business news

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.

CBN outlines market infrastructure supporting Nigeria–China financial flows at Beijing investor forum

Umeano highlights fixed-income market development and arrangements as banking executives discuss cross-border payment connectivity

New tax laws: Commercial drivers still face multiple highway taxes — NURTW

…Tax Ombud pledges fairness, transparency in tax administration By Emma Ujah, Abuja Bureau Chief Commercial drivers across Nigeria are still being subjected to multiple highway taxes despite the Federal Government’s tax reforms aimed at eliminating the practice, the National Union of Road Transport Workers (NURTW) has said. “A driver travelling from Calabar to Kano will spend as much as ₦300,000 on the road before he can get to his destination because of the various people on the road collecting various types of taxes,” Danzaki said.

6th iNTTA Expo ends with focus on 24-hour economy and youth-led entrepreneurship

A cultural performance by the Central Regional Centre for National Culture is also scheduled before the policy keynote address by Augustus Obuadum Tanoh, Presidential Adviser to Ghana’s 24-Hour Economy Authority. Mr Tanoh is expected to address the role of the policy in tourism development, while a subsequent fireside chat will examine how extended business hours, investment, youth entrepreneurship, local supply chains, safe digital experiences and partnerships across Africa can support Ghana’s economic transformation.

2026 Luv FM-Republic Bank Habitat Fair launched to offer homeownership solutions in Kumasi

The 2026 edition of the Republic Bank Luv FM Habitat Fair has been launched in the Ashanti regional capital, Kumasi, with a target of making homeownership accessible to the average Ghanaian. Relationship Manager at Luv FM and Nhyira FM, Maxwell Frimpong Manso, says the fair has become an established initiative in Kumasi, providing practical solutions to challenges associated with building and owning homes.

Higher sales lift Guinness Nigeria’s nine-month profit 53% to ₦40.7 billion

Profit after tax stood at ₦40.7 billion, up from ₦26.6 billion a year ago, as third-quarter profit accounted for 37.8 per cent or ₦15.4 billion of the earnings posted in the period.

Oil prices extend rally to near six-month high amid Houthi attacks on Saudi Arabia

Brent crude futures touched an intraday high of $114.94 a barrel on Friday after Houthi attacks on Saudi Arabia’s civilian and energy infrastructure, with India’s crude basket averaging $120.08 so far this month; Adani Total Gas raised CNG prices by ₹4.45 per kg

Casualties feared as multi-storey building collapses in Nairobi

A multi-storey building collapsed mid-construction in the Kenyan capital on Friday, the Red Cross said, with reports from local media of casualties and looting at the site. “At around 1340 hours, a multi-storey building under construction collapsed on 9th Street in Eastleigh, Nairobi,” the Red Cross posted on X, adding that it had dispatched a team.

Telegraph cuts 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business

Redundancies come after paper was bought in June by European media group Axel Springer The new owners of the Daily Telegraph have made large numbers of staff redundant, telling them the title will be transformed from a newspaper “into a global, AI-powered premium media and intelligence business”.

Zuckerberg wins Meta deal to help him foot bill for possible California billionaire tax

The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.

CPA marks 20 years without consumer protection law in Ghana, urges passage of bill by December

The Consumer Protection Agency (CPA) has renewed calls on the President and Parliament to pass Ghana’s long-awaited Consumer Protection Bill before the end of 2026, warning that the absence of a comprehensive law continues to leave consumers vulnerable to unfair business practices, substandard products and poor services. The agency said it had also worked with regulatory bodies, including the Food and Drugs Authority (FDA), Ghana Standards Authority (GSA) and Public Utilities Regulatory Commission (PURC), on initiatives to improve product safety and consumer welfare.

Fake business listings: How Ghanaians can check who they are paying

Ghana’s Cyber Security Authority (CSA) has warned that fraudsters are placing fake business listings on search engines and online maps. The warning comes ahead of Ghana’s National Cyber Security Awareness Month in October.

