By Joke Kujenya OF THE 164 World Trade Organization (WTO) member states, 58 have supported a proposal from the African Group to re-elect Ngozi Okonjo-Iweala as Director-General. The proposal, made during a WTO General Council meeting on July 22, urges the initiation of the reappointment process soon. Adebayo Thomas, Director of Press and Publi...
By Joke Kujenya AT THE Sixth Mid-Year Coordination Meeting in Accra, Ghana, President Bola Tinubu reviewed recent progress and challenges for the West African Economic Community (ECOWAS). As Chairman of the ECOWAS Authority of Heads of State and Government, Tinubu highlighted the bloc’s achievements and future goals. Under his leadership, ECOW...
By Jemimah Wellington, JKNMedia Reporter NIGERIA’s PRESIDENT Bola Tinubu will leave Abuja for Accra, Ghana, on Saturday, July 20. He will attend the Sixth Mid-Year Coordination Meeting of the African Union (AU). This meeting includes the Regional Economic Communities (RECs), the Regional Mechanisms (RMs), and the African Union Member States. A...
By Joke Kujenya DIDI ESTHER WALSON-Jack has been appointed by President Bola Tinubu as the new Head of the Civil Service of the Federation. Her term begins on August 14, 2024. Walson-Jack will succeed Folasade Yemi-Esan, who retires on August 13, 2024. President Tinubu expressed gratitude to Yemi-Esan for her service. He emphasized the importa...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has revised its forecast for Nigeria’s economic growth in 2024, lowering it to 3.1 percent. The reduction follows weaker-than-expected growth in the first quarter of the year. In its July 2024 World Economic Outlook (WEO), released on Tuesday, the IMF attribut...
By Joke Kujenya THE GLOBAL economy is projected to grow by 3.2% in 2024, maintaining the forecast from the April 2024 World Economic Outlook (WEO) report. JKNewsMedia reports that the growth rate is expected to slightly increase to 3.3% in 2025. This stability comes despite initial year activities narrowing the output divergence among various ...
By Joke Kujenya PRESIDENT OF the African Development Bank (AfDB), Dr. Akinwumi Adesina, has criticized Nigeria’s decision to permit extensive food importation. He warns this policy risks undermining the country’s agricultural sector. Adesina voiced his concerns following the announcement by Nigeria’s Minister for Agriculture, Abuba...
By Joke Kujenya NIGERIA’S INFLATION rate soared to 34.19% in June, reaching a 28-year high. The National Bureau of Statistics (NBS) released the data on Monday. This marks the 19th consecutive month of rising inflation. In May, the rate was 33.95%. Reforms by President Bola Tinubu contributed to this surge. Cutting petrol and electricity...
By Helen Okechukwu, JKNewsMedia Reporter WITH THE aim to bolster security and protect lives and property across Nigeria, the Nigeria Police Force (NPF) has announced it will begin enforcing the digital Central Motor Registry (e-CMR) on July 29, 2024. This initiative was announced by the Force Public Relations Officer, Olumuyiwa Adejobi on Satu...
By Joke Kujenya OVER 70% of Nigerians refused to pay bribes in 2023, a new report from the United Nations Office on Drugs and Crime (UNODC) reveals. The report, “Corruption in Nigeria: Patterns and Trends,” was produced with the National Bureau of Statistics (NBS), the MacArthur Foundation, and the Government of Denmark. It is the ...
