business
Fallen 33kV power line sparks fire, destroys buildings in Kwara
A fallen 33kV electricity line triggered a fire that damaged homes and businesses in Ilorin, destroyed a vehicle and came a day after another fire in the city.
business news
business
“Advertising Brings a Player Once, Actually Paying Winners Brings Them Back” — Helabet Representative Says
In this interview with Yusuf Lawal, Helabet representative Olajay discusses how the company is handling the regulatory chaos, shares a few internal user-growth figures, outlines plans for advertising strategy changes, and even explores the possibility of sponsoring a Nigerian football club. It brings a player to Helabet once.
business
Mercedes-Benz cuts 2026 profit outlook on tough China market
German carmaker Mercedes-Benz has cut its 2026 profit outlook, citing tough market conditions in China, higher material costs, and falling sales.
business
From Nigeria to Multiple Markets Across Borders: How SharpPunter Is Changing the Way Punters Analyse Sports
Built in Nigeria, for the way Nigerians bet “I built SharpPunter because I was tired of seeing people stake their money on tips they had not checked by themselves, and I wanted something that would help punters truly understand which games were worth backing,” said Oluwatobi Abobade, who founded SharpPunter. Every SharpPunter pick shows the reasoning behind it, such as a team’s recent form or its record against that opponent, and carries a rating of Strong, Fair or Slim, and the Optimizer reads any code a user pastes in and rates each match SharpPunter covers.
business
EKUMFI: How $6M EXIM participation built a $53M industrial asset — Now poised for a 24-Hour economy breakthrough
With the 20% excise duty on local fruit juices now abolished, the government’s Feed the Industries Programme offers Ekumfi Fruits & Juices a pathway to US$48 million in annual turnover, more than 9,000 acres of fruit cultivation, and up to GH₵52,000 in gross revenue per acre for youth and farmers growing pineapple. The Excise Duty Removal Creates a New Opening Finance Minister Dr Cassiel Ato Forson announced the abolition of the 20% excise duty on locally manufactured fruit juices in the 2026 Mid-Year Budget Review on 23 July.
business
‘No one saves the planet if it hits their pocket’: UK heat pump installers fear planned subsidy cuts
Boiler upgrade scheme, which provides grants of up to £9,000 for sustainable alternatives, expected to be slashed in budget When Bill Tuck first started installing air source heat pumps six years ago, other heating engineers were skeptical the green technology would take off. “I’m getting approached by them saying: ‘Mrs Jones, my customer for 15 years, she’s enquiring about a heat pump.
business
PM Modi, Liechtenstein’s Prince Alois hold talks to boost ties
Liechtenstein's Prince Alois is on a visit to India from October 25-28 to shore up bilateral cooperation in trade and investment, science, technology and innovation
business
HSBC says ‘no pressure’ to move HQ out of UK despite prospect of higher bank taxes
As John Healey’s budget decision looms, lender reports 32% rise in profits Business live – latest updates A top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget. HSBC’s chief financial officer, Pam Kaur, said there was “no pressure”, particularly from shareholders in its cornerstone Hong Kong market, to shift out of London despite lobbyists warning higher tax bills could drive big banks’ business abroad.
business
Kindiki: No turning back on ‘Usawa ni Sawa’ agenda for equitable development
The Deputy President spoke on Tuesday in Njoro Constituency, Nakuru County where he inspected development projects. Present were host MP Charity Kathambi, Kuresoi South MP Joseph Tonui, Nakuru Woman Representative Liza Chelule, Nakuru Deputy Governor David Kones, MCAs among others.
business
Why won't MPs tax the rich? We asked them – and their answers gave us hope
Yet the first budget of the Burnham era looks set to dodge the issue In John Healey’s first budget this week, we will finally get a sense of the economic policies that will deliver Andy Burnham’s pledge to end neoliberalism. Faiza Shaheen is executive director of Tax Justice UK Continue reading...
business
Tories dismiss PM’s budget ‘everyday fixes’ as little more than ‘cheaper gherkins’, and ‘an insult to families’ – UK politics live
Removing tariffs on more than 100 products, including gherkins and baked beans, was one of five measures announced this morning before tomorrow’s budget Unison has particularly welcomed the announcement today about higher tax-free mileage rates being made permanent. But, in her response, Andrea Egan, Unison’s general secretary illustrated how there is a limit to how much goodwill a government can generate from small “everyday fixes”.
