GE faces shareholder lawsuit over insurance shortfall, SEC probeBUSINESS

GE faces shareholder lawsuit over insurance shortfall, SEC probe

General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and…

Britain to add Nigeria’s naira to list of accepted trade currenciesBUSINESS

Britain to add Nigeria’s naira to list of accepted trade currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of…

U.S. budget deals grants $1.5 billion for opioid-addicted babies, familiesBUSINESS

U.S. budget deals grants $1.5 billion for opioid-addicted babies, families

A U.S. budget deal adopted by Congress on Friday includes what advocates call a landmark compromise to provide an estimated…

CPC to establish a cocoa manufacturing companyBUSINESS

CPC to establish a cocoa manufacturing company

Cocoa Processing Company has begun discussions with the Ministry of Trade and Industry to establish a cocoa manufacturing company to…

Egypt opposition slams President Sisi’s warning to opponentsBUSINESS

Egypt opposition slams President Sisi’s warning to opponents

A political coalition including several high-profile Egyptians sharply criticized President Abdel Fattah al-Sisi on Friday for a speech in which…

Ekumfi factory gets 5 million pineapple suckers from 1D1F projectBUSINESS

Ekumfi factory gets 5 million pineapple suckers from 1D1F project

Government through the Ghana Export Promotion Authority (GEPA) has introduced a number of intervention programmes to sustain the Ekumfi Pineapple…

Jubilee FPSO to be shutdown on ThursdayBUSINESS

Jubilee FPSO to be shutdown on Thursday

The first of three planned shutdowns of the FPSO Kwame Nkrumah on the Jubilee field is expected to begin on…

Ghana likely to hedge oil imports as prices rebound -sourceBUSINESS

Ghana likely to hedge oil imports as prices rebound -source

Ghana will likely hedge its oil imports under a new risk management strategy to keep fiscal consolidation on track as…

Gas flaring law error cost Nigeria billions of dollarsBUSINESS

Gas flaring law error cost Nigeria billions of dollars

Africa’s top oil producer plans to make gas flaring more costly for companies that have escaped the payment of billions…

Gov’t to review operations at ports months after going paperlessBUSINESS

Gov’t to review operations at ports months after going paperless

Ghana Revenue Authority, GRA, has disclosed that it is preparing to take a holistic review of the system automation and…