business news

NUPRC opens bidding for 40 oil, gas blocks Nov 20
business

NUPRC opens bidding for 40 oil, gas blocks Nov 20

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that bidding for 40 oil and gas blocks under its 2026 licensing round will commence on November 20. Eyesan attributed the improvement in Nigeria’s investment climate to the Petroleum Industry Act (PIA), enacted in 2021, and executive orders signed by President Bola Tinubu.

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GRIDCo to construct 5th feeder in Kumasi for improved power reliability
business

GRIDCo to construct 5th feeder in Kumasi for improved power reliability

Kumasi is set for a major boost in electricity supply as the Ghana Grid Company (GRIDCo) moves to complete the construction of a fifth feeder by the end of the year. A high-level delegation from the Ghana Grid Company and the Electricity Company of Ghana, together with the Ashanti regional minister, inspected ongoing power upgrade projects in the Ashanti Region.

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CBN appoints eight agents for crude oil exports
business

CBN appoints eight agents for crude oil exports

Others are Geospace Limited, assigned to Escravos, Odudu and Crawthorne; 617 Limited, covering Bonga, Brass and Usan/Eae; Robinson Energy International Limited, assigned to Ugo-Cha, Pennington, Oyo Aje, Ima and Nembe; and Trobell International Nigeria Limited, covering Forcados, Bonny and Okwori. Integrated Shipping Services was assigned Akpo, Antan, Okoro, Anyala-Madu and Ebok, while Nephron Business Limited will cover UK Politics, Staple, Yoho, Abo, Agbami, Ajakpa, Okono, Okwok and additional marginal field streams designated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

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More jobs, better pay: The budget Ghanaian workers deserve
business

More jobs, better pay: The budget Ghanaian workers deserve

Sustainability Consultant and Lecturer As Ghanaians await the presentation of this year’s national budget, expectations are understandably high. For a worker employed over a standard 25-day working month, this amounts to approximately GH₵542.50, or about GH₵547.50 by some calculations.

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Nigeria targets defence equipment self-sufficiency 61 years after DICON
business

Nigeria targets defence equipment self-sufficiency 61 years after DICON

….DICON-D7G plans 7,000 jobs, seeks foreign investment, technology transfer By Ibrahim Hassan-Wuyo Nigeria’s drive towards self-sufficiency in military equipment production has received a boost, with DICON-D7G unveiling plans to expand indigenous defence manufacturing, attract foreign investment and create 7,000 jobs for retired military personnel and civilians. The Chief Executive Officer of DICON-D7G, Mr Osman Chennar, disclosed this in a statement issued to journalists on Monday, saying the initiative was aimed at reducing Nigeria’s dependence on imported military hardware through local…

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NUPRC opens bidding for 40 oil, gas blocks November 20
business

NUPRC opens bidding for 40 oil, gas blocks November 20

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday disclosed that bidding for 40 oil and gas blocks under the 2026 licensing round will commence on November 20, 2026. The NUPRC chief executive attributed the improvement in Nigeria’s investment climate to the Petroleum Industry Act, PIA, enacted in 2021, as well as executive orders signed by President Bola Tinubu.

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Sam George says over 3.1 million Ghanaians using virtual assets to come under regulation
business

Sam George says over 3.1 million Ghanaians using virtual assets to come under regulation

Minister for Communications and Digital Technology, Samuel Nartey George, has disclosed that more than 3.1 million Ghanaians are using virtual assets, including cryptocurrencies. In his keynote address, Minister for Communications and Digital Technology Samuel Nartey George defended the need to regulate the sector, noting that more than 3.1 million Ghanaians are using virtual assets.

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Control of Britain’s 39m smart meters passes to non-profit startup
business

Control of Britain’s 39m smart meters passes to non-profit startup

The handover marks the end of a 13-year licence for Smart DCC, a subsidiary of Capita, after years of spiralling costs and delays Control over Great Britain’s 39m smart meters has passed to a non-profit startup after its former owner presided over more than a decade of spiralling costs and delays in the troubled network. The company owned by crisis-hit outsourcing firm Capita has promised a “seamless transition” to its not-for-profit successor, which will take over running the data network connecting the smart meters from this week.

