Business A.M
No Result
View All Result
Thursday, February 19, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Okonjo-Iweala secures second term as WTO DG

by Admin
January 21, 2026
in Frontpage, WORLD BUSINESS & ECONOMY

Onome Amuge

The General Council of the World Trade Organisation (WTO), has extended the tenure of Ngozi Okonjo-Iweala, reappointing her as director-general for a second term.

Okonjo-Iweala was originally elected to the post in February 2021, with her current stint slated to expire on August 31, 2025. The WTO General Council’s decision paves the way for her new four-year term to commence on  September 1, 2025.

Okonjo-Iweala, the first woman and the first African to head the WTO was the only candidate in the race and has been assured a second term. This is as the organisation’s 166 members unanimously agreed to give the  director-general a second term in office. 

Okonjo-Iweala’s second term as WTO director-general was unanimously approved during a closed-door session of the organisation’s general council, confirming the 70 year old Nigerian economic veteran’s position for another four years.

Okonjo-Iweala’s current term was slated to wind down in August 2025, with a months-long appointment process typically required to fill the top WTO seat for the next mandate.

However, with Okonjo-Iweala standing alone as the sole candidate, African countries united in a call for the process to be fast-tracked, citing the forthcoming WTO ministerial conference in Cameroon in 2026 as the impetus for the expedited timeline.

Okonjo-Iweala, in a statement issued by the WTO on Friday,  expressed gratitude to the organisation’s 166 member nations for their continued trust and support.

“I am deeply honoured by the trust and support of the WTO General Council and its 166 Members. It is a privilege to continue serving as Director-General for a second four-year term,” she said.

Reflecting on her first term at the WTO, Okonjo-Iweala emphasised the significance of the organisation’s leadership in tackling the multitude of global challenges that have disrupted the world’s social and economic landscape, such as the devastating impacts of the COVID-19 pandemic, conflicts, and geopolitical tensions.

“In recent years, the WTO has played a vital role in helping members address pressing global challenges, including the pandemic, conflict, and heightened geopolitical tensions. I commend Members for their hard work and determination in achieving progress despite unprecedented levels of uncertainty and rapid economic shifts,” the WTO DG remarked.

Okonjo-Iweala pledged to maintain her advocacy for trade as a potent force for economic expansion, while reinforcing the pillars of the multilateral trading system,positioning global commerce as a crucial engine for sustainable growth.

 

Admin
Admin
Previous Post

Global climate goals in question amid COP29’s disputed $300m finance deal

Next Post

Bearish week wipes N185bn off investors’ portfolios in equities market

Next Post

Bearish week wipes N185bn off investors' portfolios in equities market

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026
Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M