business news

Evans Oppong wins big at Ashanti Business Merit Awards

Kumasi-based business mogul Evans Oppong has been adjudged the Most Outstanding Personality in Consumer Goods Distribution at the Ashanti Business Merit Awards (ABMA). The Ashanti Business Merit Awards recognises the contributions of large- and small-scale businesses and their owners within the Ashanti Region, particularly those that provide exceptional services to consumers, contribute to the local economy and uphold industry standards.

North Korea Behind $6bn Crypto Theft From Binance, Says FBI

Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for. “The Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026,” the statement said.

Businessman found dead in Durgam Cheruvu

Air Peace, United Nigeria partnership reflects benefits of business cooperation – Okonkwo

By Dickson Omobola Executive Chairman of United Nigeria Airlines, Professor Obiora Okonkwo, has said the Igbo entrepreneurial model must be reformed, not discarded, to remain competitive in today’s global economy. Okonkwo, who was the facilitator at the 2026 Annual General Meeting of De Imperial Philanthropic Family in Lagos, delivered a talk titled: ‘Recalibrating the Igbo Entrepreneurial Model for the Emerging Global Economy’.

New public spending category PDEL is a welcome and could have big impact

The Preventative Departmental Expenditure Limit will be money ringfenced in the budget for preventive policies John Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spend universe – little PDEL. It may not have the charm of Disney’s Wall-E, but PDEL (pronounced P-Del), Preventative Departmental Expenditure Limit, to give it its full name, marks a welcome, and potentially very consequential, addition.

Fashion and tradition: how John Smedley is innovating in a tough market

In the final article in a series on high-end British manufacturing we look at a clothing brand that dates to the 18th century but is increasingly on-trend Making jeans again: the Hiut Denim factory in Cardigan Rolls-Royce rides high on craze for customisation Luxury leather: from wallets to cigar cases Tina is wielding a large pair of scissors with authority, slicing with immense skill and precision. With 38 years of experience, she is an important member of the 230-strong manufacturing team producing fine knitwear for the John Smedley brand.

Britain should not issue apology over slave trade, says Kemi Badenoch

Tory leader says apology would be ‘navel-gazing distraction’ and would be used as lever for financial compensation Kemi Badenoch has said an apology for Britain’s role in the transatlantic slave trade would be a “navel-gazing distraction”, describing slavery as an evil “in which people from every continent and region participated”. Speaking to broadcasters on Sunday, Badenoch also questioned whether it was worth future leaders attending the Commonwealth summit, given that it was now dominated by calls for reparations.

Kalaburagi master plan focuses on investments, jobs and infrastructure: Priyank Kharge

The master plan, which had been announced last year, was aimed at accelerating the city’s development along the lines of the Smart City model

2027: PRP candidate faults Mbah’s development scorecard

By Chinedu Adonu The governorship candidate of the Peoples Redemption Party (PRP) in Enugu State, Ray Kene Ogbodo, has faulted Governor Peter Mbah’s performance report, arguing that the administration’s development efforts should be measured by improvements in the living conditions of residents rather than projects executed and revenue generated. “Governor Mbah has presented an impressive account of projects and government revenue.

Mahama welcomes UK’s openness to apology over transatlantic slave trade

He reaffirmed Ghana’s solidarity with African Union member states, the Caribbean Community (CARICOM) and people of African descent in the Americas, while endorsing structured, good-faith dialogue involving these groups and countries that participated in the slave trade. Ghana, he assured, was ready to work with the African Union, CARICOM, the United Kingdom and other members of the global coalition to secure lasting justice, genuine reconciliation and a future free from racism and discrimination.

COCOBOD CEO woos investors with Ghana’s new cocoa financing model at New York forum

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Ransford Anertey Abbey, has presented Ghana’s new cocoa financing model and outlined reforms aimed at strengthening the cocoa sector at the Africa Cocoa Finance & Investment Forum (ACFIF) in New York. The presentation comes as Ghana rolls out a new cocoa financing framework anchored by Cocoa Capital PLC, which is raising GH¢16.3 billion through a domestic securities programme to finance cocoa purchases and address legacy debt obligations.

Mysuru City Corporation collects ₹210 crore in property tax so far this year: Yathindra Siddaramaiah

Mysuru City Corporation had set a target of collecting ₹286.72 crore in property tax during 2026-27

Supreme Court paves way for IT assessments of two businessmen sons of former CJI Y.K. Sabharwal

A Bench of Justices J.B. Pardiwala and K. Vinod Chandran dismissed four appeals filed by Chetan and Nitin Sabharwal, while upholding income tax reassessment notices issued for assessment years 2008-09 and 2009-10

Binance says resuming withdrawals after major hack

“First batch network now opened in phase one of withdrawals is $BTC bitcoin network,” Binance said on X. The company said in an earlier update that it was preparing to resume the first phase of withdrawals between 0600 and 0900 GMT on Sunday. The FBI accused North Korea of being behind the attack on Saturday, confirming earlier suspicions from private investigators and analysts that a Pyongyang-affiliated group called TraderTraitor was behind the hack.

