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EU supports Nigerian Ngozi Okonjo-Iweala’s candidacy to World Trade Organization

The European Union has chosen its candidate to the helm of the World Trade Organization (WTO), the Nigerian Ngozi Okonjo-Iweala. The EU ambassador in Geneva has officially announced this choice on Tuesday, October 27.   Nigeria’s former Minister of Foreign Affairs and of Finance and former number two at the World Bank Ngozi Okonjo-Iweala would […]

Volkswagen Group Africa delivers strong export growth in 2024, eyes expansion plans in 2025

Volkswagen Group Africa (VWGA) is celebrating a significant achievement in 2024, setting a new export record with 131,485 vehicles shipped, marking a 21% increase over the previous record of 108,422 vehicles in 2019. This milestone highlights the company’s strengthened global presence, with its plant in Kariega, South Africa, being the sole exporter of Polo models […]

Nigeria on way to cut dependence on imported refined oil

Nigeria’s oil regulator (NUPRC) reached a deal with producers to ensure steady supply of crude to local oil refineries, a move that would help the country cut dependence on imported fuel. Africa’s richest oil country imports most of its refined oil needs partly due to oil majors demanding excessive premiums or saying they had no […]