director-general of the World Trade Organisation. TheCable reported that Buhari withdrew the candidacy of Yonov Agah, Nigeria’s permanent representative to WTO, for the same position. The election is scheduled to hold in Geneva, Switzerland […]
WTO says quarterly trade growth could weaken further
The World Trade Organization (WTO) said on Thursday that its latest economic barometer showed that the growth in merchandise trade was likely to weaken further in the third quarter. Its quarterly trade growth indicator showed growth in global goods trade was likely to weaken, with a reading of 95.7. In its previous quarterly report in […]
Gold prices drop, could slide further as dollar continues to rise
Gold prices dropped on Tuesday, as the dollar rose on the expectation of a US interest rate increase later this month, amid fears of China-US trade war escalation. Spot gold was down 0.2% at $1,193.07 an ounce at 2.58am GMT. US gold futures were mostly steady at $1,199.60 an ounce. A fresh wave of US […]
Trade, most effective tool in fight against poverty – WTO
Roberto Azevedo, the Director-General of the World Trade Organisation (WTO) Thursday in Abuja said trade was the most effective tool to fight poverty. Azevedo said this at a two-day high-level policy and private sector trade and investment facilitation partnership forum in Abuja. According to him, this can be boosted with connectivity and good infrastructure, saying […]
WTO upgrades trade forecast for 2017 on resurgent Asian flows
The World Trade Organization (WTO) on Thursday revised upward its forecast for global trade growth in 2017 to 3.6 percent, from the previous estimate of 2.4 percent, citing a sharp acceleration in global trade growth in the first half of the year. According to WTO economists, stronger growth in 2017 was attributed to a resurgence […]
World trade to post modest recovery in Q3 with 6-year high reading of 102.6 points
The World Trade Organisations’ (WTO) latest World Trade Outlook Indicator (WTOI) released Monday, August 07, suggests that global merchandise trade growth will continue to strengthen in the third quarter of 2017. The latest reading of 102.6 is higher than the previous reading of 102.2 issued in May this year, suggesting sustained momentum for trade growth. […]