Tag: International Trade

IMF allocates $3.35b special drawing rights to Nigeria
IMF allocates $3.35b special drawing rights to Nigeria

The International Monetary Fund has allocated the sum of three point three-five billion dollars to Nigeria under its Special Drawing Rights. The allocation is part of about six hundred and fifty- billion dollars approval of a general allocation by the IMF Board of Governors. The IMF allocation announced by the Managing Director, Kristalina Georgieva, is meant to…

WTO confirms Ngozi Okonjo-Iweala as DG
WTO confirms Ngozi Okonjo-Iweala as DG

The World Trade Organisation has confirmed Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala as its first African and first female Director General. The WTO had been without a leader for nearly six months, and Okonjo-Iweala became the sole contender for the top job after her South Korean rival withdrew from the race. In a televised acceptance address from…

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