business news

World Bank, IMF recognise Tinubu’s economic reforms – $1tn economy target achievable – Yilwatda

The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Goshwe Yilwatda, has said Nigeria’s ambition of building a $1 trillion economy is within reach, citing the economic reforms introduced by President Bola Tinubu and their recognition by the World Bank and the International Monetary Fund (IMF). He stated this in Uyo, Akwa Ibom State, where President Tinubu and his entourage attended a rally at the Senator Godswill Akpabio International Stadium.

‘Grand Theft Auto’ set for blockbuster return after 13 years

“It is going to be the biggest entertainment launch of all time,” Chris Dring of The Game Business outlet told AFP. – ‘Top creators’ – ‘GTA VI’ has two main protagonists, former drug-runner Jason and newly released ex-con Lucia, who try to survive in Vice City, a reimagining of Miami.

Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

Thet explain: The market value drop on the S&P Composite 1500 index, a broad basket of America’s publicly traded companies, was the biggest since the turn of the millennium, according to FT calculations based on FactSet data “(Clients) were long index, long stocks, and they all got carried out. Lloyds house price index 9am GMT: UN’s FAO food price index 1.30pm GMT: US non-farm payrolls jobs report 3pm GMT: University of Michigan’s US consumer confidence report Continue reading...

Institute of Packaging Ghana to strengthen collaboration with farmers, agribusinesses to boost packaging industry

The Institute of Packaging, Ghana (IOPG) says it will deepen collaboration with farmers, agro-processors and other stakeholders in the agricultural value chain to improve packaging solutions, reduce post-harvest losses and enhance the competitiveness of locally produced goods. As part of the anniversary celebrations, IOPG will organise a Packaging Webinar on December 2, 2026, ahead of Ghana’s National Farmers’ Day celebrations.

Over 400 Northern Ashanti Mines workers petition Mahama over mine closure

More than 400 workers of Northern Ashanti Mines Limited Company (NAMLC) have petitioned President John Mahama to intervene in the closure of the mine and facilitate its reopening following its takeover by the National Anti-Illegal Mining Operations Secretariat (NAIMOS). The workers presented their petition to the Municipal Chief Executive (MCE) for Asante Akim Central, Rev. Dr Ebenezer Ekow Aidoo, on November 6, appealing to the President to consider the impact of the closure on their livelihoods and the wider local economy.

Historic private estate goes on sale for £65m

Historic private estate goes on sale for £65m. A mansion once home to lieutenant-governors, a marmalade magnate and family of Oscar-winning actresses has been put on the market for £65m. Havilland Hall in Guernsey sits in about 80 acres of land, has six bedrooms, seven bathrooms, five reception rooms, an indoor pool and is being marketed as the island’s largest private estate. Phillippa Dalby-Welsh, head of Savills’ country department, described Havilland Hall as a “pre-eminent Channel Island estate”.

Like the Danes, we need to pay for the society we want

Karin Blak responds to an article about children’s homes in crisis and what can be learned from the Danish system As a Dane who went through Danish children’s services, and later worked in Sure Start centres as a family therapist in England, I found your article particularly resonant (English children’s homes are in crisis. Denmark’s basic national income-tax rate and average municipal income-tax rate together amount to about 37%, almost twice England’s 20% basic rate.

UK dairy farmers face further pressure as milk processor cuts prices

“Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”. Most of the UK’s dairy producers were already being paid less for their milk than it costs to produce it after a year of volatile farmgate milk prices, combined with the impact of the summer’s drought and soaring costs of vital fuel and fertiliser triggered by the conflict in Iran.

CBN sets N10bn, N15bn capital requirements for stablecoin issuers

The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators. Under the new guidelines, Class 1 licensed issuers, covering naira-referenced stablecoins, are required to maintain a minimum paid-up capital of N10 billion, while Class 2 issuers, covering foreign currency-referenced stablecoins, must maintain N15 billion.

Have you set a Christmas budget, or are you leaving it to chance?

“This Christmas I don’t really have a budget. but I don’t have money, I’ll wait for people to send me Christmas gifts.