The young Americans choosing Y2K cars over shiny new SUVs: ‘I get so much crap from people’

People under 35 are hunting for no-frills rides they can pay for in cash and fix themselves – defying expectations to take on steep loans Jack Price joined the marines in fall 2021 knowing he would need a car to get around base and that he couldn’t afford a new one. A joyless, month-long search through dealer classifieds and Facebook Marketplace listings ended when his mother spotted a 2010 Volkswagen Jetta posted on her office listserv by a co-worker moving abroad.

Forms Capital wins CIMG Marketing-Oriented Finance House of the Year, 2025

Forms Capital Limited has been adjudged Marketing-Oriented Finance House of the Year, 2025 at the Chartered Institute of Marketing, Ghana (CIMG) Commenting on the achievement, Ishmael Abbey, Head of Business Development at Forms Capital Limited, said: “We are honoured to receive this recognition from the Chartered Institute of Marketing, Ghana.

Panama pitches its maritime network to Tamil Nadu businesses

Creatives Connect Afrika returns to Accra to drive entertainment-led tourism

Creatives Connect Afrika will return to Accra from 30th November to 3rd December 2026 for its second edition, focusing on how entertainment can drive tourism growth and economic opportunities across Africa. The 2026 edition is planned to take place at Alisa Hotel North Ridge in Accra under the theme “Entertainment-Led Tourism: Transforming Pan-African Creative Wealth into Global Economic Influence”.

Reader Q&A: what’s next for France? Ask our Europe columnists

Guardian Europe columnists Rokhaya Diallo and Alexander Hurst will be live taking questions from readers about the riots and protests in France at 3pm BST / 4pm CEST today. The French government’s escalating financial problems were covered by the Guardian’s Europe correspondent Jon Henley who wrote: “France’s national debt, at 119% of GDP, is at its highest level since 1946.

Nairobi County Demands Sh924 Million from EABL in Liquor Licensing Dispute

NAIROBI, Kenya Oct 23 – Nairobi City County is seeking to recover approximately Sh924 million in outstanding liquor licensing arrears attributed to East African Breweries Limited (EABL), citing disparities in licensing contributions between major manufacturers and small-scale traders. At the centre of the dispute is what Mathia described as a significant disparity between EABL’s historical licensing contribution in Nairobi and the fees paid by major beverage manufacturers operating in neighbouring counties.

K.P. Sahadevan, Keralam CPI(M) leader and trade unionist, dies at 84

He was former CPI(M) State committee member and CITU State secretary

Israeli military kills two in gun battle in occupied West Bank

Israel’s PM is preparing to order a shutdown in the occupied West Bank lockdown after a shooting near Hebron.

Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live

Rolling coverage of the latest economic and financial news Rob Wood, chief UK economist at Pantheon Macroeconomics, says the biggest news is from S&P’s PMI data is the composite employment index rising above 50 for the first time since the 2024 budget. Geopolitics, and notably the potential for conflicts in the Middle East and Ukraine to add to energy market volatility, are, however, clearly still unsettling many businesses, and cost of living concerns and broader fiscal worries are being compounded by the shift to higher borrowing costs.

NEC Endorses 90-Day Economic Plan To Ease Cost Of Living For Nigerians

The National Economic Council (NEC) has endorsed a 90-day economic action plan proposed by the Federal Ministry of Finance to consolidate the gains of President Bola Tinubu’s economic reforms, with a focus on reducing the cost of living and improving food affordability. According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, the endorsement followed a presentation by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at NEC’s 161st meeting held virtually on Thursday…

Rubio turns to small Indian town as US faces high oil prices

US Secretary of State Marco Rubio pushed a business and energy agenda over diplomacy on his second trip to India this year.

Israel orders home demolitions after soldiers killed in West Bank

Prime Minister Benjamin Netanyahu said Israeli forces will demolish homes in the West Bank after gunmen killed two Israeli soldiers in the West Bank city of Hebron.