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TRENDING

Global energy crisis pushes Nigeria to world’s highest diesel price increase October 10, 2026

Eko Atlantic US Consulate hits structural milestone after $95m local economic injection October 10, 2026

Chevening Alumni moves to close emergency response gap on Lagos-Ibadan Expressway October 10, 2026

Zenith Bank raises interim dividend 20% as H1 pre-tax profit hits N637.6bn October 10, 2026

MKH Properties raises N10bn as investor demand tops offer by 10.7% October 10, 2026

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Finance & Investment

Nigeria rebuilds net forex reserves to $46bn from below $1bn

October 9, 2026

Euro in 17-month low as France, Spain risks unsettle markets

October 9, 2026

Finance & Investments

Zenith Bank raises interim dividend 20% as H1 pre-tax profit hits N637.6bn

Finance & Investment

Zenith Bank raises interim dividend 20% as H1 pre-tax profit hits N637.6bn

October 10, 2026

MKH Properties raises N10bn as investor demand tops offer by 10.7%

Finance & Investment

MKH Properties raises N10bn as investor demand tops offer by 10.7%

October 10, 2026

ShafDB takes $100m housing bond to West African investors

Finance & Investment

ShafDB takes $100m housing bond to West African investors

October 10, 2026

Technology

EUMETSAT completes 56-station satellite network to boost Africa’s weather forecasting

EUMETSAT completes 56-station satellite network to boost Africa’s weather forecasting

by Joy Agwunobi

October 7, 2026

The European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) has completed the deployment of 56 satellite reception stations across...

GiveBack Backpacks opens digital learning opportunities for young Nigerians

by Business a.m.

October 7, 2026

L-R Hundreds of Nigerian students lift their first laptops high as Joshua Peters’ GiveBack Backpacks, Society of Performing Arts Nigeria...

Commodities

Oil steadies near $100 as Middle East exports offset fresh supply risks

Commodities

Oil steadies near $100 as Middle East exports offset fresh supply risks

October 6, 2026

India probes 380,868 tonnes of Niger soybean imports over origin concerns

Commodities

India probes 380,868 tonnes of Niger soybean imports over origin concerns

October 6, 2026

Copper rises 0.19% as October Fed hike odds fall to 18%

Commodities

Copper rises 0.19% as October Fed hike odds fall to 18%

October 5, 2026

Energy

Global energy crisis pushes Nigeria to world’s highest diesel price increase

Energy

Global energy crisis pushes Nigeria to world’s highest diesel price increase

October 10, 2026

Nigeria’s power reform faces Abuja’s centralisation trap

Energy

Nigeria’s power reform faces Abuja’s centralisation trap

October 5, 2026

Iranian container ship discharges 5,200 TEU at Kenya’s Lamu Port for Dangote’s $16bn refinery

Energy

Iranian container ship discharges 5,200 TEU at Kenya’s Lamu Port for Dangote’s $16bn refinery

October 4, 2026

Business Traveler/Hospitality

Nigeria courts India’s expertise to build local aviation MRO capacity

Nigeria courts India’s expertise to build local aviation MRO capacity

by Oluwadarasimi Omiyale

October 8, 2026

Nigeria and India are exploring an aviation partnership covering stronger air connectivity, aircraft maintenance, training and technical knowledge transfer, as...

One Gidi Night shows growing commercial value of Nigeria’s creative economy

One Gidi Night shows growing commercial value of Nigeria’s creative economy

October 8, 2026

The expanding commercial ecosystem around Nigerian storytelling was on display at the premiere of One Gidi Night, where film, entertainment,...

