The Volta Aluminium Company Limited (VALCO) says it has returned to profitability, recording a profit of US$1.3 million on the back of US$103.5 million in revenue as of September 2026. Dr. Sambian said VALCO has also aligned its operations with President John Mahama’s 24-hour economy initiative, introducing a schedule of one job, four shifts and four workers to support round-the-clock production.
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile. VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two years.
The first set of winners includes Oluwatoyin, Oreofe and Damilola from Lagos, and Adeniyi from Ogun State, who each won ₦1 million on the opening day of the draws. Since 1960, SBC has grown into a household name with a portfolio of iconic brands including Pepsi, 7UP, Mirinda, Mountain Dew, Teem, Supa Komando, Lipton Ice Tea and Aquafina Premium Drinking Water, SBC continues to drive innovation, create value and contribute to Nigeria’s development.
As part of the International Monetary Fund’s (IMF) First Review of Ghana’s Policy Coordination Instrument (PCI), the Chamber of Bulk Oil Distributors (CBOD) has participated in a stakeholder engagement on Friday, October 30, 2026. The engagement brought together representatives from the Ministry of Finance, IMF, National Petroleum Authority (NPA) and CBOD to discuss developments in Ghana’s downstream petroleum sector.
The promotion is running across Lagos, Ogun, Oyo, Kwara, Osun, Ekiti, Kogi, Niger and Ondo states offering consumers an opportunity to win everyday until 3 January 2027.
Tamil Nadu’s actual GST revenue had registered 15% growth up to October in the current financial year, while recording 8% growth in October alone, said Logesh Tamilselvan.
Customers alleged fraudulent transactions involving more than N100 million, demanding intervention by the Central Bank of Nigeria (CBN) and the federal government.
The party questions the use of bank’s funds by Fairfax to finance acquisition; demands disclosure of valuation reports
Ghana’s Ambassador to the United States, Washington, D.C., Ambassador Victor Emmanuel Smith, has called on American investors and the Ghanaian diaspora in Tennessee to become willing partners to help build alongside the many changes and developments which are ongoing in Ghana under President John Mahama, for shared prosperity. Accompanying the Ambassador were the Board Chair of the Ghana Medical Trust Fund, Mrs. Adjoa Obuobia Darko-Opoku, and Mr. Michael Yamson, Administrator of the District Assemblies Common Fund (DACF).
The Bench headed expressed sympathy for the right to livelihood of the small traders, hawkers, push cart vendors, noting that their right competed with the right to expression of the protestors
Ghanaian logistics company ShaQ Express has appointed seasoned entrepreneur and business advisor, Ms Leah Nduati as chairman of its Advisory Board, as the company seeks to strengthen corporate governance and support the next phase of its growth. Ms Nduati commended ShaQ Express successfully building a logistics operation that serves businesses across Ghana.
By Nkiruka Nnorom The Nigerians in Diaspora Commission (NIDCOM) has kicked against a directive by the Central Bank of The Gambia ordering banks to sack non-Gambian employees. Dabiri-Erewa, in a statement by NIDCOM spokesman Abdur-Rahman Balogun, said the Central Bank of The Gambia (CBG) had given banks till December 31, 2026, to replace all non-Gambian staff with Gambians.
Inaugurating a Kisan Mahapanchayat at Plachimada in Keralam’s Palakkad, Charuni says the agreement will allow unrestricted imports and affect not only agriculture but also small businesses, fisheries, poultry farming and the dairy sector
David Potts to take over immediately, as executive chair Allan Leighton steps back to non-executive strategic role Business live – latest updates Asda has appointed the 69-year-old former boss of Morrisons, David Potts, as chief executive with immediate effect as it continues to struggle to lift sales. The UK’s third largest supermarket said that 73-year-old executive chair Allan Leighton, who has been running the business since 2024, would now step back to a non-executive role focusing on “the long-term strategic agenda for the business”.
What is the controversy about Guidance losing its way in Tamil Nadu? Guidance, earlier known as the Tamil Nadu Guidance and Export Promotion Bureau, was established as a non-profit registered society on July 15, 1992, with the objective of attracting investment proposals into Tamil Nadu
Australia’s central bank raised its key interest rate to a 18-year high on Tuesday, citing the prolonged war in the Middle East and persistent inflationary pressures. In a statement, the Reserve Bank of Australia said it would lift its cash rate by 25 basis points to 4.85 percent.
The LDF has raised the spectre of large-scale displacement of fisherfolk, including the lack of free access to the coastline and the loss of homes and traditional livelihoods
Iran war reduces Aramco’s output but this has been offset by higher oil prices Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The Saudi state oil company Saudi Aramco has reported that profits rose by more than a third in the latest quarter despite attacks on its facilities.
Steve Smith calls on owners to accept proposed buyout as 12,000 staff face uncertain future in run-up to Christmas The founder of Poundland has warned that staff at the retailer could be out of work for “years” if it collapses, as he called on the owners of the troubled chain to accept a proposed buyout deal. Steve Smith, who set up the firm with a store in Burton upon Trent in 1990, said: “Once these jobs are lost, they are lost” from Britain’s struggling high streets.
The FDA seized 2,279.7 litres of ghee worth ₹20.20 lakh from Divya Mahavitarak, a Patanjali distributor, in Chhatrapati Sambhajinagar. Officials suspect the stock may have been misbranded or adulterated
By Ogochukwu Agha LAGOS—THE Senior Pastor of Daystar Christian Centre, Pastor Sam Adeyemi, yesterday, warned that Nigeria cannot afford leaders who learn on the job, lamenting that many occupying positions of authority have never received formal leadership training, despite the country’s mounting economic and social challenges. Adeyemi spoke in Lagos ahead of the 2026 edition of the church’s annual Excellence in Leadership Conference (ELC), scheduled for November 5 and 6, 2026, at the Daystar Christian Centre, Oregun in Lagos.
By Yinka Kolawole The Pan African Manufacturers Association (PAMA) has welcomed the Federal Government’s commitments to improve energy supply, provide affordable long-term financing for industries, strengthen local procurement, secure industrial corridors and establish quarterly engagements with manufacturers. Held under the theme, “Leveraging National Industrial Policy to Position Nigeria as Africa’s Industrial Hub,” the AGM focused on implementing the Nigeria Industrial Policy 2025 (NIP 2025), enhancing manufacturing competitiveness, expanding access to industrial finance, reducing energy…
By Yinka Kolawole Many small businesses in Nigeria are missing out on Federal Government contracts due to inadequate knowledge of public procurement procedures, Minister of State for Industry, Senator John Enoh, has said. Enoh stated this in Abuja at the launch of the Micro, Small and Medium Enterprises (MSMEs) Public Procurement Training Programme and digital learning portal organised by the Bureau of Public Procurement (BPP), adding that limited knowledge, weak internal processes and inadequate capacity were hindering small businesses from competing effectively for government contracts.
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) is set to convene a two-day energy efficiency summit in Lagos to address high energy costs, improve industrial competitiveness and promote investment in alternative power solutions. The summit, scheduled for November 3 to 4, organised through MAN’s power and energy subsidiary, Manufacturers Power Development Company Ltd (MPDCL), in partnership with the German Development Agency (GIZ) and Nigerian Energy Support Programme (NESP), will hold at Legend Hotel Lagos Airport, Ikeja, Lagos.