Business
Okonjo-Iweala one step to becoming WTO DG, Yoo Myung-hee of South Korea steps down
Dr. Ngozi Okonjo-Iweala, Nigeria’s nominee for the next Director General of the World Trade Organisation (WTO) is one step away from clinching the international job. this is consequence upon the withdrawal of the only remaining competitor for the job, South Korean Trade Minister, Yoo Myung-hee, who stepped down on Friday. The withdrawal clears the way for the Nigerian nominee, Ngozi Okonjo-Iweala, to become the WTO’s first woman and first African Director-General.
South Korea’s Trade Ministry had indicated in a statement that Yoo consulted with the United States, and other major countries before she “decided to renounce her candidacy”.
The process to announcing a successor to Roberto Azevedo was at stalemate last October after notable WTO ambassadors had endorsed Dr. Okonjo-Iweala for the DG job but the United States under the leadership of former President Donald Trump opposed her appointment, supporting the South Korean candidate.
The WTO had to suspend the process till the conclusion of the US Presidential election.
-
Business6 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business6 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business5 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Football5 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business6 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Politics1 week agoAppeal Court reserves judgment in case seeking deregistration of ADC, four other political parties