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Global Gig Economy, African Digital Workers at Risk

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Professor Graham, addressing the 4th UNI Africa Conference in Dakar, Senegal, warned of the danger of ‘parasitic capitalism’ where digital companies give little back to the places where they are embedded and platform workers are left to fend for themselves.

UNI Global Union General Secretary Philip Jennings’ said research into the Future World of Work followed by action was crucial, “We have to face the reality – the research that has been undertaken by Oxford University, the World Economic Forum, the OECD and others all points to a bleak future of employment which cuts across many sectors. This poses policy questions at all levels and there needs to be more urgency in the policy response.”

Professor Graham, the Oxford-based digital expert, drew on his recently launched paper “Digital Labour and Development” and the corresponding report “The Risks and Rewards of Online Gig Work At the Global Margins.”

Professor Graham said, “There is an alternative to the ‘Upwork.com ’ and ‘Mechanical Turk’ model which is unfortunately successfully pushing the platform economy in its image. Unions must work together to produce an alternative which safeguards the rights of workers. There is no time for excuses because the new structures are being put into place now.”

Professor Graham proposed concrete solutions centred around creating bargaining power for digital platform workers including:

“We could imagine organisations committed to transparency and identifying best practices doing a lot to ensure that workers are paid living wages, have appropriate social and economic protections, and aren’t saddled with an undue amount of risk. So, a Fair Work foundation instead of a Fairtrade foundation – verifying and certifying these sorts of things.

“We can also use what we know about the socially disembedded nature of this work, to push for more of it to be sourced through firms, social enterprises, non-profits, and of course cooperatives – of the non-platform – variety – that adhere to local labour laws.”

“The geographically dispersed nature of digital work platforms has made it extremely hard to regulate. There are many who thrive in that environment. But the role of labour regulation should be to help the most vulnerable. One solution may be that employment status should be established in the place that a service is actually provided. Why should an employer based in Germany or the US be able to avoid adhering to labour laws and minimum standards just because they used a digital platform to connect with a worker?”

Professor Graham advocated creating a transnational digital workers’ union: “If we lack the physical proximity that unions traditionally needed, we at least need some sort of shared occupational identity…One explicit role for a digital workers’ union could be building class consciousness amongst the varied workers, part-time, temporary, full-time, entrepreneurs etc. Highlighting the precariousness of this work. Highlighting that workers are receiving many of the risks of entrepreneurship, but few of the rewards.”

Professor Graham concluded that he was not pessimistic about the Future World of Work but that we should not shy away from the challenges. He pointed out that some African countries were taking the initiative such as Nigeria’s government which has developed a programme called ‘Microwork for Jobs creation.’ Kenya’s government is planning something similar.

Instead of imagining digital work as being undertaken in digital spaces, beyond the realm of regulation and worker-led governance, let’s remember it all happens somewhere. Digital work always has a geography.  And we can use what we know about the economic geographies of digital work to envision and strive towards alternate and fairer future for working people in Africa and around the world.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

Nigerian Private Sector’s Stanbic IBTC PMI for July Eases to 52.5 Points

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Nigerian Private Sector Stanbic IBTC PMI

By Aduragbemi Omiyale

The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) for the Nigerian private sector in July 2026 contracted to 52.5 points from 53.4 points in June 2026, a statement made available to Business Post has shown.

This occurred despite the business environment sustaining its growth last month, with an increase in new orders experienced, as inflationary pressures softened, and output and employment modestly rising.

The Head of Equity Research West Africa at Stanbic IBTC Bank, Mr Muyiwa Oni, said the PMI indicated that the private sector recorded its slowest since March 2026, as businesses also increased their input purchasing activity to keep up with current demand requirements and prepare for future workloads.

“Nigerian businesses reported improved customer demand in July while better pricing and new product launches also helped them to capture new orders arising from the increase in demand. These factors helped to keep the private sector activity in an expansionary territory, although this moderated when compared to June,” he was quoted as saying.

It was stated that while input costs increased at their slowest pace in five months, panellists reported higher costs for fuel and raw materials. Selling prices also softened in line with the picture for input costs in July.

Headline inflation eased slightly to 15.91 per cent y/y in June from 15.93 per cent y/y in May, snapping three consecutive months of price increases.

Although July inflation is likely to be higher m/m, it is expected to print lower, likely at 15.72 per cent y/y, primarily driven by favourable base effects from the corresponding period of last year, because there are no expectations of the magnitude of m/m inflation witnessed in July 2025 (1.99 per cent) to materialise this year.

