business news

Dear Andy Burnham: the full story of enslavement has to move beyond comforting stories
business

Dear Andy Burnham: the full story of enslavement has to move beyond comforting stories

The prime minister’s focus on white abolitionists and working-class solidarity diminishes the true scale of Manchester’s reliance on the slavery economy In May 1767, a notice was placed in the Manchester Mercury for “Any Gentleman, or Lady, wanting to purchase a Black Boy, 12 years of age” to inquire on Market Street, at the site of today’s Uniqlo clothes shop. After 15 years of painstaking work through the scattered fragments that recorded and pointed to Manchester’s enslaving history, I still don’t think I have come to terms with my moment of discovery, a few months ago, of those few words…

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business

Apapa Customs generates N302.9bn in October, warns against illicit trade

By Godwin Oritse The Apapa Area Command of the Nigeria Customs Service (NCS) generated N302.9 billion in revenue in October 2026, representing a 7.13 per cent increase over the N282.79 billion recorded in September 2026. In a statement issued by Isah Sulaiman, Chief Superintendent of Customs and Public Relations Officer of the Command, the October revenue performance reflects the Command’s sustained efforts to boost revenue generation while facilitating legitimate trade.

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Dangote, African bourses explore wider access for $1.6bn refinery IPO
business

Dangote, African bourses explore wider access for $1.6bn refinery IPO

By Yinka Kolawole, with agency report Dangote Group has held talks with African stock exchanges to broaden access to the $1.6 billion initial public offering (IPO) of its refinery beyond Nigeria, although differences in regulatory requirements across markets have complicated the process. Edoh Kossi Amenounve, Chief Executive Officer of the Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM), disclosed this in an interview with Reuters on the sidelines of the Africa Financial Summit in Luanda.

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Power supply plunges as gas shortage, water level worsen
business

Power supply plunges as gas shortage, water level worsen

By Udeme Akpan, Obas Esiedesa & Ediri Ejor There are indications that electricity supply to consumers nationwide has worsened, with Distribution Companies (DisCos) receiving 2,926 megawatts (MW), amid inadequate gas supply, reduced water inflows into hydroelectric reservoirs and other operational constraints. The breakdown showed that Azura-Edo IPP contributed 437MW, Okpai 421MW, Afam VI 320MW, Delta 334MW, Shiroro hydro 295.90MW, Jebba hydro 245MW, Kainji hydro 214MW, Omotosho 174.90MW, Olorunsogo 157.50MW, Geregu 117MW and Egbin 111MW.

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PIAC elects Peter Quartey as new Chair for one-year term
business

PIAC elects Peter Quartey as new Chair for one-year term

Economist and development finance expert Professor Peter Quartey has been elected Chair of the Public Interest and Accountability Committee (PIAC) to serve a one-year term, effective 3rd November, 2026. Mr Samuel Bekoe, Vice Chair, PIAC Professor Peter Quartey is an accomplished Professor of Economics with over 22 years of experience in development finance, private sector development, monetary and financial sector development, and digital finance.

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business

Key takeaways from 32nd Nigerian Economic Summit

Furthermore, the Summit dissected Nigeria’s development priorities across five critical sub-themes, including: Work Nigeria, which entails building a job-rich and strengthening labour absorption; Produce Nigeria, which entails driving productivity, industrialization, and value creation; Invest Nigeria, which entails delivering investment, shared prosperity, welfare, and social protection; Scale Nigeria , which entails expanding growth across states, sectors, and communities; and Secure Nigeria which entails restoring safety, stability, and confidence for economic activities. Reforms…

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KEDI Healthcare Celebrates 20 Years in Nigeria with 8th Car Award Ceremony and Major Announcements
business

KEDI Healthcare Celebrates 20 Years in Nigeria with 8th Car Award Ceremony and Major Announcements

KEDI Healthcare Industries Nigeria Limited celebrated its 20th anniversary alongside its 8th Car Award Ceremony on 24 October 2026 at the Wole Soyinka Centre for Culture and the Creative Arts (formerly the National Theatre), Iganmu, Lagos. Celebrating 20 Years and Unveiling a Renewed Corporate Direction Established in 2006, KEDI Healthcare has developed a strong presence in Nigeria and expanded its business network into other African markets, including Ghana, Benin Republic and Liberia.

