Business
UNIDO says 80% of World Trade is Supply Chains
The United Nations Industrial Development Organization (UNIDO) has called for a sustainable global supply chain as it now accounts for 80 per cent of world trade.”
Supply chains are essential to trade, and trade is essential to job creation but these supply chains must be sustainable,” said UNIDO.
In the latest document on ‘ Sustainable Supply Chains,’ posted on its website, the organisation noted that an estimated 450 million people are working in global supply chains.
Approximately 190 million of them are women. These jobs, working in the factories, farms and packing houses that supply the world’s clothing, goods and food, offer a promise of economic independence.
But the reality for millions of workers is excessive hours, often in difficult and unsafe working conditions, and wages that are not enough to make ends meet.
The exploitation of people and labour and the exploitation of the environment must not be the basis of our global economy.
We need fair global business practices and this requires companies to check human rights and environmental standards.
Companies must identify, bring to an end, prevent and mitigate negative impacts on human rights and the environment in the company’s operations, those of their subsidiaries and their supply chains.
This includes ensuring that their business strategy is compatible with limiting global warming to 1.5 °C in line with the Paris Agreement.
To save scarce resources, we need to improve sustainable supply chain operations and build a circular economy.”
Business
Oil Rises As US Rejects Iran Proposal
Iran said it is waiting for a definitive US response to its seven-day proposal to reopen the strait and other demands, adding that it will not ease its conditions after Trump rejected Tehran’s latest plan.
Brent crude climbed above $106 per barrel on Monday, recovering losses from the previous session after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, raising concerns that the restoration of oil flows through the critical waterway could face further delays.
Trump also said Tehran had overplayed its hand and expects negotiations to resume this week.
Meanwhile, Iran said it is waiting for a definitive US response to its seven-day proposal to reopen the strait and other demands, adding that it will not ease its conditions after Trump rejected Tehran’s latest plan.
Elsewhere in the Middle East, tensions remain high as Saudi Arabia intercepted Houthi drones heading toward Riyadh, along with a missile targeting Khamis Mushait in the south.
Alerts were also issued in Abha and Jazan, where Aramco operates energy facilities.
In the US, Trump is considering a ban on diesel exports as part of efforts to address elevated fuel prices.
Business
NGX Debuts Invest WhatsApp Channel
The channel provides investors with an additional, convenient way to participate in public offers.
Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel.
The channel provides investors with an additional, convenient way to participate in public offers.
Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521.
They can then follow the prompts to view eligible offers and complete the required subscription steps without downloading a separate application.
As part of the process, investors will select a stockbroker through whom their application will be processed, ensuring that brokers remain an integral part of the investment journey.
(VANGUARD)
Business
SEC Highlights Focus of National Capital Market Conference 2026
The conference will be declared open by the Vice-President of the Federal Republic of Nigeria, Senator Kashim Shettima.
The Securities and Exchange Commission (SEC) says that its forthcoming National Capital Market Conference 2026 will be used to officially launch the Nigerian Capital Market Master Plan 2.0 (NCMMP), and the National Savings Scheme, among other activities.
The conference will be declared open by the Vice-President of the Federal Republic of Nigeria, Senator Kashim Shettima, and hosted by the Honourable Minister of Finance and Coordinating Minister of the Economy, Professor Taiwo Oyedele.
In a statement , SEC Director -General, Dr. Emomotimi Agama, disclosed that the conference scheduled for 19 October, in Abuja, will bring together key stakeholders from the public and private sectors to discuss strategic initiatives aimed at further deepening the Nigerian capital market, enhancing domestic resource mobilization, strengthening investor participation, and supporting sustainable economic growth and national development.
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