Oil prices fell on Monday after surging to near six-month highs late last week, though ongoing attacks on Saudi Arabia kept supply concerns in focus. Prices had settled nearly $3 higher on Friday after Houthi attacks in Saudi Arabia stoked energy supply concerns.
The affected issuers are Access Bank Plc, Zenith Bank Plc, First HoldCo Plc (FHC), First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA), Guaranty Trust Holding Company Plc (GTCO), Guaranty Trust Bank Limited (GTB), Fidelity Bank PLC, First City Monument Bank Limited (FCMB), Wema Bank PLC and Bank of Industry Limited (BOI). The revision of the Outlooks on the Long-Term IDRs of Access Bank, Zenith Bank, FHC, FBN, UBA, GTCO, GTB, Fidelity Bank, FCMB and Wema Bank reflects Fitch’s view that the sovereign’s credit profile and Nigeria’s operating environment may become less of a…
The Victorian government says Paul Guerra brings significant commercial, governance and stakeholder engagement experience to the role as chair of the Melbourne Market Authority.
Nigeria’s ambition to expand the use of liquefied petroleum gas (LPG) must be matched by a serious commitment to safety. The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), at its recent webinar on operational excellence and compliance, warned that rising consumption alone cannot guarantee a sustainable industry.
Unilever Nigeria Plc has declared an N11.5bn interim dividend after its net profit rose to N26.4bn for the nine-month period ended September 30, 2026.
Northern Ashanti Mines Limited Company has filed an injunction application seeking to stop a government takeover of its Konongo concession, warning that about $110 million in committed expenditure is at risk. The application, filed at the Commercial Division of the High Court in Accra, seeks to restrain the Minerals Commission and the Minister for Lands and Natural Resources from taking possession of the mine or reallocating it to third parties.
Oil prices have jumped, putting downward pressure on global stock markets, including the ASX. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Queensland butchers are battling to survive amid a skills shortage, with one set to stop serving customers due to a lack of available staff, while others have begun recruiting from overseas.
The public has been told repeatedly that John Healey is so concerned about budget leaks that he has set up defence-style “compartmentalisation” to prevent the Treasury’s financial secrets escaping. The macho military analogies began in mid-August when Healey was said by the Telegraph to be “on a war footing” to stop the drip of information that he believed had beleaguered Rachel Reeves.
Facing the "most difficult set of circumstances" within generations, wineries and breweries are going out of business as data reveals why Australians are drinking less.
The economic outlook for 2027 is stark. Right now, some of our largest and most visible institutions are trimming or fighting with employees, in an economy that's powered by the build-out of job-changing technology that is both gargantuan and seemingly brittle at the same time.
A commercial driver in Zaria said he had not yet seen any meaningful benefit despite buying petrol at an NNPC station in Dakatsalle.
A delegation from the International Monetary Fund (IMF) has visited the Tema Oil Refinery (TOR) to familiarise itself with the refinery’s operations, assess ongoing rehabilitation works and gain insight into management’s efforts to restore the facility to sustained operational and financial stability. The delegation was led by the IMF’s Ghana Resident Representative, Dr. Adrian Alter, while the TOR team was led by its Managing Director, Mr. Edmond Kombat, Esq.
The Tema Oil Refinery (TOR) is considering a listing on the Ghana Stock Exchange as management seeks fresh investment while pursuing the restructuring of an inherited debt burden of approximately $517 million. Managing Director Edmond Kombat disclosed this during a visit by an International Monetary Fund (IMF) delegation led by the Fund’s Ghana Resident Representative, Dr Adrian Alter.
Women farmers are among the key beneficiaries of the Governor Uba Sani administration's latest free fertiliser distribution, an intervention aimed at reducing production costs and strengthening smallholder farmers' capacity.
The Secretary General of the Pan African Youth Union, Ahmed Bening Wiisichong, has called for stronger financing, technical support, and policy interventions to help young African innovators turn climate solutions into sustainable businesses that drive economic growth and create jobs. Speaking at the Africa Youth Conference at the Labadi Beach Hotel in Accra, Mr Wiisichong said scaling youth-led innovation required a deliberate shift from isolated initiatives to solutions that could be replicated, financed and sustained across communities and countries.
Bangladesh expected to surpass India's per capita GDP this year, but that's not the complete economic picture.
VW investment creates 4,500 jobs in Georgia comes amid Trump’s damaging tariffs, intense Chinese competition and costly shift towards EVs Audi has said it will spend $4bn (£3bn) to build its first factory in the US, as its parent company Volkswagen struggles with the impact of steep tariffs imposed by Donald Trump. The German brand’s chief executive, Gernot Döllner, joined Trump on stage at a campaign rally on Saturday night to announce the factory in Macon, Georgia, in an unusual move by a big European brand just days before the US midterm elections.
Malam Mohammed, a tomato seller at Costain Bus Stop, said he sourced his produce from Mile 12 Market, where prices varied according to variety, size and place of origin. He said a paint of tomatoes, which sold for N6,000 in August and September, now cost N7,000, while a basket had risen from between N35,000 and N40,000 to between N45,000 and N65,000.
Representing Governor Sakaja Johnson during the prize-giving ceremony, Mr. Ibrahim Auma, County Executive Committee Member (CECM) for Finance and Economic Planning, officially awarded the champions of the flagship 42km Men’s and Women’s Full Marathon categories. In addition, Dr. Anastasia Nyalita, County Executive Committee Member for Business Hustler and Opportunities, presented awards to the top finishers in the 10km Men’s and Women’s races.
According to the minister, patient capital, investor networks and institutional support are needed to help small businesses expand as seven startups share $277,000 in awards.
Blaming a moribund economy on too many rules is a hackneyed neoliberal trope – UK plc needs smarter regulation, not less regulation Before becoming prime minister, Andy Burnham pledged to “end 40 years of neoliberalism”. In the run-up to the chancellor John Healey’s high-stakes Commons address, the government issued a press release last week promising his plans would include measures to “slash the red tape choking firms”.