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Finance Minister applauds Nyakrom Community Bank for pioneering banking initiative
business

Finance Minister applauds Nyakrom Community Bank for pioneering banking initiative

Dr Cassel Ato Forson, the Minister of Finance and Economic Planning, has applauded the Nyakrom Community Bank PLC for its pioneering initiative in Rural /Community banking. In a speech delivered on his behalf at a durbar to mark the 50th Anniversary celebration of the Nyakrom Community Bank PLC at Nyakrom in the Agona West District of the Central Region, Dr Forson noted that the inherent idea had finally been realised through the reforms of the Bank of Ghana (BOG), converting rural banks into community banks which deserved to be celebrated.

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Japan Motors CEO Salem Kalmoni unveils his 6 rules for business success
business

Japan Motors CEO Salem Kalmoni unveils his 6 rules for business success

The Kalmoni family’s business roots date to 1920, when his grandfather, the late Salem Kalmoni, established Kalmoni & Sons, initially operating in transport and trading. He later led its operations in Ghana before his appointment in 2026 as Group Chief Executive Officer of Japan Motors Network, which has operations in Ghana and other West African markets.

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GUTA urges authorities to act over Chinese malls’ impact on local businesses
business

GUTA urges authorities to act over Chinese malls’ impact on local businesses

The President of the Ghana Union of Traders’ Associations (GUTA), Clement Boateng, has urged authorities to examine the expansion of Chinese shopping malls, warning that local businesses are losing market share. Mr Boateng agreed with Ghana National Chamber of Commerce and Industry CEO Mark Badu-Aboagye that economic indicators were moving in a favourable direction.

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Choose engineering over business degrees, Salem Kalmoni advises youth
business

Choose engineering over business degrees, Salem Kalmoni advises youth

The Group Chief Executive Officer of Japan Motors Network, Salem Kalmoni, believes specialised technical skills offer young people a stronger foundation for professional growth and leadership, particularly in industries that require practical knowledge and problem-solving abilities. He is a third-generation member of the Kalmoni family, whose business interests grew from a transport and trading enterprise established by his grandfather, Salem Kalmoni, in 1920.

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Raise your children to carry the business torch — Salem Kalmoni advises Ghanaian entrepreneurs
business

Raise your children to carry the business torch — Salem Kalmoni advises Ghanaian entrepreneurs

The Chief Executive Officer of Japan Motors Ghana, Salem Kalmoni, says exposing children to the daily operations of a family business while they are young helps them understand its values, culture and responsibilities long before they are expected to take over. Japan Motors Trading Company Limited traces its roots to Kalmoni & Sons, a family trading and transport business established by his grandfather, the late Salem Kalmoni, in 1920.

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Some regions face higher inflation than national average – GNCCI CEO
business

Some regions face higher inflation than national average – GNCCI CEO

Some regions are recording inflation above the national average, despite easing price pressures overall, the CEO of the Ghana National Chamber of Commerce and Industry (GNCCI) said. Speaking on Joy News’ PM Express Business Edition on Thursday, he acknowledged the differences but said inflation had broadly been stable.

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Canada unveils budget to curb reliance on US
business

Canada unveils budget to curb reliance on US

Canadian Prime Minister Mark Carney’s government presents its budget on Thursday, a plan designed to reduce US reliance, which remains Ottawa’s priority despite President Donald Trump’s midterm election setback. Carney says Canada needs to urgently diversify its trade relationships and has named Thursday’s budget — his second since taking office last year — “Masters of our Destiny.”

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Tax relief, falling interest rates ease business costs – GNCCI CEO
business

Tax relief, falling interest rates ease business costs – GNCCI CEO

Tax relief and falling interest rates are easing production costs, but businesses still face pressure, the Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI) said. Speaking on Joy News’ PM Express Business Edition on Thursday, he said: “Relatively, business has been good.

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All unauthorised billboards in Accra to be removed on November 14
business

All unauthorised billboards in Accra to be removed on November 14

Enforcing national standards The joint action follows recent disclosures by the AAG indicating that up to 60 per cent of the estimated 10,000 billboards dotting Accra’s skyline are unauthorized, poorly anchored, or erected in violation of statutory zoning rules. High-density inspection drive Starting Saturday, November 14, 2026, task forces comprising officials from the Ministry, the AAG, Metropolitan, Municipal, and District Assemblies (MMDAs), the GSA, and security personnel will deploy across selected high-density corridors in Accra to audit structures and launch physical removals.

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