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    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    Sharia Council asks INEC to hold all elections same day

    Sharia Council asks INEC to hold all elections same day

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    How Osun state governor, Adeleke was sacked by tribunal

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    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    MTN Nigeria set to allot ‘incentive shares’ to shareholders

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    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

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    How to move to Canada by starting a business – Part 1

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    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Just in: WTO DG battle – Okonjo-Iweala retained, 3 candidates evicted

Friday, 18 September 2020, 4:35 pm
in News, World
0
Ngozi Okonjo-Iweala to be Nigeria’s Candidate for WTO DG – President Buhari
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The World Trade Organization (WTO) took another step towards selecting its next Director-General on Friday, as General Council Chair David Walker of New Zealand and his two co-facilitators in the selection process disclosed which of the eight candidates that will advance to the next stage of the process.

Ngozi Okonjo-Iweala, Nigeria’s former Minister of Finance, has been included among the five candidates that will proceed to the next stage of the selection process.

According to the press release by the WTO other candidates are; Yoo Myung-hee of the Republic of Korea, Amina C. Mohamed of Kenya, Mohammad Maziad Al-Tuwaijri of the Kingdom of Saudi Arabia and Liam Fox of the United Kingdom.

The Geneva-based WTO said Abdel-Hamid Mamdouh of Egypt, Jesus Seade Kuri of Mexico and Tudor Ulianovschi of Moldova did not secure enough support in the first of three rounds of voting.

  • Read also; Just in: FG apologizes for asking bank account holders to fill Self-Certification form
  • The US will ban TikTok and WeChat app downloads from September 20

Okonjo-Iweala had in July said that she would be Proactive, Supportive & Solutions-Oriented if she is selected as the WTO DG.

The second phase of consultations will begin on 24 September and run until 6 October. During this time, members will be asked in the confidential consultations to express two preferences to the facilitators with an eye to bringing the number of candidates from five to two

The General Council agreed on 31 July that there would be three stages of consultations held over a two-month period commencing 7 September.

During these two months the number of candidates would be reduced from eight to five and then two before a consensus is reached on which of the candidates becomes the WTO’s 7th Director-General.

In trimming the roster of candidates from eight to five, WTO members have concluded the first of these consultative stages.

The consultation process taken by facilitators has been set by guidelines established by the General Council in a 2002 decision.

According to these guidelines, the key consideration in determining which candidate is best poised to achieve consensus is the “breadth of support” each candidate receives from the members.

The process for selecting a new Director-General was triggered on 14 May when former Director-General Roberto Azevêdo informed WTO members he would be stepping down from his post one year before the expiry of his mandate. He subsequently left office on 31 August.

Written by;

Ifunanya Ikueze

Related Posts:

  • Okonjo-Iweala, WTO and Nigeria: Internal Worries
    Okonjo-Iweala, WTO and Nigeria: Internal Worries
  • Ngozi Okonjo-Iweala becomes first female WTO Director-General
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  • Ngozi Okonjo-Iweala to be Nigeria's Candidate for WTO DG - President Buhari
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  • If Selected as WTO DG, I would be Proactive, Supportive & Solutions-Oriented: Okonjo-Iweala
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