AfCFTA, Quest Ghana Sign $5.17bn Deal for Digital Trade Corridor
AfCFTA and Quest Ghana have signed a $5.17bn joint venture to build digital trade infrastructure connecting African markets, payments and commodities. By GLEBM News Desk The African Continental Free Trade Area (AfCFTA) Secretariat and Ghanaian technology company Quest Ghana Limited have signed a joint venture agreement to establish a $5.17 billion AfCFTA Digital Trade Corridor,…
Uber Exits Nigeria After 12 Years as Ride-Hailing Industry Faces Tougher Business Climate
Uber has ended its 12-year Nigerian operations, highlighting rising costs, intense competition and growing challenges facing the country’s ride-hailing industry. By GLEBM News Desk Global ride-hailing company Uber has ended its operations in Nigeria after 12 years, bringing to a close one of the most prominent chapters in the country’s app-based transportation industry. The company…
Nigeria’s Remittance Inflows Hit Record $947m in July, Near CBN’s $1bn Target
By GLEBM News Desk Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country closer to the Central Bank of Nigeria’s target of attracting at least $1 billion monthly through official channels. The July figure, reported by several Nigerian business publications, represents the highest monthly inflow recorded through International…
Nigerian Stocks Gain N1.29tn as Investors Return to Banking, Oil Stocks
By GLEBM News Desk The Nigerian equities market gained approximately N1.29 trillion in market capitalisation last week, supported by renewed buying interest in selected banking and oil and gas stocks. The reports has it that market capitalisation rose to N155.83 trillion, while the NGX All-Share Index increased by 0.81 per cent week-on-week to 241,298.47 points….
Humanitarian Leaders Summit 2026: HLN Takes Outreach to Garki, Ketti, Supports Widows
Following its 2026 Humanitarian Leaders Summit, HLN reached 500 families in Garki and Ketti, providing food and wrappers to widows and vulnerable residents. By GLEBM News Desk The 2026 Humanitarian Leaders Summit and Awards has concluded in Abuja with humanitarian leaders, nonprofit organisations and social-impact advocates calling for stronger leadership, collaboration and practical interventions to…
Cambodia Strengthens Industrial and Digital Skills Through ILO-China Partnership
Cambodia trains 50 TVET instructors in industrial automation and digital construction through an ILO-China skills development partnership. By GLEBM News Desk Cambodia is strengthening its technical workforce as 50 technical and vocational education and training (TVET) instructors and technical professionals received advanced training in industrial automation and digital construction in China. The training, held from…
Global Youth Unemployment Rises as Decent Work Becomes Harder to Find — ILO
Global youth unemployment rose to 12.4% in 2025, with 67 million young people jobless, as weak growth and technology reshape employment prospect By GLEBM News Desk Global youth unemployment increased in 2025 as weak economic growth, declining entry-level jobs and rapid technological change made it increasingly difficult for young people to secure decent and stable…
NLC Mourns General Secretary Emmanuel Ugboaja, Says Labour Movement Has Lost a Titan
By Dara Kikelomo The Nigeria Labour Congress (NLC) has announced the death of its General Secretary, Comrade Emmanuel Okechukwu Ugboaja, Esq., mni, describing his passing as a major loss to the Nigerian labour movement and the global trade union community. Ugboaja died in the early hours of Saturday, August 22, 2026, following a protracted illness,…
Oil Marketers Reshape Debt Strategies as H1 Profits Improve Despite High Interest Rates
Nigeria’s oil marketers are adopting different debt strategies as stronger first-half profits compete with high interest rates and changing fuel demand. By GLEBM News Desk Nigeria’s listed oil marketing companies are taking sharply different approaches to managing debt and financing as improved earnings collide with high borrowing costs and changing demand in the downstream petroleum…
Nigeria Needs Stronger Digital Infrastructure to Unlock Data Economy — Galaxy Backbone
Galaxy Backbone says Nigeria needs stronger digital policies, infrastructure investment and collaboration to transform growing data resources into economic opportunities. By Kikelomo D. Nigeria’s ambition to build a data-driven economy will require significantly greater investment in digital infrastructure, stronger policies and closer collaboration between government, businesses and technology stakeholders, Galaxy Backbone has said. The digital…
