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Mokyr, Aghion, Howitt Clinch 2025 Economics Nobel Prize

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2025 Economics Nobel Prize

By Adedapo Adesanya

The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to the trio of Joel Mokyr, Philippe Aghion and Peter Howitt.

Announcing the winners on Monday, the Royal Swedish Academy of Sciences, which decides recipients of the award, said this year’s laureates were awarded “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”

It noted for the first time over the last two centuries, the world has seen sustained economic growth.

“This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity,” a statement said, adding that “technology advances rapidly and affects us all, with new products and production methods replacing old ones in a never-ending cycle. This is the basis for sustained economic growth, which results in a better standard of living, health and quality of life for people around the globe.”

Joel Mokyr used historical sources as one means to uncover the causes of sustained growth becoming the new normal, while Philippe Aghion and Peter Howitt also studied the mechanisms behind sustained growth. In an article from 1992, they constructed a mathematical model for what is called creative destruction: when a new and better product enters the market, the companies selling the older products lose out. The innovation represents something new and is thus creative. However, it is also destructive, as the company whose technology becomes passé is outcompeted.

The Nobel committee noted that in different ways, the laureates showed how creative destruction creates conflicts that must be managed in a constructive manner.

“Otherwise, innovation will be blocked by established companies and interest groups that risk being put at a disadvantage,” it added.

“The laureates’ work shows that economic growth cannot be taken for granted. We must uphold the mechanisms that underly creative destruction, so that we do not fall back into stagnation,” said Mr John Hassler, Chair of the Committee for the prize in economic sciences.

The economics prize marks the end of the 2025 event, which started last week with medicine and physiology (Monday), physics (Tuesday), chemistry (Wednesday), literature (Thursday), and peace (Friday).

The laureates will be officially celebrated at an event in December. Their awards are worth 11 million crowns ($1.2 million).

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

Luno, AltSchool Launch Crypto Education Programme for Nigerians

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Luno Safety of Funds

By Adedapo Adesanya

Global cryptocurrency platform, Luno and AltSchool Africa, an accredited online learning platform, have announced a strategic partnership aimed at demystifiing crypto to 15,000 Nigerians.

The initiative at that scale makes it Africa’s largest crypto education programme.

According to a joint statement on Wednesday, this is a significant step in Luno’s continued efforts to strengthen trust in digital assets and support safer participation in the digital economy.

This is hinged on Africa’s fast-growing digital finance landscape where 33 per cent of the country’s population already engage with digital assets, and a rapidly growing youth population are eager to participate in the digital economy.

According to the statement, the partnership aims to bridge the knowledge gap by providing structured, practical, and safe crypto education.

This will be done by combining Luno’s experience in promoting safe crypto participation with AltSchool Africa’s capability in delivering accessible digital skills training.

“The course directly addresses the misinformation and financial risks associated with unregulated digital assets, while demonstrating real-world applications tailored to African contexts,” the joint statement added.

The initiative will be implemented in three cohorts of 5,000 learners each. Applications for Cohort 1 will be open from January to February 2026, with the course commencing in March 2026. Cohort 2 participants will gain access to the course in July 2026, while Cohort 3 participants will begin the programme in November 2026.

The programme will be led by Web3 expert Mr Abdulsamad Tiamiyu, who will provide a practical, Africa-focused introduction to cryptocurrency, showing how it can be used for saving, remittances, global trading, and entrepreneurship.

The curriculum consists of five core modules and is designed to be completed within three to four weeks.

Learners benefit from up to one year of access to all course materials, including online, self-paced video lessons, slides, quizzes, and case studies. The course combines theory with hands-on experience, where learners interact with wallets, exchanges, stablecoins, and research tools like CoinGecko and Etherscan.

According to the organisers, this approach gives learners the tools to confidently use digital currencies in everyday financial activities. Successful learners, upon passing the assessments, earn an AltSchool Africa Certificate of Completion.

Speaking on the partnership, Mr Ayotunde Alabi, CEO of Luno Nigeria, said: “This initiative is a crucial intervention in Africa’s digital ecosystem. As crypto adoption accelerates, formal literacy must grow alongside it, so individuals can benefit safely and meaningfully,”

“Our partnership with AltSchool Africa is a deliberate step toward that goal and a foundational investment in the integrity of the industry. By delivering structured, high-quality education, Luno is helping ensure that Africans can participate confidently, securely, and sustainably – turning what is often seen as risk into real economic opportunity,” he added.

Adding his input, Mr Adewale Yusuf, Co-founder and CEO of AltSchool Africa, said “This partnership between AltSchool and Luno is a major step toward financial education that truly serves Africans and helps people gain the knowledge and tools they need to understand crypto with confidence and use it in practical, life-changing ways.”

