business
Australian banks lift interest rates
Australia's banks reveal they will raise their interest rates in response to the RBA's decision to lift the cash rate for the fifth time in 2026.
business news
business
Britain’s housing market unlikely to recover until 2028, says Savills
House prices forecast to fall by 1.5% next year as Middle East war keeps mortgage rates higher for longer Britain’s sluggish housing market is not expected to recover until 2028 as higher mortgage rates linked to the war in the Middle East deter buyers and weigh on prices. The property firm Savills said average house prices were expected to drift lower during the rest of 2026 and fall by 1.5% in 2027, as the prolonged conflict undermines buyers’ confidence and keeps mortgage rates higher for longer.
business
ASIC fines Mona owner David Walsh's company for late financial report
The parent company of Tasmania's Mona museum has been slugged with a hefty fine after failing to lodge a financial report on time.
business
David Jones on brink of collapse and behind on rent to Westfield
One of David Jones's biggest landlords says the department store is in breach of its rental agreements and has not paid since September.
business
Wicknell Chivayo empire: Kenyan business links under scrutiny as family begins wealth audit
Mr Chivayo’s family has registered his estate with Zimbabwe’s Master of the High Court.
business
Sanwo-Olu: One week and the different faces of a single development challenge
There was a common thread running through several of Governor Babajide Sanwo-Olu’s engagements in the last week of October: the future of Lagos and the resources required to build it. At Lagos House, Marina, Sanwo-Olu met Christophe Lecourtier, Chief Executive Officer of the French Development Agency, to discuss continuing cooperation on transportation development.
business
Ramping up solar option to close energy gap
Nigeria’s electricity crisis indicts decades of failed planning. The World Bank’s access series put electricity access at 62.5 per cent in 2024; the Nigerian Investment Promotion Commission (NIPC) says more than 85 million people remain without grid power.
business
Breaking: Uber to pay $81m in payroll tax after High Court ruling
The High Court of Australia has determined rideshare company Uber owes payroll tax in NSW, in a decision likely to spark reaction from the broader gig economy.
business
business
Ministry presents Zamfara budget performance report
The Zamfara State Ministry of Finance has presented the 2025 Budget Performance Report, highlighting how funds were utilised in the year under review. Represented by the State Accountant General, Ali Akilu Muhammad Bungudu, the commissioner said that the 2025 Zamfara State Budget, tagged “Rescue Budget 2.0,” was approved at a total of N546,014,575,000.
business
Rising feed costs threaten poultry, livestock farming in 3 states
Farmers in Niger, Kogi and Nasarawa states have warned that rising feed costs, expensive day-old chicks and poor market prices threaten livestock production and livelihoods. Mrs Oluwaseyi Fadaka, another Lokoja-based farmer, said a bag of feed now cost about N22,000, with her 40 Noiler birds consuming one regularly.
business
US tech stocks recover after selloff spooks investors over AI spending
Midterms didn’t appear to have huge impact, though predicted wins for Democrats could mean more regulation US tech stocks made a recovery Tuesday afternoon after a selloff spooked investors over AI spending. The impact of Tuesday’s midterm elections didn’t appear to have a huge impact on Wall Street, though investors are predicting Democrats get at least a majority in the House and potentially gain seats in the Senate, which could lead to more AI regulation.
business
FG policies raise Nigeria’s exports by 25% – Dantsoho
Dr Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA), says Federal Government policies and reforms have increased Nigeria’s exports by 25 per cent in the last two years. Dantsoho also attributed Nigeria’s improved global port ranking to the reforms, noting that two Nigerian ports featured among the top 20 in the latest World Bank global ports ranking.
business
Oil rises after report of US strike on Iran’s Qeshm Island
Oil prices rose in early Asian trade on Tuesday after a report that the United States had struck Iran’s Qeshm Island, raising concerns about an escalation of the eight-month conflict and prolonged disruptions to Middle East oil supplies. The United States struck Iran’s Qeshm Island, the Wall Street Journal reported, citing US officials.
