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Tag: bloomberg

Report: Why Europe’s Rush For Africa’s Gas Smacks Of Hypocrisy

Gas plant
Europe’s growing pressure on Nigeria and a handful of other African countries to produce more gas for export, while declining to fund such projects citing carbon emission reasons has hypocrisyRead More

Naira Weakens To Lowest In Three Years

Naira exchange rate
Nigerian Naira yesterday weakened to the lowest in over three years in the parallel market, due to increased demand for US Dollars, amid foreign currency shortages. The local currency depreciatedRead More

FG Exempts Dangote Cement From Land Border Closure

Dangote Cement
The Federal Government has allowed Dangote Cement to resume exports across its land borders, raising hopes that the country may be opening up trade with neighbors after a year-long blockade.Read More

European Union Backs Okonjo-Iweala For WTO DG

European Union
The European Union (EU) governments yesterday expressed support for Dr. Ngozi Okonjo-Iweala, Nigeria’s candidate for the position of the Director-General (DG) of the World Trade Organisation (WTO) as the raceRead More

WTO: Okonjo-Iweala Scales 1st Hurdle As 3 Candidates Drop Out

Ngozi Okonjo-Iweala
The dream of Nigeria’s Dr. Ngozi Okonjo-Iweala becoming the next Director General of the World Trade Organisation (WTO) got a boost yesterday, when the body’s General Council listed her amongRead More

WTO: Okonjo-Iweala, Four Others To Emerge Final Candidates

Ngozi Okonjo-Iweala
The World Trade Organisation (WTO) is set to announce on Friday the departure of three candidates in the race for the position of the Director General of the global tradeRead More

Nigeria Oil Industry Wobbles As Price Drop Slams Economy

Crude oil
The collapse in oil prices linked to the coronavirus crisis has seen Nigeria’s revenues from crude dry up and left Africa’s largest economy more threatened than ever by its dependenceRead More