business news

Governor Lawal: The banker who won’t borrow, By Karen Ibrahim
business

Governor Lawal: The banker who won’t borrow, By Karen Ibrahim

Governor Lawal’s fiscal approach offers a compelling blueprint for sub-national governance across Nigeria. The most credible assessment of his tenure thus far is that Zamfara has achieved measurable progress in both revenue mobilization, debt reduction and project execution.

Read →
Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns
business

Oil prices rise after attack on Saudi Arabian refinery reignites supply concerns

Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the ​world’s biggest crude exporter, renewed concerns around the ‌risks to supply in the Middle East stemming from the conflict with Iran and its proxies. Yemen’s Iran-aligned Houthis said on Tuesday ⁠they had hit Saudi Arabia’s biggest oil refinery with ​a missile, intensifying their strikes against the world’s second-largest crude ​producer.

Read →
Bono East Minister pledges full support for Free Zones Authority to unlock regional investment potential
business

Bono East Minister pledges full support for Free Zones Authority to unlock regional investment potential

The Bono East Regional Minister, Francis Owusu Antwi, has pledged the full commitment of the Regional Coordinating Council (RCC) to work closely with the Ghana Free Zones Authority (GFZA) to boost investments and accelerate economic growth in the region. First Free Zones Office for Bono East In his opening remarks, Mr. Effah Prince, the Bono East Regional Director of the Ghana Free Zones Authority, noted that this marks the first time the region has had a Free Zones Office since Bono East was carved out of the former Brong-Ahafo Region in 2018.\ “We are here today to officially introduce the…

Read →
Techiman South MP donates sewing machines to Tanoso Tailors and Dressmakers Association
business

Techiman South MP donates sewing machines to Tanoso Tailors and Dressmakers Association

In a continued effort to empower local artisans and promote skills development, the Member of Parliament for Techiman South, Martin Adjei-Mensah Korsah, has donated sewing machines to members of the Tailors and Dressmakers Association in the Tanoso Zone. The donation has been warmly received by members of the Tanoso Tailors and Dressmakers Association, who expressed gratitude for the support and pledged to utilize the machines effectively to enhance their trade and contribute to the local economy.

Read →
Natural resources not enough for national prosperity – Makinde
business

Natural resources not enough for national prosperity – Makinde

Gov. Seyi Makinde said natural resources alone cannot guarantee a prosperous national economy. Makinde stated this on Wednesday at the 10th anniversary celebration and inauguration of the CapitalSage Holdings Global Headquarters in Ibadan According to the governor, sustainable growth depends on entrepreneurship, skills, knowledge and intensive production.

Read →
Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households
business

Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households

Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis Budget 2026: key points at a glance Briefing: key questions answered by Heather Stewart and Pippa Crerar Editorial: Budget’s bold ambitions and welcome first steps John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis. In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran…

Read →
Nigel Farage skips budget in Commons over seating ‘altercation’ concerns
business

Nigel Farage skips budget in Commons over seating ‘altercation’ concerns

Reform UK leader ‘shocked’ by £10bn pledged to Ukraine and doubles down on cutting tax for crypto investors Budget 2026: key points at a glance Nigel Farage skipped the chancellor’s first budget because he was worried he would get in a “physical altercation” with another MP in a row over seating arrangements. The Reform UK leader was not present in the House of Commons but gave a press conference afterwards in which he said he was “shocked” by the £10bn going to support Ukraine and doubled down on his party’s policies on cutting tax for crypto investors.

Read →
$21.7bn external borrowing plan is investment, not debt – Oyedele
business

$21.7bn external borrowing plan is investment, not debt – Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made the clarification while briefing State House correspondents at the end of the Federal Executive Council, FEC meeting, presided over by President Bola Tinubu at the Council Chamber, presidential villa, Abuja. On the state of the economy, Oyedele said Nigeria’s economic indicators had improved since President Bola Tinubu introduced major reforms in May 2023, although he acknowledged that significant challenges remained.

Read →
Labour is still searching for an energy fix for a new world
business

Labour is still searching for an energy fix for a new world

The chancellor is right to focus on pure affordability, but £100 handouts and delayed decisions won’t shield consumers from the next wave of price hikes Amid the myriad of small measures, virtually everything in John Healey’s budget came back to the cost of energy. And energy was the focus of Healey’s sole surprise in his consumer-facing policies – the £100 payment to 20m households in A-D council tax bands to help with fuel bills this winter.

Read →
The Guardian view on Labour’s budget: bold ambitions and welcome first steps
business

The Guardian view on Labour’s budget: bold ambitions and welcome first steps

Banks, landlords and gambling firms will pay more as the chancellor begins building a fairer economy and a more active state in a cost of living crisis John Healey’s first budget was a Rorschach test. The Office for Budget Responsibility’s “pretty grim picture” of living standards exposes the budget’s central weakness: its relief is temporary, while the squeeze on households persists.

Read →
Ghana warns businesses over new EU carbon rules
business

Ghana warns businesses over new EU carbon rules

Government is urging Ghanaian businesses, particularly manufacturers and exporters, to prepare for new European Union carbon regulations that could affect their competitiveness and access to international markets. He was speaking at the Ghana National Climate and ESG Policy Summit in Accra, where he highlighted the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Ghana’s industrial development and trade relations.

Read →
EPA gives Empire Cement 30 days to submit relocation plan
business

EPA gives Empire Cement 30 days to submit relocation plan

The Environmental Protection Authority (EPA) has given Empire Cement Ghana Limited 30 days to submit a comprehensive plan to relocate its cement grinding and bagging facility away from the Densu Delta Ramsar Site. The directive, signed by the EPA’s Chief Executive Officer, Professor Nana Ama Browne Klutse, follows years of regulatory concerns over the facility’s location, including its proximity to residential communities, Panbros Salt Industries Limited and the environmentally sensitive Densu Delta Ramsar Site.

Read →
Budget 2026: what it means for your wallet, your mortgage and your pay
business

Budget 2026: what it means for your wallet, your mortgage and your pay

How the chancellor’s measures on tax, benefits and pensions will affect your personal finances Healey offers £100 payment to households to help navigate ‘global economic storms’ Budget 2026: key points at a glance Budget 2026 calculator: find out if you are better or worse off Josh graduated two years ago from an English university and is back home in London. Graduates must repay 9% of earnings over the threshold.

Read →