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Brickmaker’s woes deepen the UK housebuilding gloom
business

Brickmaker’s woes deepen the UK housebuilding gloom

Ibstock has issued a thumping profits warning, with sales 22% below expectations in the third quarter With John Healey’s Your First Home scheme on the way, is the mood improving in the housebuilding sector? Industry data, said Ibstock, show UK brick market volumes down 17% year-on-year in July and August.

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GoldBod among 20 companies in SEC’s expanded virtual asset sandbox
business

GoldBod among 20 companies in SEC’s expanded virtual asset sandbox

The Securities and Exchange Commission (SEC) has increased the number of companies admitted into its virtual asset regulatory sandbox from 11 to 20 as it gathers information to guide the regulation of digital asset services in Ghana. GoldBod among companies in regulatory sandbox Some of the companies admitted into the expanded sandbox include Africoin Ghana, the Ghana Gold Board (GoldBod), The Blue Penguin Company, HSB Global Fintech and BSystems.

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Telecel rewards customer with brand new Hyundai Creta in Dream Car Promo
business

Telecel rewards customer with brand new Hyundai Creta in Dream Car Promo

Telecel Ghana presented a brand-new Hyundai Creta to the grand prize winner of the 15th cycle of its Dream Car Promo, reaffirming its commitment to transforming customers’ lives through rewarding, impactful experiences. Speaking at the presentation ceremony, Carlos Asare-Okoh, Senior Manager, Mobile Data and Digital Services of Telecel Ghana, said the promotion reflects Telecel Ghana’s commitment to helping customers achieve their aspirations.

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Rachel Reeves and the Starmerites are back – and they’re pointing out how little has changed
business

Rachel Reeves and the Starmerites are back – and they’re pointing out how little has changed

Rachel Reeves wants you to know she thinks Britain’s future belongs in Europe. The gist of her argument in last weekend’s Sunday papers – previewing a lecture at Harvard University today, reflecting on her time in power – was essentially that if anyone imagines Andy Burnham somehow invented pro-Europeanism and putting more money in people’s pockets, they can think again.

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Oil price falls amid hope of a breakthrough to end Iran war
business

Oil price falls amid hope of a breakthrough to end Iran war

Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeks The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs.

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Nigeria targets wider access to West African markets
business

Nigeria targets wider access to West African markets

FG urges businesses to exploit ECOWAS trade scheme By Boluwaji Obahopo, Lokoja LOKOJA — The Federal Government has urged Nigerian manufacturers, farmers and entrepreneurs to take advantage of the ECOWAS Trade Liberalisation Scheme (ETLS) to expand their businesses into West African markets. The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, made the call at the ECOWAS Trade Liberalisation Scheme Sensitisation Workshop for the North-Central zone, held in Lokoja, Kogi State, in collaboration with the ECOWAS Commission.

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What Is Wrong With Us: Africa cannot blame its way to economic freedom
business

What Is Wrong With Us: Africa cannot blame its way to economic freedom

Prof. Douglas Boateng, Chartered Director UK | Chartered Engineer UK | Fellow, Institute of Directors UK | Fellow, Ghana Institution of Engineering | Governance, Industrialisation and Supply Chain Strategist | Founder, Boardroom Governance Summit | Founder and Scriber, NyansaKasa (Words of Wisdom) Ghana became independent in 1957, Nigeria in 1960 and Kenya in 1963, which means many African nations have now governed themselves for well over six decades, while South Africa, whose democracy dates from 1994, carries a more recent and distinctive legacy of exclusion.

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GACL to pay first-ever dividend to government since 2007
business

GACL to pay first-ever dividend to government since 2007

The Ghana Airports Company Limited (GACL) has earmarked GH¢30 million for payment to the Government of Ghana, marking its first dividend payment since the company was established in 2007. Beyond the Kotoka International Airport, the company is required to invest in regional airports, including those in Kumasi, Tamale, Sunyani and Ho.

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