World Trade Organisatio—WTO– Director General Dr. Ngozi Okonjo-Iweala acknowledges an artist portrait in a post on X on Thursday, stating: “Wow! Several friends have forwarded this to me. I don’t normally like portraits of myself ( I don’t believe I am that important to warrant portraits) but I do want to salute @BamaiyiDanladi for his...
Category: Business and Economy
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Nigeria’s Economy Grows by 4.23% in Q2
National Bureau of Statistics (NBS) revealed the Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent in the second quarter of 2025, a 0.75 per cent point higher than the 3.48 per cent recorded in Q2 2024. According to the NBS reports, the non-oil sector maintained dominance in the economy, contributing 95.95 per cent...
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BREAKING NEWS: Deji Adeleke’s 1250MW Power Plant Set for Commissioning — One of Nigeria’s Largest Energy Projects ❤🇳🇬🫡
A landmark in Nigeria’s energy sector is set to go live as the 1250MW power plant spearheaded by billionaire businessman, Dr. Deji Adeleke, is now fully completed and ready for commissioning. According to sources close to the project, the only step remaining is its connection to the national gas grid. Once operational, it will rank...
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Poland Discovers One Of Europe’s Largest Oil Deposits In A Decade
The Wolin East 1 well is estimated to hold 22 million tonnes of crude oil and 5 billion cubic metres of natural gas, with the broader concession potentially containing even more. Central European Petroleum (CEP) has announced Poland’s largest and one of Europe’s most significant conventional oil finds in a decade, located off the central...
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Dangote Submits Paper Works To Build Nigeria’s Largest Seaport In Olokola, Ogun State
Africa’s richest person has applied to begin work on a seaport near his fertilizer and oil refinery plants to make it easier to export goods — including liquefied natural gas — and support the rapid growth of his industrial empire. Aliko Dangote’s plan “to build the biggest, deepest port in Nigeria,” took wings after he...
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“Zambia Becomes The 105th Member To Deposit Its Instruments Of Ratification For The Fisheries Subsidies Agreement”—WTO
World Trade Organisation Director General Ngozi Okonjo-Iweala: “Zambia becomes the 105th member to deposit its instruments of ratification for the Fisheries Subsidies Agreement. “Leaving us with 6 more to go! Thanks for H.E Ambassador Eunice Tembo Luambia and her team, to Madam Vice President Mutale Nalumango and H.E Mr President @HHichilema and the entire Zambian...
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BREAKING: Dangote Refinery Slashes Petrol Price Below N8501st July 2025
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from...
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WTO DG Ngozi Okonjo-Iweala And European Commission President H.E Ursula von der Leyen At The International Conference On Financing For Development
Dr. Ngozi Okonjo-Iweala: “In Sevilla, at the International Conference on Financing for Development. Talking WTO reform with European Commission President H.E @vonderleyen, who reaffirmed the @EU_Commission’s strong support for the WTO, reiterated the need for reform and repositioning of the organization to better serve members, and expressed her willingness to work hard with other members...
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China’s Economy Slows In April As Trade War Blues Hit Retail Sales, Housing And Investment
China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs of up to 145%, and 125% retaliatory duties imposed by Beijing, took effect and shipments were curtailed. National Statistics Bureau spokesperson...