New tax laws outlaw revenue roadblocks, Adesokan says

By Emma Ujah, Abuja Bureau Chief There is no room for agents of state and local governments to mount roadblocks in the name of revenue collection under the new tax laws, the Executive Secretary of the Joint Revenue Board (JRB), Mr Olusegun Adesokan, has said. The states, according to him, are Kebbi, Kaduna, Zamfara, Ekiti, Enugu, Abia, Anambra, Gombe, Adamawa, Yobe, Borno, Niger, Plateau, Benue, Kogi, Kwara, Nasarawa, Akwa Ibom, Bayelsa, Delta and Ondo.

High street ‘slot farms’ could evade budget tax rise through bingo hall loophole

Hundreds of adult gaming centres in England have bingo licences that still qualify them for discounted business rates Hundreds of high street “slot farms” could continue claiming a discount on their business rates, unless the government closes a loophole that allows them to pose as bingo halls. John Healey singled out adult gaming centres (AGCs) in his first budget this week, in which he increased duty on slot machine takings from 20% to 25%, claiming he was “raising taxes on gambling to support good growth on every high street”.

SAHCO to handle Air Algérie flights in Lagos, Abuja

By Dickson Omobola Skyway Aviation Handling Company Plc, SAHCO, has secured a ground handling contract with Air Algérie in Lagos and Abuja. Under the agreement, SAHCO will provide full ground handling services to Air Algérie at the Murtala Muhammed International Airport in Lagos and the Nnamdi Azikiwe International Airport in Abuja, leveraging its highly trained workforce, modern ground support equipment and operational expertise to deliver safe, seamless and efficient services in line with international best practices.

PM Modi cities World Bank report to highlight ‘historic’ fall in India’s extreme poverty

In a post on Instagram featuring the inspiring and energetic song ‘Thaan Liya’ from the Bollywood movie ‘Dasvi’ as background music, Mr. Modi highlighted that the “historic" drop in poverty represents a generational surge in opportunities

2026 Luv FM-Republic Bank Habitat mini-clinic records huge success in Kumasi

The mini-clinic of the 2026 edition of the Luv FM-Republic Bank Habitat has recorded a successful outing in Kumasi, bringing together key players in Ghana’s housing and construction industry to promote affordable and accessible homeownership. Main Habitat Fair scheduled for November The partnership between Luv FM and Republic Bank is expected to continue offering prospective homeowners access to financial guidance and other essential services as they work towards owning homes.

Gov’t wants to use Traffitech-GH to extort money from drivers while traders take over spaces – GPRTU

The ultimatum was issued in a statement dated October 31 by the Ghana Private Road Transport Union (GPRTU) of the Trades Union Congress (TUC), the Commercial Transport Operators of Ghana and the Concerned Drivers Association of Ghana, operating under the Joint Transport Front. The statement was signed by Samuel Amoah, National Deputy Public Relations Officer of the GPRTU of TUC; Asonaba Nana Owiredu, National Chairman of the Commercial Transport Operators of Ghana; Paa Willie, National Chairman of the Concerned Drivers Association of Ghana; David Agboado, National PRO of the Concerned Drivers…

Country town reliant on backpackers warns visa changes will cripple business

Backpackers like Valerie Casto are the lifeblood of businesses and farms across Manjimup, with locals arguing proposed changes to working holiday visas will hurt the community.

Telecoms Services: 5 Issues Reps should address beyond CEO summonses

By Lukman Omikunle The emerging scenario surrounding the House of Representatives’ summons of telecommunications company chief executives over poor network quality has drawn attention to the persistent frustration of subscribers. In August, the Nigerian Communications Commission (NCC) disclosed that more than 5,000 fibre-optic cable cuts were recorded in Nigeria during the first six months of 2026, largely associated with road construction, excavation and other civil works.

Stable on paper. What about your pocket?

This article does exactly 3 things: Peg the macroeconomic data side by side with the statements made Examine the prospects of the Government’s New baby “New Economy” And most importantly, whether the policies and promised 24hr economy have achieved the intended purpose of reducing the unemployment rate And finally, what the state of unemployment looks like, which was the main issue at hand for which this government was voted into power: a promised 3-shift job system that will create employment and expand economic growth in key sectors. According to the Ghana Statistical Service (GSS), the…

Ghana courts Qatari investors into key sectors of economy

The Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Simon Madjie, has called for increased investment from Qatar into strategic sectors of Ghana’s economy to strengthen bilateral economic relations and promote sustainable growth. Mr Madjie said Ghana’s participation in the forum was aimed at showcasing the country’s investment potential and encouraging Qatari businesses to explore commercially viable opportunities.