Bike-taxi driver held on charge of sexually assaulting woman passenger

Global stocks fall amid ‘big worries over AI’ after Democrats’ midterms triumph

Asian and European markets follow US tech rout with many analysts predicting more waves of selling to come Business live – latest updates European and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier. The investor sentiment then reached London, where the market was, at one stage, poised for its worst day since March.

Kwame Nkrumah Memorial Park calls for Independence Declaration photo on selected banknotes

The Management of the Kwame Nkrumah Memorial Park has called on the Bank of Ghana (BoG) to replace the image of the Big Six on selected banknote denominations with the historic photograph of Ghana’s independence declaration on March 6, 1957. It said the proposal is consistent with the Bank of Ghana’s planned introduction of a Heritage Series of banknotes, which would provide an opportunity to celebrate significant personalities, events and milestones in the country’s national history.

CBI books Future Retail, Kishore Biyani, others in ₹904 crore bank fraud case; searches conducted in Mumbai

SBI alleged that the company failed to utilise the sanctioned funds in accordance with the terms and conditions of the loan facilities

AI stocks climb after trillions wiped from market values

Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.

Tinubu: We’ll turn stability into prosperity through enterprise

President Bola Tinubu has said Nigeria’s next economic priority is to translate the gains of ongoing reforms into prosperity through enterprise, industrial growth and expanded trade. Tinubu spoke on Thursday at the opening of the 40th Lagos International Trade Fair, organised by the Lagos Chamber of Commerce and Industry (LCCI), at Tafawa Balewa Square, Lagos.

Nigeria’s External Debt Hits $145bn As Servicing Burden Rises — World Bank

The World Bank’s International Development Association (IDA) accounted for $18.533 billion of the multilateral debt, while IMF Special Drawing Rights allocations stood at $5.516 billion. Despite the increase in the debt stock, Nigeria recorded improvements in two key debt indicators, with external debt relative to exports declining by 4.3 per cent to 212 per cent, while the debt-to-Gross National Income ratio fell by 6.6 per cent to 51 per cent.

FG steps up CNG push with fuel station revival, staff vehicle conversion

—Initiative promotes cheaper energy, attracts private investment — Perm Sec ––Says 10 JAC vehicles, Villa shuttle buses already CNG-hybrid By Johnbosco Agbakwuru ABUJA–The Federal Government has renewed its drive to promote the adoption of Compressed Natural Gas (CNG) with the reopening of a former petrol filling station at the State House, Abuja, now converted into a CNG refuelling facility. Speaking at the inauguration of the facility in Karu, Abuja, Fashedemi disclosed that the project was executed through a partnership between the State House, the Presidential Initiative on Compressed…

IMF acknowledges Ghana’s strong revenue performance and progress in tax administration reforms

This recognition reinforces the Ghana Revenue Authority’s (GRA) important contribution to Ghana’s economic recovery and fiscal stability. Commenting on the review, Commissioner General of the Ghana Revenue Authority, Anthony Kwasi Sarpong, said the GRA remains focused on strengthening compliance and using digital channels to improve tax collection efficiency.

Telangana is a centre for investments, innovation, research: Sridhar Babu

Cashew crisis: Usibras imports Ivorian kernels to save Ghanaian jobs

In a dramatic shift highlighting systemic pressures on domestic agro-processors, leading Ghanaian cashew processor Usibras has turned to importing semi-processed cashew kernels from neighboring Côte d’Ivoire to keep its factory operational. The potential absence of Usibras from Ghana’s domestic raw cashew nut market in 2027 could result in an estimated US$17 million in lost direct purchasing expenditure.

Gender Minister pushes for greater economic opportunities for women at 2026 Commonwealth Women’s Forum

She made the call at the 2026 Commonwealth Women’s Forum in St John’s, Antigua and Barbuda, where she outlined Ghana’s policy measures and experiences in promoting women’s economic empowerment. However, Dr Lartey cautioned that policy commitments must translate into tangible improvements in women’s lives, noting that many Ghanaian women entrepreneurs continue to face challenges despite their significant contribution to the economy.

When feed prices crack the egg market

Rising maize and soybean prices, the mainstays of poultry feed, are squeezing farmers even as El Niño threatens to disrupt grain supplies; with feed accounting for nearly 80% of production costs, the pressure is building on Telangana’s poultry sector, raising concerns over egg output and prices

India Posts Payment Bank and Dept of Pension join hands