Nigerians’ outstanding personal loans increased by an estimated N58.5bn in the second quarter of 2026, reaching N1.99tn at the end of June, as households faced persistent inflationary pressures and high borrowing costs. An analysis by The PUNCH of the Central Bank of Nigeria’s Second Quarter 2026 Economic Report showed that personal loans rose by 3.03
The Ghana Union of Traders Association (GUTA) Speaking on Joy News’ PM Express Business Edition on Thursday, he said shipments from the United Arab Emirates were taking about three to four months to reach Ghana.
“Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”. Most of the UK’s dairy producers were already being paid less for their milk than it costs to produce it after a year of volatile farmgate milk prices, combined with the impact of the summer’s drought and soaring costs of vital fuel and fertiliser triggered by the conflict in Iran.
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.
By Ebunoluwa Sessou Africa’s richest industrialist, Aliko Dangote, has said he confronts business challenges as they arise but deliberately leaves work-related problems behind when returning home to maintain a balance between his professional and personal life. He also disclosed that the Dangote Group was expanding its operations beyond Nigeria, announcing plans to establish a $2.5 million caprolactam farm and production line in Namibia.
Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs from its workforce since the end of March, as it pushes ahead with sweeping cost cuts across the business. The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon.
According to information published on the NERSI website, beneficiaries can access their funds through ALAT by Wema Bank, MoMo PSB, NairaGram, OPay and Moniepoint. According to the programme’s guidelines, genuine messages will only come from ALAT, MoMo, NairaGram, OPay or Moniepoint and will only require beneficiaries to reply YES or dial their payment provider’s designated USSD code.