The programme is open to Nigerian residents aged 18 and above who are able to commit to completing it within four weeks. Applicants must have a Luno account or create one before enrolling.

Starting January, Interested participants are encouraged to submit application through the AltSchool Africa portal, with scholarship decisions communicated within one week.

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Education

Nigeria’s Copyright Agency Destroys Pirated Books Valued at N141.5m

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book piracy

By Adedapo Adesanya

The Nigerian Copyright Commission (NCC) on Tuesday destroyed pirated books valued at N141.5 million seized from booksellers and suppliers during various enforcement operations.

The NCC Oyo State Coordinator, Mrs Oluropo Oke, supervised the destruction in Ibadan on behalf of NCC Director‑General, Mr John Asein.

She noted that the pirated books were seized over the past three years from bookshops and markets in Abeokuta, Sango-Otta in Ogun, and the Oyo state capital.

“We valued the books before destroying them and found their total value to be N141,550,000.

“During the operations, we discovered that some booksellers could not prove the source of their purchases.

“There are several features that differentiate original books from pirated copies, including the binding, colour, grammage and point of purchase.

“We need to establish whether the books were bought from the original owners or publishers, or acquired on the streets,” she said.

The director-general warned that the Nigerian Copyright Act empowers the commission to punish any citizen caught pirating or illegally dealing in intellectual property.

She said those in possession of the seized books faced penalties ranging from fines and forfeiture to other punishments under the law, adding that book piracy continued to harm national economic growth and deprived authors and publishers of the benefits of their work.

The NCC explained that the books would not be burnt but shredded to prevent recirculation and protect the environment.

“We are making every effort to prevent pirated books from returning to the market. We are using a shredding machine because it is environmentally friendly. We believe that shredding will ensure the books do not re-enter circulation.

“We understand this is a significant loss to booksellers, but instead of buying from pirates, we encourage them to purchase from the original sources, publishers or their representatives, rather than from the streets,” she said.

On his part, the Executive Secretary of the Nigerian Publishers Association (NPA), Mr Rotimi Iyiola, said book piracy had eroded much of publishers’ livelihoods.

“Witnessing the destruction of the seized pirated books by the NCC is a welcome development.

“Economically, book piracy causes enormous damage, not only to authors and publishers but also to workers and their families, and it deprives the government of revenue.

“Our jobs as publishers have been stolen, and our means of livelihood eroded,” Mr Iyiola said.

He lauded the NCC for its commitment and dedication to eradicating book piracy in Nigeria and reiterated that the NPA was ready to cooperate with the commission to ensure that piracy was effectively addressed.

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How to Select the Best Online Trading Platform for Your Investment Goals

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Investment Goals

Selecting the best online trading platform starts with knowing your investment goals and matching them to the right tools. The best platform fits personal strategy, trading style, and comfort level with risk while keeping fees low and execution simple. A clear goal helps narrow the choices among platforms that support stocks, ETFs, mutual funds, or crypto.

Each investor values different features. Some want research tools and education to make informed decisions, while others care more about speed, order types, or mobile access. By focusing on what matters most, investors can find a platform that supports progress instead of creating obstacles.

The following sections explain how to connect platform features to investment goals and what factors make a platform stand out. With the right knowledge, choosing an online trading platform becomes a straightforward step toward better investment results.

Aligning Platform Features With Your Investment Goals

A trading platform should fit the trader’s goals, experience, and preferred markets. Account types, asset range, and trading tools must align with how the trader manages risk and pursues returns. For example, a  top-tier platform for online trading provides  flexibility through account choices, broad asset coverage, and a focus on both control and accessibility.

Additionally, such platforms should provide features that allow traders to make informed decisions, such as advanced charting tools and real-time market data. A seamless user experience ensures that traders can navigate the platform with ease, enabling them to focus on their strategies without unnecessary distractions.

Identifying Your Investment Objectives

Every trader benefits from defining clear objectives before using any trading platform. Goals guide decisions about account type, instrument choice, and trade frequency. For example, a short-term trader often values low spreads and fast order execution, while a long-term investor may care more about stability and portfolio tracking tools.

Traders should separate needs like income generation, wealth growth, and capital preservation. This simple step helps decide whether to focus on active trading features or automated portfolio tools. Goals tied to frequent trading need strong charting and order types. Long-term investing benefits from dependable account management and planning features.

Setting realistic time frames and risk limits gives direction. Without such clarity, even the best platform can feel confusing and mismatched to its purpose.

Evaluating Investor Profiles and Experience Levels

Trader experience affects which features matter most. Beginners often need clear interfaces, education materials, and easy mobile access. A platform that simplifies order placement helps them gain confidence and avoid costly errors. Tools that automate some decisions, such as copy-trading or portfolio balancing, can provide structure.