World Business & Economy

Euro in 17-month low

Frontpage

Euro in 17-month low as France, Spain risks unsettle markets

October 9, 2026

Developing economies risk missing global services boom, UNCTAD warns

Frontpage

Developing economies risk missing global services boom, UNCTAD warns

October 8, 2026

Please construct a Business A.M. frontpage business journalism story from this “The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found that industries across the board are increasingly embedding services in their products, even if they traditionally export physical goods. Business models are also changing, as firms look to “bundle services with their products” or move to sell services for goods, such as maintenance contracts. Services increased their overall share of global exports by four percentage points to 27% between 2015 and 2025. Over the past decade, services exports have also grown faster than goods exports, rising by around 6.7% each year. In 2025, services exports increased by 8.3%. This has been driven in part by digitally deliverable services, which UNCTAD said is “the fastest-growing segment of global trade”. These include services that can be “delivered remotely over computer networks”, such as financial and insurance services. The role played by intangible economic activities means that they now “should be viewed not only as a sector in their own right but also as critical inputs into the production and export of goods”, UNCTAD said. “The quality, cost and availability of services directly affect competitiveness and participation in global value chains across all sectors.” Yet developing economies have not benefitted equally, with services exports for these countries growing by just 3% annually. The report said that “poor connectivity, costly cross-border payments and skills gaps”, as well as a lack of data to assess the impact of services within trade overall, are all barriers facing developing economies. Developing economies have a far lower share of digitally deliverable services, accounting for just 16% of total services exports compared to developed economies, which have a share of 61% in 2024. This is due not only to weaker connectivity, but also “diverging export structures”, as developing countries rely on “traditional services such as transport and travel,” rather than digital services, the report said. AI may also widen the divide between countries, it added, with less than a third of developing countries having so far adopted national AI strategies. UNCTAD also noted that multilateral rules have not kept up with digital trade, and regional and bilateral agreements have led to greater regulatory complexity. “Developing countries need better data, stronger digital infrastructure and greater capacity to shape emerging rules,” it said. “Realising the development potential of services trade will require action on three fronts: better data, stronger digital foundations, and more inclusive international co-operation.” Participants in a recent GTR roundtable held in Singapore discussed why services trade may be the market’s next major opportunity. One banker described services trade as “one area that’s really growing, and one area that most banks are underestimating the potential for business”. Earlier this year, UNCTAD found that merchandise trade growth is expected to fall by as many as 3.2 percentage points in 2026 compared to last year. This was down to trade uncertainty and geopolitical tensions weighing on supply chains, shipping and investment decisions, researchers said.

WORLD BUSINESS & ECONOMY

Africa’s trade ambition runs faster than systems built to support it

October 8, 2026

Frontier Markets

Okonjo-Iweala berates Niger Delta states for unsatisfactory economic performance

Nigeria Frontier Markets

Okonjo-Iweala berates Niger Delta states for unsatisfactory economic performance

September 19, 2026

Rivers' N1.854trn 2026: too late on arrival, amid stalled projects, missed critical windows - analysts say

Frontpage

Rivers’ N1.854trn 2026 budget: Too late on arrival, amid stalled projects, missed critical windows – analysts say

September 7, 2026

Please construct a business journalism image from this "Nigeria littoral states should drive investments to tap $24trn blue economy

Frontpage

Nigeria littoral states should drive investments to tap $24trn blue economy – group

ÓKÓBÌ attracts global partners as Imo community businesses target N600bn impact by 2028

Nigeria Frontier Markets

ÓKÓBÌ attracts global partners as Imo community businesses target N600bn impact by 2028

Comments

Comments

Adequate housing: A human right and economic necessity

October 7, 2026

subsidy

Comments

Fuel subsidy returns: What changed since 2023?

October 6, 2026

Nigeria

Comments

Nigeria’s interest rate cut as silver bullet for economy’s progress?

October 6, 2026

CBN

Comments

The risk or opportunity in CBN’s surprise rate cut

October 5, 2026

Analysists Insights

Nigeria

ANALYSTS INSIGHTS

Successful African founders’ lessons for Nigeria AI startups

October 7, 2026

Data

ANALYSTS INSIGHTS

Data classification must guide retention and deletion

October 6, 2026

aviation

ANALYSTS INSIGHTS

An aviation wake-up call on the insider threat

October 6, 2026

Nigeria

ANALYSTS INSIGHTS

Biggest AI business opportunities in Nigeria over the next decade

September 28, 2026

Partner Insights

Franchise

PARTNER INSIGHTS

The biggest mistakes people make when buying a Franchise

August 27, 2026

Please construct another image relating to this headline "The Experience Economy Draws Investor Capital

PARTNER INSIGHTS

The Experience Economy Draws Investor Capital

How Digital Wallets Reshape Nigeria's Entertainment Spending

PARTNER INSIGHTS

How Digital Wallets Reshape Nigeria’s Entertainment Spending

August 26, 2026

Recent News

Global energy crisis pushes Nigeria to world’s highest diesel price increase

Global energy crisis pushes Nigeria to world’s highest diesel price increase

October 10, 2026

Eko Atlantic US Consulate hits structural milestone after $95m local economic injection

Eko Atlantic US Consulate hits structural milestone after $95m local economic injection

October 10, 2026

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