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November 30, 2024 Ngozi Okonjo Iweala Gets Nod for 2nd Term as World Trade Organization DG

Ngozi Okonjo Iweala Gets Nod for 2nd Term as World Trade Organization DG

Nigeria’s NGOZI OKONJO-IWEALA has been reappointed as the Director General of the World Trade Organisation (WTO).

This is her second term in office. Her present stint will end on 31 August 2025. She was first elected as the Director General of World Trade Organisation on February 15, 2021.

OKONJO-IWEALA, the first woman and the first African to head the World Trade Organisation was the only candidate in the race and had been all but assured a second term.

The organisation’s 166 members yesterday agreed to give incumbent NGOZI OKONJO-IWEALA a second term as director-general.

In her acceptance speech, she promised to get to work immediately and deliver on the results of improving the welfare of people around the world.

Since taking the WTO reins, OKONJO-IWEALA has tried to breathe new life into the fragile organisation, pushing for a fresh focus on areas like climate change and health.

Meanwhile, President BOLA TINUBU has congratulated Dr NGOZI OKONJO-IWEALA, on her unanimous re-election as the Director-General of the World Trade Organisation.

TINUBU in a statement also assured OKONJO-IWEALA of Nigeria’s steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices, and tireless efforts to promote international cooperation

November 28, 2024 Port Harcourt Refinery Selling PMS at N1,045 – PETROAN

Port Harcourt Refinery Selling PMS at N1,045 – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria – PETROAN has confirmed that the recently rehabilitated Port Harcourt Refinery has begun selling petro at 1,045 naira per litre, a price 75 naira higher than the 970 naira per litre offered by Dangote Refinery.

The refinery resumed operations on Tuesday after years of inactivity, drawing initial praise from Nigerians and industry stakeholders.

However, concerns have arisen over the higher petrol price compared to the ex-depot prices currently available in the country.

Speaking yesterday, PETROAN’s National Public Relations Officer, Dr. JOSEPH OBELE, noted that it has discouraged marketers from lifting products from the refinery.

November 28, 2024 Etinan LGA Boss Dissolves ALL Revenue Collection Committees

Etinan LGA Boss Dissolves ALL Revenue Collection Committees

The Executive Chairman of Etinan Local Government Area Honourable Uko Umoh has approved the dissolution of all revenue committees operating on behalf of Etinan Local Government Area.

In a release signed by the Revenue Officer, UkpongEkpedeme Alexander and made available to the Press, the Council also announced the month of December as ticket free.

The release added that all heads of committees are to return all council properties in their possession for official documentation.

The release also warned that no individual or group is permitted to sell tickets for the month of December 2024.

November 28, 2024 Presidential Committee on Fiscal and Tax Insists the Current System Inhibits Growth

Presidential Committee on Fiscal and Tax Insists the Current System Inhibits Growth

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, TAIWO OYEDELE has alleged that the federal government has nothing to show for more than 60 taxes and levies collected across the country.

He made the claim at the Senate’s plenary yesterday, stressing that the current fiscal system practiced in the country inhibits growth and that the government does not want to lose tax base to other countries.

He explained that the need to reform the tax system in the country is because the federal government does not want to tax capital or poverty but investment.

He further noted that the Federal Government intends to halt the situation where Nigerian businesses are forced to pay tax even in the face of losses, compelling the need to scrutinise the system through key reforms.

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