Business

OPINION: Nigeria’s Changing Legal Regime; Is Africa’s Biggest Oil Producer Finally Within Reach of a New Oil Law?

By NJ Ayuk   This week, the African Energy Chamber will publish a report outlining its short-term predictions for the continent. That report, Africa Energy Outlook 2021, identifies Nigeria as the country with the most potential for increasing hydrocarbon production. But it also points out that Nigeria faced certain challenges …

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UK Economy 7-10% Below Pre-COVID Levels- Bank Of England Chief

  Bank of England governor Andrew Bailey on Thursday said UK economic output in the third quarter was between seven and ten percent below pre-pandemic levels. While this was far better than at the start of the pandemic, Bailey warned there was still an unprecedented level of uncertainty and that the risks to the economy are … Continue reading UK Economy 7-10% Below Pre-COVID Levels- Bank Of England Chief

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Asian Stocks Rise On Hopes For Post-Election US Stimulus

  Asian markets mostly rose Thursday as investors tracked a Wall Street rally, with investors increasingly confident Joe Biden and the Democratic Party will win the presidency and both houses of Congress, paving the way for a huge new stimulus. Donald Trump’s decision to break off talks for a second rescue package gave global traders … Continue reading Asian Stocks Rise On Hopes For Post-Election US Stimulus

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Okonjo-Iweala Closer To WTO DG Job, Makes Final Stage – Sources

  Nigeria’s Ngozi Okonjo-Iweala has reached the final stage in the race to lead the World Trade Organization. The former finance minister alongside Yoo Myung-hee of South Korea, has remained in the running. Sources familiar with the decision said Wednesday, in what will be a first for the trade body. The official announcement of the … Continue reading Okonjo-Iweala Closer To WTO DG Job, Makes Final Stage – Sources

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WTO Sees Softer-Than-Expected Global Trade Drop

  Global trade, devastated by the coronavirus crisis, will shrink by less than expected this year but the rebound will also be much weaker than previously forecast, the WTO said Tuesday. Revising its prior “optimistic scenario” forecast of at least a 12.9-percent contraction in 2020, the World Trade Organization said it now expected global trade to shrink … Continue reading WTO Sees Softer-Than-Expected Global Trade Drop

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European Union Backs Okonjo-Iweala For WTO Job

  The European Union governments has thrown support behind Nigeria’s candidate, Ngozi Okonjo-Iweala, for the position of the director-general of the World Trade Organisation (WTO). The EU also expressed support for Korea’s, Yoo Myung-hee. This was disclosed to Bloomberg on Monday by an unnamed official source. Bloomberg reported that EU member-country envoys agreed on Monday … Continue reading European Union Backs Okonjo-Iweala For WTO Job

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Why Merit Is Crucial To Economic Growth –  Osinbajo

  Vice President Yemi Osinbajo says Nigeria’s desire and pursuit of economic growth and sustainable development is best achieved through the adoption of merit as a national value. He made the remarks in a keynote address delivered at the Nigeria Leadership Initiative (NLI) webinar series with the title, “A National Conversation on Rebuilding our National … Continue reading Why Merit Is Crucial To Economic Growth –  Osinbajo

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[email protected]: Peterside Wants Banks To Give Nigerians Easier Access To Loans

  Mr Atedo Peterside, an investment banker and pioneer chief executive officer of Stanbic IBTC Bank Plc, says Nigerians must be granted freer access to loans if financial inclusion is to be deepened in the nation.  Speaking as a guest on Covenant Christian Centre’s flagship programme, The Platform, Mr Peterside said a large percentage of … Continue reading [email protected]: Peterside Wants Banks To Give Nigerians Easier Access To Loans

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Buhari Calls For Reallocation Of IMF Reserve Assets

  In an effort to address urgent financing needs and advance the sustainable development of countries in the era of COVID-19 and beyond, President Muhammadu Buhari has called for the reallocation of unused International Monetary Fund (IMF) reserve assets also known as Special Drawing Rights (SDRs), currently held by developed countries, to support recovery efforts … Continue reading Buhari Calls For Reallocation Of IMF Reserve Assets

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