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Onome Amuge

Onome Amuge serves as online editor of Business A.M, bringing over a decade of journalism experience as a content writer and business news reporter specialising in analytical and engaging reporting. You can reach him via Facebook ,X and LinkedIn

Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Company & Business

Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

August 24, 2025

Onome Amuge Analysts at CardinalStone have upgraded their outlook on Nigerian Breweries Plc, citing a turnaround in profitability, improved operational...

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Investors lose ₦425.7bn on NGX as banking, insurance stocks drag index

Finance & Investment

Nigerian equities gain N505bn as FTN Cocoa, Beta Glass lead rally

August 24, 2025

Onome Amuge Nigeria’s stock market staged a strong recovery on Friday, snapping a three-day losing streak as investors added N505...

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Nigeria shares N2trn July revenues as states face pressure from lower oil receipts

National: Governance, Policy & Politics

Nigeria shares N2trn July revenues as states face pressure from lower oil receipts

August 24, 2025

Onome Amuge Nigeria’s federal, state, and local governments shared a total of N2.001 trillion in July, according to figures released...

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

Commodities

American soybean association bets on Nigeria’s aquaculture

August 24, 2025

Onome Amuge The United States is intensifying its agricultural partnership with Nigeria, backing initiatives to modernise fish farming while promoting...

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FCMB lifts half-year profit 23% as digital revenues and asset yields strengthen

Finance & Investment

FCMB lifts half-year profit 23% as digital revenues and asset yields strengthen

August 24, 2025

Onome Amuge First City Monument Bank Group Plc (FCMB) has reported a double-digit rise in half-year profit as stronger asset...

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NGX advances on heavyweight buying as turnover falls 60%

Finance & Investment

BUA Cement, MTN slump drags equities down N781bn

August 25, 2025

Nigeria’s stock market was stuck in a bearish condition on Thursday as heavy losses in BUA Cement and MTN Nigeria...

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Airtel Money takes digital finance growth story to London investors

Company & Business

Airtel Africa sees 70% upside as analysts turn bullish

August 24, 2025

Onome Amuge Airtel Africa shares could see a notable re-rating after CardinalStone Partners Limited raised its target price for the...

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Nestlé Nigeria boosts circular economy drive with safety training for plastic waste workers

Company & Business

Nestlé patents new cocoa processing method amid global supply strains

August 24, 2025

Onome Amuge Nestlé has unveiled a patented technology that it says could transform global cocoa production by boosting yields by...

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Houthi attacks, Hormuz tensions push Brent above $108

Commodities

Oil climbs on renewed Russia-Ukraine tensions, US demand boost

August 24, 2025

Onome Amuge Oil prices rose on Thursday, extending gains from the previous session, as renewed tensions between Russia and Ukraine...

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PepsiCo, DP World invest $20m in Nigeria snack plant as multinationals test Tinubu’s reform agenda

Company & Business

PepsiCo, DP World invest $20m in Nigeria snack plant as multinationals test Tinubu’s reform agenda

August 24, 2025

Onome Amuge PepsiCo and DP World have opened a $20 million production facility in Lagos, in a move that executives...

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Developing economies risk missing global services boom, UNCTAD warns

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.

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

October 8, 2026

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