The affected company, Nembe Exploration and Production Company Ltd, was formerly known as Aiteo Exploration and Production Company Ltd, an indigenous oil firm which acquired the OML 29, following Shell’s divestment in 2014.
At the group level, the Labour group inflation rate recorded a year-on-year inflation rate of -3.2 percent in September 2026 down from -2.9 in August 2026. The Material group recorded a year-on-year inflation rate of 6.5 percent in September 2026 up from 5.8 percent in August 2026 while the Plant group recorded a year-on-year inflation rate of 19.1 percent up from 17.9 percent in August 2026.
Gold Fields Ghana Limited has spent US$4.26 billion on goods and services over five years, including US$2.59 billion in its host communities, putting the spotlight on how mining procurement can translate into lasting economic opportunities for local businesses. It also engaged Genser Energy, a Ghanaian-founded and controlled business, as an independent power producer to supply electricity to its Tarkwa and Damang mines.
The year-on-year inflation rate of the Prime Building Cost Index (PBCI) was 5.1% in September 2026, up from 4.6% in August 2026. The Material group recorded a year-on-year inflation rate of 6.5% in September 2026, up from 5.8% in August 2026, while the Plant group recorded a year-on-year inflation rate of 19.1%, up from 17.9% in August 2026.
The Minerals Commission has defended its decision to terminate the mining leases and prospecting licences of Northern Ashanti Mines Limited, formerly Ower Mines, citing more than US$8.38 million in unpaid fees and alleged breaches of the Minerals and Mining Act, 2006 (Act 703). The Commission said Northern Ashanti Mines acquired a mining lease covering 595 cadastral blocks in January 2010.
The project will meet the 90 MW power requirement of BPCL's Petro Resid Fluidised Catalytic Cracking Unit (PRFCCU) project at its Mumbai refinery, Tata Power said in a statement
In its 2025 State of the Ghana Economy Report (SGER), ISSER said expanding effective irrigation, mechanisation and extension services, with greater attention to crop yields will raise agricultural productivity. Industry Sector On the Industry sector, ISSER said Ghana’s industrial slowdown in 2025 highlights the need to translate mineral sector strength into broader industrial development, supported by competitive manufacturing and greater domestic value addition.
A fallen 33kV electricity line triggered a fire that damaged homes and businesses in Ilorin, destroyed a vehicle and came a day after another fire in the city.
In this interview with Yusuf Lawal, Helabet representative Olajay discusses how the company is handling the regulatory chaos, shares a few internal user-growth figures, outlines plans for advertising strategy changes, and even explores the possibility of sponsoring a Nigerian football club. It brings a player to Helabet once.
German carmaker Mercedes-Benz has cut its 2026 profit outlook, citing tough market conditions in China, higher material costs, and falling sales.
Built in Nigeria, for the way Nigerians bet “I built SharpPunter because I was tired of seeing people stake their money on tips they had not checked by themselves, and I wanted something that would help punters truly understand which games were worth backing,” said Oluwatobi Abobade, who founded SharpPunter. Every SharpPunter pick shows the reasoning behind it, such as a team’s recent form or its record against that opponent, and carries a rating of Strong, Fair or Slim, and the Optimizer reads any code a user pastes in and rates each match SharpPunter covers.
With the 20% excise duty on local fruit juices now abolished, the government’s Feed the Industries Programme offers Ekumfi Fruits & Juices a pathway to US$48 million in annual turnover, more than 9,000 acres of fruit cultivation, and up to GH₵52,000 in gross revenue per acre for youth and farmers growing pineapple. The Excise Duty Removal Creates a New Opening Finance Minister Dr Cassiel Ato Forson announced the abolition of the 20% excise duty on locally manufactured fruit juices in the 2026 Mid-Year Budget Review on 23 July.
Boiler upgrade scheme, which provides grants of up to £9,000 for sustainable alternatives, expected to be slashed in budget When Bill Tuck first started installing air source heat pumps six years ago, other heating engineers were skeptical the green technology would take off. “I’m getting approached by them saying: ‘Mrs Jones, my customer for 15 years, she’s enquiring about a heat pump.
Liechtenstein's Prince Alois is on a visit to India from October 25-28 to shore up bilateral cooperation in trade and investment, science, technology and innovation
As John Healey’s budget decision looms, lender reports 32% rise in profits Business live – latest updates A top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget. HSBC’s chief financial officer, Pam Kaur, said there was “no pressure”, particularly from shareholders in its cornerstone Hong Kong market, to shift out of London despite lobbyists warning higher tax bills could drive big banks’ business abroad.
The Deputy President spoke on Tuesday in Njoro Constituency, Nakuru County where he inspected development projects. Present were host MP Charity Kathambi, Kuresoi South MP Joseph Tonui, Nakuru Woman Representative Liza Chelule, Nakuru Deputy Governor David Kones, MCAs among others.
Yet the first budget of the Burnham era looks set to dodge the issue In John Healey’s first budget this week, we will finally get a sense of the economic policies that will deliver Andy Burnham’s pledge to end neoliberalism. Faiza Shaheen is executive director of Tax Justice UK Continue reading...
Removing tariffs on more than 100 products, including gherkins and baked beans, was one of five measures announced this morning before tomorrow’s budget Unison has particularly welcomed the announcement today about higher tax-free mileage rates being made permanent. But, in her response, Andrea Egan, Unison’s general secretary illustrated how there is a limit to how much goodwill a government can generate from small “everyday fixes”.
The proposed framework would guide economic decisions across successive administrations, with public consultation scheduled to end on 27 November before the document proceeds for consideration by government institutions.
The United Nations Deputy Secretary-General, Amina Mohammed, has challenged Nigerians to adopt a more confident, evidence-based approach when communicating the country’s economic reforms and development potential to the international community. Speaking during a fireside chat titled “Africa’s Next Development Frontier: Inclusive Growth, Resilience, and Human Dignity” at the 2026 Nigerian Economic Summit (NES) in Abuja, the UN chief underscored the direct link between domestic self-perception and international investor confidence.
Administrator BTG says 738,144 firms struggling as calls grow for more support for private sector in budget Business live – latest updates The number of UK businesses in financial distress has hit its highest level in more than two decades, as pressure grows on the chancellor to provide more support to the private sector in Wednesday’s budget. There were 738,144 businesses in “significant” financial distress in the third quarter of this year, up 1.6% compared with the same period last year, according to BTG.
Former vice president and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar has pledged to support Nigeria’s gaming industry following reports that Lagos Life, a Nigerian browser game, raised $500,000 in an angel investment round three days after its developer was incorporated. His comments followed a report by TechCabal that Vatar Inc., the company behind Lagos Life, had secured $500,000 in an angel funding round at a valuation of $10m, three days after incorporation.
We have concluded most of the discussions and are fine-tuning the agreement, he said here while talking about the India-U.S. trade agreement