business news

Uneven petrol prices, lingering hardship as Zaria residents question NNPC discount

A commercial driver in Zaria said he had not yet seen any meaningful benefit despite buying petrol at an NNPC station in Dakatsalle.

IMF delegation assesses TOR’s rehabilitation and financial recovery efforts

A delegation from the International Monetary Fund (IMF) has visited the Tema Oil Refinery (TOR) to familiarise itself with the refinery’s operations, assess ongoing rehabilitation works and gain insight into management’s efforts to restore the facility to sustained operational and financial stability. The delegation was led by the IMF’s Ghana Resident Representative, Dr. Adrian Alter, while the TOR team was led by its Managing Director, Mr. Edmond Kombat, Esq.

TOR eyes stock market listing as it tackles $517m debt

The Tema Oil Refinery (TOR) is considering a listing on the Ghana Stock Exchange as management seeks fresh investment while pursuing the restructuring of an inherited debt burden of approximately $517 million. Managing Director Edmond Kombat disclosed this during a visit by an International Monetary Fund (IMF) delegation led by the Fund’s Ghana Resident Representative, Dr Adrian Alter.

Five held in investment fraud case

From Garden to Market: How women’s vegetable farming is transforming household livelihoods in Kaduna

Women farmers are among the key beneficiaries of the Governor Uba Sani administration's latest free fertiliser distribution, an intervention aimed at reducing production costs and strengthening smallholder farmers' capacity.

Africa must move youth-led green innovations beyond ideas to viable businesses – Ahmed Bening Wiisichong

The Secretary General of the Pan African Youth Union, Ahmed Bening Wiisichong, has called for stronger financing, technical support, and policy interventions to help young African innovators turn climate solutions into sustainable businesses that drive economic growth and create jobs. Speaking at the Africa Youth Conference at the Labadi Beach Hotel in Accra, Mr Wiisichong said scaling youth-led innovation required a deliberate shift from isolated initiatives to solutions that could be replicated, financed and sustained across communities and countries.

Bangladesh per capita GDP forecast to outstrip India’s: What does it mean?

Bangladesh expected to surpass India's per capita GDP this year, but that's not the complete economic picture.

Telangana | People pre-book rice harvest to lock prices; farmers get ₹3,000-₹3,500 per quintal in open markets

Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home

VW investment creates 4,500 jobs in Georgia comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs Audi has said it will spend $4bn (£3bn) to build its first factory in the US, as its parent company Volkswagen struggles with the impact of steep tariffs imposed by Donald Trump. The German brand’s chief executive, Gernot Döllner, joined Trump on stage at a campaign rally on Saturday night to announce the factory in Macon, Georgia, in an unusual move by a big European brand just days before the US midterm elections.

Tomato prices remain high as pepper gets cheaper in Lagos

Malam Mohammed, a tomato seller at Costain Bus Stop, said he sourced his produce from Mile 12 Market, where prices varied according to variety, size and place of origin. He said a paint of tomatoes, which sold for N6,000 in August and September, now cost N7,000, while a basket had risen from between N35,000 and N40,000 to between N45,000 and N65,000.

City Hall officials lead flag off and awards presentation at 2026 Standard Chartered Nairobi Marathon

​Representing Governor Sakaja Johnson during the prize-giving ceremony, Mr. Ibrahim Auma, County Executive Committee Member (CECM) for Finance and Economic Planning, officially awarded the champions of the flagship 42km Men’s and Women’s Full Marathon categories. ​In addition, Dr. Anastasia Nyalita, County Executive Committee Member for Business Hustler and Opportunities, presented awards to the top finishers in the 10km Men’s and Women’s races.

Nigerian businesses need more than bank loans to thrive – Finance Minister

According to the minister, patient capital, investor networks and institutional support are needed to help small businesses expand as seven startups share $277,000 in awards.

Cutting ‘red tape’ is nothing but a red herring – and arguably counterproductive

Blaming a moribund economy on too many rules is a hackneyed neoliberal trope – UK plc needs smarter regulation, not less regulation Before becoming prime minister, Andy Burnham pledged to “end 40 years of neoliberalism”. In the run-up to the chancellor John Healey’s high-stakes Commons address, the government issued a press release last week promising his plans would include measures to “slash the red tape choking firms”.

Enugu traders reaffirm support for Gov Mbah’s second term

The traders, under the umbrella of the Enugu State Market Amalgamated Traders Association (ESMATA), led by its President, Chief Chinwuba Igwesi, gave the assurance on Friday, 23 October during a high-level market stakeholders’ meeting with the governor.

Why Israel’s latest assault on Hebron is so significant for the West Bank

Mass expulsions, blockades and expanding settler control in Hebron threaten to devastate the West Bank economy.

Interest rates unlikely to reach 4.75% by next summer, say City economists

Experts say Bank of England unlikely to increase rates by full percentage point – and could lower them by end of 2027 Financial markets are wrong to predict the Bank of England will raise UK interest rates by a full percentage point or more by next summer, City economists believe. According to market-implied interest rate expectations, the Bank is likely to raise interest rates at least four times over the next year, lifting the bank rate from 3.75% today to 4.75% by the end of July, and possibly to 5% – meaning five rises – by December 2027.

What is the £100k income ‘cliff-edge’?

The tax-free personal allowance starts to be taken away when you hit six figures, and in England you lose access to childcare subsidies Believe it or not, there are downsides to earning more than £100,000 a year – particularly if you have small children. “It’s the ambition of many people to reach an income of £100,000, but it does come with an unexpected sting in the tail,” says Sean McCann, a chartered financial planner at NFU Mutual.

As a young man, magazines were my window to the world. That wonder will be lost when all the shops have gone

As a young man, magazines were my window to the world. The closure of former WH Smith stores around the UK is sobering on many levels.

Telangana’s H1 revenue below expectations as expenditure remains high

The State registers 38.14% of revenue receipts at the end of September month

President Ruto Defends Dangote’s 25% KPC Stake Amid Public Outcry

NAIROBI, Kenya Oct 24 – President William Ruto has defended Nigerian billionaire Aliko Dangote’s acquisition of a 25 per cent stake in the Kenya Pipeline Company (KPC) amid public outcry over the transaction, insisting the deal will benefit Kenyans. People’s Party of Kenya leader and Kiharu MP Ndindi Nyoro has questioned the share sale, alleging that public institutions were encouraged to buy shares during the company’s initial public offering before a substantial block was sold to Dangote.

Why aren’t African economists winning Nobel Prizes?, By ‘Tope Fasua

There are many observations around the subject of economics that African economists are better suited to understand. We could write and research around the impact of history on economies,

Qatar official calls for peace and security to boost trade, investment

The Qatari minister of state for trade says peace and security are essential for prosperity in trade and investment.

Mbadi: Over 362,000 More Kenyans to Be Exempted From PAYE Under Proposed Tax Changes

Over 362,000 More Kenyans to Be Exempted From PAYE Under Proposed Tax Changes. NAIROBI, Kenya, Oct 25 – National Treasury Cabinet Secretary John Mbadi says an additional 362,846 salaried Kenyans could be exempted from Pay As You Earn (PAYE) tax under a proposed government plan to raise the monthly income tax exemption threshold from Sh24,000 to Sh32,333.

Five IPOs to open next week; companies eye close to ₹2,600 crore

These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat