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MAN convenes energy efficiency summit to boost manufacturing
business

MAN convenes energy efficiency summit to boost manufacturing

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.

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BUA Foods expands margin as profit rises to N450bn
business

BUA Foods expands margin as profit rises to N450bn

A leading Nigerian food manufacturing company, BUA Foods Plc, has recorded an increase in gross profit to N552.90 billion for the nine months ended 30 September 2026, compared with N520.65 billion in the corresponding period of 2025. Ayodele Abioye, Managing Director of BUA Foods Plc, said: “Our nine-month 2026 results demonstrate the resilience of BUA Foods’ operating model and the benefits of disciplined cost and margin management.

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business

Reforms laid foundation for Nigeria’s sugar self-sufficiency — NSDC Boss

The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has said the bold, macroeconomic reforms put in place by President Bola Ahmed Tinubu have made local sugar production attractive and cleared the pathway for the country to achieve self-sufficiency. Under the Nigeria Sugar Master Plan (NSMP) 2.0, the goal is self-sufficiency in sugar production.

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GPCL reforms operations to boost growth
business

GPCL reforms operations to boost growth

The Ghana Publishing Company Limited (GPCL) is restructuring its operations to expand its West African market presence and improve commercial performance. Nana Kwasi Boaitey, GPCL’s Managing Director, announced this at the Government Accountability Series in Accra on Monday.

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UK job satisfaction at record low amid rising frustration over pay and flexible working
business

UK job satisfaction at record low amid rising frustration over pay and flexible working

Resolution Foundation study finds workers are less willing to go ‘above and beyond for employers than a decade ago’ Job satisfaction among UK workers has dropped to a record low, according to a study that shows a growing frustration with employers over pay and flexible working. Analysis by the Resolution Foundation thinktank shows that a lack of flexible working, insecure jobs and a loss of independence have undermined how workers feel about their employment.

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Here’s what to expect from the ‘New Economy’ in the 2027 Budget
business

Here’s what to expect from the ‘New Economy’ in the 2027 Budget

A Finance Ministry document has provided an early indication of what to expect when Finance Minister Dr. Cassiel Ato Forson presents the budget on November 12. Finance Minister Dr Cassiel Ato Forson It outlines seven pillars and proposes changes to government’s fiscal targets to create room for the investment.

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Afenyo-Markin calls for stronger enforcement of audit findings across Africa
business

Afenyo-Markin calls for stronger enforcement of audit findings across Africa

Alexander Afenyo-Markin, the Minority Leader in Parliament, has called on African countries to move beyond merely identifying financial irregularities and ensure the effective enforcement of audit recommendations to strengthen public accountability. In an address at the opening of the Sixth Conference and General Meeting of the African Organisation of Public Accounts Committees (AFROPAC) in Accra on Monday, Mr Afenyo-Markin said the continent could not continue to “audit the same failures year after year without holding anyone accountable.”

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Otti woos US investors to Abia
business

Otti woos US investors to Abia

Governor Alex Otti of Abia State has concluded plans to bring investors, business leaders, policymakers, development partners, diplomatic representatives and entrepreneurs to the state to explore investment opportunities and strengthen commercial relations between Africa and the United States. In a statement he signed and issued to newsmen on Sunday, the Chief of Staff to the

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Currency outside banks rises 104% in 3 yrs — CBN
business

Currency outside banks rises 104% in 3 yrs — CBN

•Demand deposits climb 71% •Analysts highlight cash dependence, financial inclusion challenges By Peter Egwuatu Currency held outside the banking system by Nigerians rose by 103.8 per cent to N4.923 trillion in September 2026 from N2.416 trillion in September 2023, highlighting the persistent demand for physical cash despite the expansion of electronic payment channels in the country. Data from the Central Bank of Nigeria, CBN, Money and Credit Statistics, also showed that currency outside banks increased by 10.3 per cent year-on-year from N4.465 trillion in September 2025 to N4.923 trillion…

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8% pay rise: Workers will be better off in real terms— Dr Acheampong
business

8% pay rise: Workers will be better off in real terms— Dr Acheampong

Workers in the public sector are expected to be better off in real terms than they were in several previous years, as easing inflation helps preserve the purchasing power of their salaries, Technical Adviser at the Ministry of Finance, Dr Theo Acheampong, has said. Dr Acheampong illustrated the point with a hypothetical 9 per cent salary increase against inflation of between five and six per cent, which, he said, would translate into a real wage improvement of about three to four per cent.

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Adesina, Sanusi, Otti to lead African prosperity talks
business

Adesina, Sanusi, Otti to lead African prosperity talks

By Favour Ulebor, Abuja Former President of the African Development Bank, Dr Akinwumi Adesina; Emir of Kano, Muhammadu Sanusi II; and Abia State Governor, Alex Otti, are among prominent African leaders expected to attend a conference in Abuja on November 3 to discuss strategies for building a prosperous, resilient and inclusive African economy. According to a statement issued on Monday by the Conference Media Adviser, Comrade Chris Isiguzo, Adesina, who is also Executive Chairman of the Global Africa Investment Summit, will deliver the keynote address.

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business

FG disburses N75bn to 104 manufacturers, N65.8bn to MSMEs

The package comprises the N50 billion Presidential Conditional Grant Scheme for nano businesses, the N75 billion FGN MSME Intervention Fund for micro, small and medium-sized enterprises, and the N75 billion FGN Manufacturing Sector Fund for manufacturing businesses. Oduwole noted that the N75 billion Manufacturing Sector Fund had been fully disbursed to 104 manufacturing businesses, while N65.8 billion had been disbursed to 15,018 businesses under the MSME Intervention Fund as of the first quarter of 2026.

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MTN sets December 10, 2026 as interim dividend payment date
business

MTN sets December 10, 2026 as interim dividend payment date

MTN Ghana has set Thursday 10th December 2026 as the interim dividend payment date for quarter 3, 2026 to shareholders. All shareholders registered in the books of Scancom PLC (MTN Ghana) at the close of business on Thursday, 26 November 2026, would qualify for the quarter three interim dividend.

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8% pay rise: We’ll reopen negotiations if economic conditions worsen – NAGRAT warns
business

8% pay rise: We’ll reopen negotiations if economic conditions worsen – NAGRAT warns

The President of the National Association of Graduate Teachers (NAGRAT), Jacob Anaba, says organised labour may return to the negotiating table over the eight per cent base pay increase for public sector workers in 2027 if economic conditions change during the year. Speaking on Joy News’ PM Express on Monday, November 2, Mr Anaba said the agreement must be assessed against the cost of living, particularly rising fuel prices and the cost of food.

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