business news

Oil little changed as supply concerns linger amid Houthi attacks on Saudi Arabia

Oil prices were little changed in early Asian trading on Friday, after rising 4% to a five-month high in the previous session due ​to concerns of further energy supply disruption after Houthi attacks ‌on top exporter Saudi Arabia. In Libya, an oil pipeline valve from the Hamada and Tahara oilfields to Zawiya port has been shut, reducing production at both fields, the head of the National Oil Corporation told Reuters on Thursday.

Man with 10,000 succulents shares secrets to keeping them happy

For newly retired Ian Andrews, his five-year gardening plan to propagate the plant has quickly become an obsession and he is now the owner of more than 10,000 succulents.

When a business suddenly collapses, how can customers get money back?

When a company goes into liquidation, the question every creditor wants answered is simple: Am I going to get my money back?

Fubara Promises 700 Shops At Creek Road Market By January 2027

Rivers State Governor, Siminalayi Fubara, says the first phase of the Creek Road Market reconstruction in Old Port Harcourt Township will provide about 700 shops for traders, ease traffic congestion and improve trading conditions. Fubara described Old Port Harcourt Township as a historic part of the city and home to elderly residents and the original inhabitants, whom he referred to as the “Aborigines”.

Naira depreciates to N1,367/$ in parallel market

*Interbank turnover rises 219% By Elizabeth Adegbesan The naira today depreciated to N1,367 per dollar from N1,363 in the parallel market on Thursday. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,370 per dollar from N1,365 per dollar on Thursday, indicating N5 depreciation for the naira.

Trump’s broken promises: economy, war and ICE

Mehdi Hasan debates ex-Trump adviser Steve Cortes on the economy, Trump’s immigration policies and Islamophobia.

M.P. receives investment proposals of over ₹15,400 crore at semiconductor summit

Chief Minister Mohan Yadav said that the government also received proposals worth around ₹5,800 that have potential to generate around 10,000 employment opportunities

Kumasi Traders Federation Chairman enstooled as Nerebehi Chief

Chairman of the Federation of Kumasi Traders Association, Nana Kwarteng Apegyabie Prempeh II, has been enstooled as the new Chief of Nerebehi, a community, in the Atwima Nwabiagya South municipality of the Ashanti Region. Nana Kwarteng Apegyabie Prempeh II will hold the title of Bantamahene Apakanhene and oversee the traditional council of Nerebehi and twelve surrounding communities.

Jerusalem Daily: Israel to ‘lock down’ occupied West Bank

Israeli Prime Minister Benjamin Netanyahu orders a “full lockdown” of the occupied West Bank following a shooting.

Engineering Ghana’s automotive and transport transformation: From import dependence to industrial growth

Ghana’s automotive and transport sectors hold enormous potential for industrialisation, job creation, investment and economic growth. 2. Stronger Institutions & Safer Vehicle Imports Institutions such as the Ghana Automotive Development Centre must have the funding, skilled personnel and technical capacity to develop and implement internationally aligned policies.

Bharat Petroleum’s net profit dips amid volatile crude prices in Q2

Bharat Petroleum’s revenues spurred 29% whilst net profit declined 22.5% on a year-over-year basis in Q2

Government to modify labour survey to capture gig economy, unpaid household workers

Periodic Labour Force Survey will include additional questions to measure labour underutilisation

Eko Power assures solar users of no penalties

Eko Power Ltd. says customers who invest in solar energy will not be penalised or disconnected for low electricity consumption. Mr Abiola Aloba, General Manager, Corporate Communication Unit of Eko Power, said this in a statement on Friday in Lagos.

Crude oil sourcing presently volatile; procuring more on landed basis: HPCL Chief

Vikas Kaushal, Chairman and Managing Director (CMD) informed the state-owned OMC is procuring more on landed basis than on FOB basis and term contracts

24-hour economy foundations laid, jobs next – Ricketts-Hagan

The Member of Parliament for Cape Coast South and a member of Parliament’s Finance Committee, George Kweku Ricketts-Hagan, says the government’s next priority under the 24-hour economy policy is to translate the groundwork already laid into sustainable jobs, particularly for the country’s growing youth population. Speaking to the Ghana News Agency on the sidelines of the recently concluded International Monetary Fund (IMF) and World Bank Group annual meetings in Bangkok, Thailand, Mr Ricketts-Hagan, who is also Board Chairman of the Ghana Revenue Authority (GRA) and a former Deputy Finance…

Paga becomes Africa’s first pilot for Jamaican community tourism initiative

Paga, in the Kassena-Nankana West District of the Upper East Region, has become the first African pilot site for a Jamaican community tourism initiative aimed at turning communities with tourism potential into business and investment destinations. The event brought together a Jamaican delegation led by the Network’s Chairman, Roy Page, and Senior Architect Jason Stone, alongside traditional leaders, residents and members of the Paga Youth Movement.

CBG calls for increased climate finance to scale nature-based solutions in Ghana

Consolidated Bank Ghana (CBG) has identified limited access to finance, grants and donor support as major barriers to scaling up nature-based solutions in Ghana and across Africa. Mrs Ackuaku also disclosed that CBG was preparing to showcase its sustainability activities through an upcoming Sustainability Week celebration, aimed at increasing public awareness of the bank’s work in the sector.

Samartex Timber and Plywood Company reels under galamsey as illegal miners cut into its operations and livelihoods

Samartex Timber and Plywood Company Limited is raising concerns about the increasing threat of illegal mining to its core operations. Head of the Forestry Department at Samartex, Justice Eshun, says Samartex had earlier engaged the services of an expert from Brazil to assess and develop a major eco-project featuring Canopy houses on trees along the Tano Riverbanks.

First HoldCo’s nine-month profit leaps 63% to N744.5 billion

The commercial banking division of the group accounted for 94 per cent of turnover and 87.4 per cent of post-tax profit.

Nigeria NOW! opens its project boardrooms to global investors in Abuja

With Nigeria’s annual mining revenue up more than tenfold to above N70bn, Nigeria NOW! brings global investors to Abuja on 19 and 20 November, where the Minister of Solid Minerals Development is Chief Host.

CBN grants JPMorgan approval-in-principle to establish merchant bank

By Babajide Komolafe The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited. JPMorgan Merchant Bank Nigeria Limited must fulfil all applicable regulatory requirements, including incorporation with the Corporate Affairs Commission and completion of the necessary operational and regulatory arrangements, before receiving authorisation to commence business.

Bagalkot banker loses money to online trading scam

President Ruto jets back After COMESA Talks on Trade, AI and Economic Integration

NAIROBI, Kenya, Oct 23 – President William Ruto has returned to the country after attending the 25th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government in Harare, Zimbabwe. According to State House, Ruto handed over the chairmanship of the 21-member regional trading bloc to Zimbabwean President Emmerson Mnangagwa during the two-day summit.

Petra Pension Schemes record returns of up to 15.63%

Speaking at the Petra Master Trust Scheme Annual General Meeting, Head of Portfolio Management and Operations, Yvonne Buliga, said the Petra Opportunity Pension Scheme returned 15.63%, while the Petra Advantage Pension Scheme recorded 15.27%. The Petra Advantage Pension Scheme recorded growth of about GH¢800 million, bringing its net asset value to just under GH¢4 billion, while the Petra Opportunity Pension Scheme grew by approximately GH¢544 million to GH¢2.64 billion.