business
OgunLNG, Deep Sea Port triggering fresh investor rush, says Abiodun
The governor said the two strategic investments, alongside the proposed Ogun Blue Marine and Special Economic Zone and the Lagos-Calabar Coastal Highway were opening up unprecedented economic opportunities
business
NBS: Enugu records lowest tax Revenue-to-IGR ratio
…Abia, FCT, Bayelsa top tax-heavy IGR states Enugu State recorded the lowest tax revenue-to-Internally Generated Revenue (IGR) ratio in 2025, StatiSense has said, quoting figures from the National Bureau of Statistics (NBS). But joining Governor Peter Mbah’s Enugu on the list of states with the least tax dependence for IGR are Kwara (38.42 per cent), Katsina (39.93 per cent), Osun (41.53 per cent) and Ogun (44.10 per cent).
business
Live: US midterms in sharp focus, oil price eases
Futures are pointing to a modestly lower open for the Australian share market as the US midterms come into sharp focus. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
business
The Church as a builder: Loveworld Kingdom brought a different economic proposition to Accra
Loveworld Kingdom came to Accra, Ghana with an economic proposition: the Church should not only raise businesspeople. Highly Esteemed Pastor Biodun Lawal, Executive Minister of the Ministry of Discipleship, Loveworld Kingdom, Zonal Pastor of the Accra Ghana Zone and Chief Host of LTIF, linked the wider economic mandate to the need to finance businesses capable of growth.
business
Multiple bankruptcies surround businessman at centre of T2D dispute
The businessman claiming ownership of a labour hire firm that won a now-cancelled contract on the $15.4 billion Torrens to Darlington project has been bankrupt four times, including when the company won the public tender.
business
Over 50% of startups in Tamil Nadu are led by women, says StartupTN Chairman
We are still in a mindset that certain roles are meant for a particular gender. This has to change, the Chairman says
business
Owners of banned NDIS company allegedly funded Ferrari and football club
Liquidators allege the Perth-based directors of Adachi Disability Services used borrowed company funds to buy a Ferrari and invest in a Zimbabwe football team.
business
‘Uncle Sam, Osoba built Daily Times, I’m just a custodian’ — Anosike
By Efe Onodjae The Chairman of Folio Media Group, owners of Daily Times of Nigeria, Fidelis Anosike, has described himself as a custodian of the newspaper, crediting its founding fathers and former leaders for building the institution into a major force in Nigeria’s history. Anosike spoke at the Daily Times Heroes Award in Lagos, where he said the newspaper’s legacy was built through the sacrifices and contributions of distinguished individuals, including Uncle Sam, Aremo Olusegun Osoba and Yemi Ogunbiyi.
business
Tema hosts GCB Bank’s MSME Caravan Clinic as bank deepens support for entrepreneurs
GCB Bank has taken its nationwide Micro, Small and Medium-sized Enterprises (MSME) Caravan Clinic to Tema, bringing entrepreneurs closer to financing opportunities, business advisory support and digital solutions as part of efforts to strengthen the growth and sustainability of Ghanaian businesses. Speaking on the sidelines of the event, Gabriel Siaw, Head of SME Banking at GCB Bank, described the Caravan Clinic as a nationwide initiative through which the bank was taking its services and business support directly to customers across the country.
business
UK’s King Charles expresses ‘sorrow’ in Antigua over slave trade
Caribbean nations call for reparations as King Charles stops short of issuing an apology for colonial-era slavery.
business
The Guardian view on Labour’s growth obsession: a different economics is possible
The latest edition of Radical Thinking, the Guardian’s new podcast, should be required listening at a Treasury still stifled by outdated orthodoxies As prime ministers have come and gone at bewildering speed in recent years, the search for elusive economic growth has become the overriding fixation of the British political class. Echoing Mr Starmer’s approach, Mr Burnham’s chancellor, John Healey, told the Labour party conference in September: “Without growth, there is no social democracy.”