business news

Fitch Solutions maintains nearly 6% growth rate for Ghana in 2026, but expects economy to lose momentum in 2027
business

Fitch Solutions maintains nearly 6% growth rate for Ghana in 2026, but expects economy to lose momentum in 2027

Fitch Solutions has maintained its Gross Domestic Product (GDP) forecast of nearly 6.0% for Ghana in 2026. According to the UK-based firm, the Ghanaian economy has remained largely insulated from global developments over the past year, supported by elevated gold prices, low domestic inflation, and the transmission of the Bank of Ghana’s (BoG) 1,400 basis points easing cycle.

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All nine people aboard business jet that crashed in Florida have died
business

All nine people aboard business jet that crashed in Florida have died

Aircraft had departed Austin-Bergstrom international airport and was headed to the Bahamas when it crashed All nine people have died who were aboard a business jet that crashed in a Florida neighborhood on Sunday, Sean Duffy, the US transportation secretary, said. Duffy posted on X on Sunday that the Learjet 60 crashed in Palm Beach county at 12.50pm and called it a “horrific tragedy”.

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Oye laments rising hardship, poverty despite higher revenue for FG, States
business

Oye laments rising hardship, poverty despite higher revenue for FG, States

…Calls for Measurable Results for Govt Spending, Says Revenue Gains Must Translate into Better Lives for Nigerians The Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, has called on the Federal and state governments to ensure that increased public revenues translate into better living conditions for Nigerians, noting that Nigeria’s fiscal positions have improved but yet to produce a level of citizen satisfaction that reflects the gains. The Alliance for Ethics chairman proposed that every state, the Federal Capital Territory and local government publish a 90-day…

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Investors pull billions in funds from Binance after record $6.3bn hack
business

Investors pull billions in funds from Binance after record $6.3bn hack

Cryptocurrency exchange has begun to allow withdrawals after theft believed to have come from North Korea Investors have pulled $3.6bn (£2.7bn) in funds from the cryptocurrency exchange Binance as it recovers from a record hack in which billions were stolen from customer accounts. Experts identified North Korea as the probable culprit.

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Ufuoma Okonoko unveils digital strategy to unlock billions for Nigeria’s creative sector
business

Ufuoma Okonoko unveils digital strategy to unlock billions for Nigeria’s creative sector

By Ayo Onikoyi Barrister Ufuoma Okonoko, a digital monetisation expert and Chief Operating Officer of Atlantic World Digital Communications, has unveiled a digital strategy aimed at unlocking billions of dollars in international revenue for Nigeria’s creative sector through strategic distribution, marketing and commercialisation of locally produced content and products. The Chairman and Chief Executive Officer of Atlantic World Digital Communications, Nigerian-American filmmaker Tony Abulu, expressed confidence in Okonoko’s work and the commercial prospects of the initiative.

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business

Financial Impact Of Funds Stolen Will Be Fully Covered, Says Binance

“Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident,” the company said on X. Binance, the world’s largest crypto exchange by daily trading volumes, said the remaining 10 per cent of tokens are “less liquid, which means they may take longer to source in the required amounts.” President Donald Trump said Friday the United States was looking into the hack, and the FBI said it was “engaged with relevant public and private partners to understand the scope of the activity” and was ready to investigate.

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Binance says has covered 90% of $6.3 billion hack losses
business

Binance says has covered 90% of $6.3 billion hack losses

Cryptocurrency platform Binance said Saturday it has used company money to buy tokens to replenish 90 percent of $6.3 billion stolen in a huge hacking attack. President Donald Trump said Friday the United States was looking into the hack, and the FBI said it was “engaged with relevant public and private partners to understand the scope of the activity” and was ready to investigate.

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Kamukunji MP demands end to harassment of Eastleigh, Gikomba traders
business

Kamukunji MP demands end to harassment of Eastleigh, Gikomba traders

NAIROBI, Kenya, Nov 1— Kamukunji MP Yusuf Hassan has called on Nairobi City County to halt alleged harassment, arbitrary arrests and destruction of traders’ property in Eastleigh and Gikomba, warning that enforcement operations are threatening the livelihoods of small-scale business owners. The legislator argued that Eastleigh and Gikomba play a significant role in Nairobi’s economy and contribute to the county’s revenue through the businesses operating in the areas.

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Evans Oppong wins big at Ashanti Business Merit Awards
business

Evans Oppong wins big at Ashanti Business Merit Awards

Kumasi-based business mogul Evans Oppong has been adjudged the Most Outstanding Personality in Consumer Goods Distribution at the Ashanti Business Merit Awards (ABMA). The Ashanti Business Merit Awards recognises the contributions of large- and small-scale businesses and their owners within the Ashanti Region, particularly those that provide exceptional services to consumers, contribute to the local economy and uphold industry standards.

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North Korea Behind $6bn Crypto Theft From Binance, Says FBI
business

North Korea Behind $6bn Crypto Theft From Binance, Says FBI

Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for. “The Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026,” the statement said.

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Air Peace, United Nigeria partnership reflects benefits of business cooperation – Okonkwo
business

Air Peace, United Nigeria partnership reflects benefits of business cooperation – Okonkwo

By Dickson Omobola Executive Chairman of United Nigeria Airlines, Professor Obiora Okonkwo, has said the Igbo entrepreneurial model must be reformed, not discarded, to remain competitive in today’s global economy. Okonkwo, who was the facilitator at the 2026 Annual General Meeting of De Imperial Philanthropic Family in Lagos, delivered a talk titled: ‘Recalibrating the Igbo Entrepreneurial Model for the Emerging Global Economy’.

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New public spending category PDEL is a welcome and could have big impact
business

New public spending category PDEL is a welcome and could have big impact

The Preventative Departmental Expenditure Limit will be money ringfenced in the budget for preventive policies John Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spend universe – little PDEL. It may not have the charm of Disney’s Wall-E, but PDEL (pronounced P-Del), Preventative Departmental Expenditure Limit, to give it its full name, marks a welcome, and potentially very consequential, addition.

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