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November 14, 2024 World Trade Organization to Convene Special Meeting to Formalize Okonjo-Iweala’s 2nd Tenure
IFMUYONEWS

World Trade Organization to Convene Special Meeting to Formalize Okonjo-Iweala’s 2nd Tenure

The World Trade Organization has said it would convene a special meeting of its General Council to advance the process for selecting the next Director-General.

A statement issued by Chairman of the General Council, Ambassador PETTER ØLBERG of Norway, said the meeting will be held on November 28 and  29, 2024.

The meeting follows the announcement by the Chairman on November 9, that no candidates for the position of Director-General had emerged by the 8th of November nomination deadline, other than the incumbent Director-General, NGOZI OKONJO-IWEALA.

The first day of the General Council meeting would allow members to hear a presentation from NGOZI OKONJO-IWEALA on her vision for the World Trade Organization, followed by a question-and-answer session.

The second day could then provide an opportunity for members to decide on the appointment of the next Director-General.

November 11, 2024 Labor Carpets Fuel Marketers Over Inflated Pump Prices
IFMUYONEWS

Labor Carpets Fuel Marketers Over Inflated Pump Prices

The Nigeria Labour Congress (NLC) has accused fuel marketers of inflating petrol prices, claiming the pump price is significantly higher than the actual market value.

The NLC contends that Nigerians are being exploited, with citizens enduring heightened suffering and hunger due to government policies that are pushing many into destitution.

In a communiqué released following its National Executive Council meeting, the NLC highlighted the severe economic hardship across the country and called for an urgent review of policies it described as anti-people.

The organization’s call underscores its growing concerns over the economic strain on Nigerians and its commitment to holding both fuel marketers and the government accountable for citizens’ welfare.

November 8, 2024 NNPCL Denies Dealing in Adulterated Petrol
IFMUYONEWS

NNPCL Denies Dealing in Adulterated Petrol

The Nigerian National Petroleum Company Limited (NNPCL) has said that it does not deal with adulterated petrol.

NNPCL Chief Corporate Communications Officer, OLUFEMI SONEYE, disclosed this in a statement he released to newsmen last night.

SONEYE also rejected a viral video showing a customer claiming to have bought adulterated fuel from an NNPC Retail outlet at Keffi Flyover in Nasarawa State.

The NNPCL has been entangled in controversies lately, arising from the increase in the price of petrol and the kick off of operations by the Dangote refinery.

October 30, 2024 FCCPC Warns Against Continuous Service Disruptions by Commercial Banks
IFMUYONEWS

FCCPC Warns Against Continuous Service Disruptions by Commercial Banks

The Federal Competition and Consumer Protection Commission (FCCPC) has warned financial institutions against continuing disruption in online banking services across Nigeria.

A statement by the commission’s Executive Vice Chairman/ Chief Executive Officer, TUNJI BELLO, said it was deeply concerned by the disruption which has hindered customers from accessing their funds, making payments, and carrying out essential transactions.

According to the commission, service providers are required by the Federal Competition and Consumer Protection Act to be transparent and communicate with customers openly and accurately.

It said during service disruption, it is essential that banks keep their customers fully informed about the causes, scope, and anticipated duration of any service issues.

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