business
Oyedele seeks lasting rules to safeguard Nigeria’s economic reforms
The proposed framework would guide economic decisions across successive administrations, with public consultation scheduled to end on 27 November before the document proceeds for consideration by government institutions.
business
“Be The First Confidence Builders”: UN Deputy Chief Amina Mohammed Urges Nigerians To Own Development Narrative
The United Nations Deputy Secretary-General, Amina Mohammed, has challenged Nigerians to adopt a more confident, evidence-based approach when communicating the country’s economic reforms and development potential to the international community. Speaking during a fireside chat titled “Africa’s Next Development Frontier: Inclusive Growth, Resilience, and Human Dignity” at the 2026 Nigerian Economic Summit (NES) in Abuja, the UN chief underscored the direct link between domestic self-perception and international investor confidence.
business
Number of UK businesses in financial distress ‘at two-decade high’
Administrator BTG says 738,144 firms struggling as calls grow for more support for private sector in budget Business live – latest updates The number of UK businesses in financial distress has hit its highest level in more than two decades, as pressure grows on the chancellor to provide more support to the private sector in Wednesday’s budget. There were 738,144 businesses in “significant” financial distress in the third quarter of this year, up 1.6% compared with the same period last year, according to BTG.
business
Atiku pledges gaming support after Lagos Life raises $500,000
Former vice president and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar has pledged to support Nigeria’s gaming industry following reports that Lagos Life, a Nigerian browser game, raised $500,000 in an angel investment round three days after its developer was incorporated. His comments followed a report by TechCabal that Vatar Inc., the company behind Lagos Life, had secured $500,000 in an angel funding round at a valuation of $10m, three days after incorporation.
business
India, U.S. fine-tuning trade agreement; most discussions over: Piyush Goyal
We have concluded most of the discussions and are fine-tuning the agreement, he said here while talking about the India-U.S. trade agreement
business
Anup Bagchi takes charge as HDFC Bank CEO and MD
Anup Bagchi, an ICICI Group veteran, becomes the first outsider to head HDFC Bank in its three-decade history, succeeding Sashidhar Jagdishan amid governance concerns
business
HSBC profits surge 32%, sparking fresh calls for bank taxes in the budget – business live
Rolling coverage of the latest economic and financial news HSBC’s jump in profits are prompting fresh calls for new bank taxes in the budget. As the Guardian reported earlier this month, Healey has decided to tap the financial sector for additional revenue.
business
Ghana needs TRUST laws to stop the theft of its Children’s Inheritance
Ghana’s Constitution already recognises fiduciary obligations over communal land and trusteeship over public land and minerals. Parliament should enact a Land and Natural Resources Trusteeship Act, requiring community TRUSTS for substantial customary land transactions, protected accounts, independent audits, beneficiary representation and enforceable remedies, consistent with constitutional ownership and revenue arrangements.
business
OmniBSIC Bank honoured with African Banking Excellence Award at IFAL 2026
OmniBSIC Bank Ghana Limited has been honoured with the African Banking Excellence Award for Growth, Innovation and Customer Value at the 12th International Forum on African-Caribbean Leadership (IFAL 2026), held in New York on the margins of the 81st United Nations General Assembly. Daniel Asiedu receives honorary citizenship of Stonecrest In a further recognition of Ghanaian leadership and contribution to economic development, Mr. Asiedu was also conferred with Honorary Citizenship of the City of Stonecrest, Georgia, on the sidelines of IFAL 2026.
business
South Korea’s GDP growth beats forecasts amid AI boom
Asia's fourth-largest economy grows 3.4 percent year-on-year amid strong semiconductor demand.
business
Ensign Global, University of Utah graduate 20 entrepreneurs under business creation programme
Ensign Global University and the University of Utah have graduated 20 entrepreneurs from the second cohort of the Master of Business Creation (MBC) programme, an initiative designed to help business owners strengthen their enterprises and create employment opportunities. Programme focuses on existing businesses The MBC programme is delivered through a partnership between Ensign Global University and the University of Utah, based in Salt Lake City in the United States.
business
FG launches trade intelligence tools to boost exports, investment
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, who unveiled the initiative in Abuja, said the tools would provide exporters and investors with reliable market information to guide business decisions, navigate trade requirements and translate economic reforms into industrial growth and job creation. Meanwhile, President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Jani Ibrahim, called for increased private-sector investment in value-added exports, competitive manufacturing and priority export value chains.
business
Donald Trump's biggest economic problem looks strangely familiar
Donald Trump heads into the US midterm elections with an issue similar to his political foe Joe Biden.