<< Back             Poser >> Farmer behind bars for damaging colleague’s cocoa farm  The Tarkwa District Magistrate Court One has put Samuel Asamoah, a 25-year-old farmer behind bars for damaging a colleague’s cocoa farm at Huniso.    The convict who pleaded guilty to causing unlawful damage to 68 cocoa trees, is currently serving 18 months in prison in hard labour.   Police Inspector Patrick Essien, prosecuting, told the court that the complainant, Bukari Imoro, and Asamoah were farmers, and both lived in Anokyekrom, a village near Huniso in the Prestea Huni-Valley Municipality.   He said the farms of the complainant and the convict were in different locations, far from each other.   In April 2025, Asamoah visited the complainant’s farm twice, and chopped down sixty-eight mature cocoa trees with fruits.   He said the complainant went to his farm afterwards and found out that his cocoa trees had been chopped down.  He suspected Asamoah was behind the damage because of his previous record.   The complainant reported the issue to leaders in the village, and Asamoah was summoned, but he refused to show up.  Inspector Essien said after Asamoah had been invited, the complainant learned he was going round the community, saying he caused the damage to the cocoa plantation, and even threatened to chop more trees, and he did.   Prosecution said the complainant took the case to the Tarkwa Police on April 6, 2025, and Asamoah was arrested.   He said Asamoah told the police during investigations that he damaged the cocoa trees but could not give any solid explanation as to why he did that.   Source: GNA Ghana Business News	NIMASA commits to shipyard evelopment, capital flight cuts By Godwin Oritse The Nigerian Maritime Administration and Safety Agency, NIMASA, has reiterated its commitment to strengthening Nigeria’s shipbuilding and shipyard development as part of efforts to deepen the blue economy and curb capital flight. Speaking at a stakeholders’ breakfast meeting organised by the Agency themed: “Dissecting the Issues, Challenges, and Prospects in the Shipbuilding Segment […] NDIC strengthens agents to recover N1.5tr from failed bank debtors By Cynthia Alo The Nigeria Deposit Insurance Corporation (NDIC) has strengthened and repositioned its debt recovery agents in a renewed push to recover about N1.5 trillion owed to liquidated Deposit Money Banks (DMBs) and Microfinance Banks (MfBs). The move, the Corporation said, is aimed at accelerating reimbursement to depositors, many of whom are market women, small business […] NNPC’s revenue hits N60.5trn, profit up to N5.7trn Pays N14.7trn to govt By Obas Esiedesa The Nigerian National Petroleum Company Limited (NNPC), on Thursday, disclosed that it generated N60.5 trillion in revenue in 2025. In its monthly report published on its website, the company also announced a profit after tax of N5.76 trillion and remitted N14.706 trillion to statutory government agencies. The report stated that […] Banks to pay N10m fine for using unaccredited cheque printer By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex bank disclosed this in its revised sanctions regime on defaulters of the Nigeria Cheque Standard and Nigeria Cheque Printers’ Accreditation Scheme (NICPAS). Among other things, CBN said: […] Dangote signs $400m equipment deal to fast-track refinery expansion By Bashiru Ayuba Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day, positioning it to […] 54% of Nigerian businesses still unregistered despite uptick —SURVEY By Yinka Kolawole A recent survey has revealed that 54 percent of businesses in Nigeria remained unregistered in 2025 indicating a modest rebound in business formalization after years of decline. The report on the 2025 State of Entrepreneurship Survey conducted by FATE Foundation shows that 46 per cent of Nigerian entrepreneurs operated formally registered businesses in 2025, […]