“We retain our 2026 growth forecasts at 4.1 per cent as we see the oil sector growing by 3.45 per cent y/y in 2026, from 8.50 per cent y/y in 2025, while the non-oil sector is likely to grow by 4.11 per cent y/y, from 3.71 per cent y/y in 2025.

“The risks to our outlook include country-wide insecurity which may constrain food production, exchange rate pressures resurfacing, extreme-weather related conditions and higher fertiliser prices impacting crop yield, and a volatile global environment which may affect sentiment and constrain capital flows,” Mr Oni noted.

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Economy

Sahara Upstream Ramps Up OML 18 Exports with New Tanker

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Sahara Upstream

By Adedapo Adesanya

Sahara Upstream, a Nigeria-focused crude producer, has deployed a new 380,000-barrel tanker to boost exports from the OML 18 block as part of a wider push by domestic operators to invest in infrastructure and lift output and exports for Africa’s biggest oil producer.

The MT D ​Adesanya, which can hold more than 62,000 ​cubic metres of crude, will operate alongside ⁠the MT D Bayero, receiving crude from ​shuttle vessels at Bonny Anchorage, one of Nigeria’s main ​crude export hubs, before transferring it to the FSO Cawthorne storage facility.

Sahara said the tanker would help cut turnaround ​times, currently about 30 to 48 hours, ​and support a planned 50 per cent increase in exports from the ‌block’s current level of about 950,000 barrels per month.

The block currently produces about 36,000 barrels per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), ​with Sahara targeting ​output of ⁠60,000 barrels per day.

OML 18 is one of the Niger Delta’s oldest producing assets. ​It began production in 1970 and ​contains ⁠an estimated 1.5 billion barrels of oil equivalent in reserves.

Shell, Total and Eni sold their combined ⁠interests ​to Eroton in 2015 as ​part of a broader shift toward domestic ownership in Nigeria’s ​upstream sector.

This development comes as Sahara Upstream is deepening its exploration and production footprint through Asharami Energy Limited (AEL), its upstream E&P business, which says it is targeting 350,000 barrels of oil per day by 2030 through its subsidiary, Enageed Resources Limited (ERL).

The growth target comes as AEL also marks a major safety milestone, achieving 6 million Lost Time Injury (LTI)-free man-hours in its OML-148 operations — reinforcing the company’s commitment to operational excellence and safety leadership.

According to Asharami Energy, the milestone reflects its ability to execute complex operations safely, in line with Sahara’s Beyond XXX vision, which builds on the group’s 30-year legacy of responsible enterprise while marking its next chapter of impact, innovation, and sustainable growth.

The developments position Sahara Upstream and its subsidiaries among the domestic operators driving increased investment in Nigeria’s oil and gas infrastructure, as the group works to scale up production and exports for Africa’s biggest oil producer.

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Economy

Aradel Grows H1 2026 Earnings by 577%, Eyes Better Operational Efficiency in H2

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Aradel

By Aduragbemi Omiyale

One of the leading energy firms in Nigeria, Aradel Holdings Plc, has expressed its desire to optimise its enlarged portfolio and improve operational efficiency in the second half of 2026.

The company is planning to build on the success it recorded in the first half of the year, where it grew its revenue by 577 per cent to N2.5 trillion from N368.1 billion in H1 2025.

The significant rise in earnings was driven by higher production volumes together with stronger realised crude oil and gas prices, with the average at $90.4/bbl and $2.08/mmscf, respectively.

In the period under review, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 688 per cent to N1.4 trillion from N176.4 billion in the corresponding period of last year, while the operating profit surged by 789 per cent to N1.1 trillion from N118.6 billion due to higher revenue and crude handling income at N149.8 billion, partly offset by underlift cost and general and administrative costs.

The net cash generated from operations was N975.6 billion between January and June 2026 versus N140.8 billion in the same period of 2025, reflecting the cash generation of the enlarged organisation.

The net debt contracted by 70 per cent on a year-to-date basis to N46.5 billion from N475.1 billion as of December 31, 2025.

Aradel, in the period under consideration, improved its post-tax profit by 30 per cent to N191.0 billion from N146.4 billion, a development that impressed its chief executive, Mr Adegbite Falade, who said, “A firmer price environment supported performance, generating net cash from operating activities of N975.6 billion and a closing cash balance of N1.7 trillion.”

“Our enlarged portfolio provides more opportunities to generate stronger cash flow and returns for shareholders and unlocking that potential is our main focus.

“We reaffirm our full year production guidance of 110 – 140 kboepd and remain committed to operating responsibly in a changing energy landscape and to delivering lasting value for our stakeholders,” he stated.

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