Intermediate and advanced traders often need deeper analytics, customizable charts, and multiple trading platforms like MT4 or MT5. These tools support technical strategies and allow faster market responses. Traders managing larger accounts or complex positions benefit from customizable dashboards and transparent fee structures.

A suitable match balances comfort and control. The more experience a trader has, the more value they place on flexibility, speed, and precision.

Considering Account Types and Asset Availability

The account type shapes cost and accessibility. Some accounts feature zero or raw spreads, while others include fixed commissions that may simplify cost planning. The right choice depends on trading style and trade frequency rather than just headline prices.

Asset variety also matters. A platform offering Forex, indices, commodities, shares, and crypto pairs lets traders adjust portfolios as opportunities change. A broad selection can support diversification and reduce dependence on one market.

Convenient funding options and quick execution complete the picture. Together, these factors decide how well a platform supports different goals, from steady income pursuit to active market participation.

Necessary Factors in Choosing an Online Trading Platform

Each trading platform shapes how efficiently a trader can analyze markets, place orders, and manage accounts. Careful attention to usability, available assets, cost structure, and account protections allows traders to align technology and support with their investment goals.

Platform User Experience and Accessibility

A functional and intuitive interface helps traders act quickly on market opportunities. An online broker should provide a clean dashboard, simple navigation menus, and customizable layouts that suit different trading styles. Clear watchlists, charting tools, and technical indicators allow analysis without confusion or delay.

Mobile and desktop platforms should both maintain a consistent design. Traders often rely on mobile apps for order execution, so stability and low downtime are important. Speed of logins, quick access to order types, and clear trade confirmations affect confidence in daily use.

Accessible educational resources such as video tutorials, basic webinars, and research and data tools can help users improve their skills. The ability to test a platform with a demo account before funding it offers insight into usability and execution quality. For traders who value convenience and clarity, interface design matters as much as cost.

Product Offerings and Supported Financial Instruments

An online trading platform must provide enough asset classes to match a trader’s strategy. Stocks, exchange-traded funds (ETFs), mutual funds, and options are standard choices. Some platforms also include commodities, bonds, or digital assets to support diversification.

Access to different order types, such as limit, stop, and trailing stop orders, allows traders more control over trade execution. Platforms that include margin trading or access to international markets give users broader exposure and strategy flexibility.

A diverse product lineup also helps investors adjust portfolios as goals change. Many stock brokers include research reports and screening tools that guide investors toward suitable securities. Educational content combined with strong product coverage supports both beginners and experienced traders in making informed choices.

Fee Structures and Commissions Analysis

Trading costs directly affect returns. Many online brokers now advertise commission-free trades on stocks and ETFs, though hidden charges can still appear in other areas. Traders should review all account fees, including inactivity fees, transfer fees, and withdrawal charges.

Commissions on options, mutual funds, or futures may differ by platform. Some brokers also generate revenue through payment for order flow, which can influence execution quality. Evaluating how quickly trades execute and whether spreads stay competitive reveals a more complete picture of cost.

A simple fee table can help users compare platforms:

  • Trading commissions: Zero or low for common products
  • Account minimum: Varies, often no minimum for standard accounts
  • Inactivity fees: Charged after long idle periods on some accounts

Choosing low fees is helpful, but not at the expense of slower order execution or poor trading tools. Balance is key to maintaining value.

Account Security, Regulation, and Customer Support

A secure trading environment protects funds and personal information. Platforms should use strong encryption and two-factor authentication for every account. Regulation by agencies such as the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) adds an important layer of oversight and transparency.

Traders should verify the broker’s registration status and review its history of compliance before depositing funds. Platforms that handle transfers through the Automated Customer Account Transfer process also add convenience by simplifying movement between brokers.

Customer service plays an equally important role. Responsive customer support through chat, phone, or email can prevent small issues from turning into major problems. Support teams that provide fast answers, clear explanations, and accessible hours add value beyond fees or features. In a market that moves by the second, reliable service and strong protections help build trust in the trading platform.

Conclusion

Selecting the best online trading platform depends on understanding goals, trading style, and the type of assets a person plans to manage. Each feature, from pricing to account options, directly affects outcomes and ease of use.

Security, speed, and clear fee structures help traders make smarter decisions. Platforms that align with user needs give more control, fewer surprises, and smoother execution during active market hours.

Before opening an account, traders should confirm the regulations, test the platform’s usability, and compare costs. Small differences in order execution or available research tools may influence long-term performance.

By focusing on safety, functionality, and cost transparency, investors improve their chances of consistent progress with fewer obstacles.

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