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‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live
business

‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live

Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record The hacker who swiped over $6bn of digital assets from Binance is in the process of switching stablecoins (which can be frozen) into etherium (which can’t), according to media company Decrypt. Decrypt explains: Stablecoin issuers Tether and Circle moved quickly to blacklist the suspected attacker’s addresses in order to freeze a portion of the funds and make them inaccessible.

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UK side-hustle tax-free allowance to rise to £3,000 next year
business

UK side-hustle tax-free allowance to rise to £3,000 next year

Up to 1.4 million people could benefit from change to trading allowance announced in budget, with some saving hundreds in tax The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling. Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free “trading” allowance will increase from £1,000 to £3,000 in April 2027.

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CIBN honours 755 leaders at fellowship investiture
business

CIBN honours 755 leaders at fellowship investiture

Among those to be honoured are Mr. Sam Egube, Deputy Chief of Staff, Lagos State; Mr. Thompson Oludare Sunday, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation; Dr. Ibrahim Stevens, Governor of the Bank of Sierra Leone; Apostle Chief (Mrs.) Folorunsho Alakija, Vice Chairman, Famfa Oil Limited; and Mrs. Olubunmi Kuku, Managing Director/Chief Executive, Federal Airports Authority of Nigeria. Others include Mr. Emmanuel Ikazoboh, Chairman of Dangote Cement Plc; Mr. Afolabi Olorode, Managing Director/Chief Executive Officer, Quest Merchant Bank; Mr. Tokunbo Talabi,…

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TUC leader expects wave of union recognition in private sector over coming year
business

TUC leader expects wave of union recognition in private sector over coming year

Paul Nowak says ‘hundreds, if not thousands’ of employers could sign access agreements as ‘transformative’ rules come into force The TUC general secretary, Paul Nowak, is predicting a wave of union recognition deals in the private sector over the next year as “transformative” rules on accessing workplaces come into force. From Friday, as part of Labour’s Employment Rights Act, unions will have the right to enter workplaces or communicate with staff electronically.

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GTCO’s total assets grow 3.5 % to N18.37trn
business

GTCO’s total assets grow 3.5 % to N18.37trn

By Peter Egwuatu Guaranty Trust Holding Company, GTCO Plc has recorded 3.5% growth in total assets to N18.37 trillion for the third quarter, Q3, 2026, from N17.76 trillion in December 2025. The company disclosed this in its results released to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE), which showed that the company posted a Profit Before Tax of N879.9 billion, driven by sustained growth across its core earnings lines, with interest income, fees and commission income and trading income growing year-on-year by 5.0%, 1.4% and 3.1% respectively.

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Minerals Commission tells Northern Ashanti Mines to fight lease termination in court, not media
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Minerals Commission tells Northern Ashanti Mines to fight lease termination in court, not media

The Minerals Commission has urged Northern Ashanti Mines Limited to pursue its legal challenge against the termination of its mining leases and prospecting licences in court rather than commenting publicly. Speaking at a press conference on Thursday, October 29, the Minerals Commission’s Chief Executive Officer, Isaac Tandoh, said the company should let the judicial process determine the dispute.

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NESG: Nigeria’s high production costs threaten industrial competitiveness
business

NESG: Nigeria’s high production costs threaten industrial competitiveness

Nigeria’s high production costs threaten industrial competitiveness. By Favour Ulebor The Nigeria Economic Summit Group has warned that high production costs, unreliable electricity and poor logistics infrastructure are undermining Nigeria’s industrial competitiveness, calling for a council within the Presidency to coordinate industrialisation policies.

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2027 Budget to prioritise jobs, productivity and higher incomes – Nyarko Ampem
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2027 Budget to prioritise jobs, productivity and higher incomes – Nyarko Ampem

The government is expected to place job creation, increased productivity and economic growth at the centre of its 2027 Budget as it seeks to turn recent improvements in economic stability into tangible benefits for Ghanaians. Speaking at the maiden launch of Ghana in Numbers 2025 in Accra on Thursday, October 29, Mr Nyarko Ampem said economic stability must now translate into improved livelihoods.

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business

Nigeria’s export earnings rise 23.7% to $35.6bn in H1’26

By Babajide Komolafe Nigeria’s total export earnings rose by 23.7 per cent year-on-year, YoY to $35.64 billion in the first half of 2026 (H1’26), from $28.82 billion in the corresponding period of 2025, driven largely by a surge in petroleum products exports. Analysis of data from the quarterly statistical bulletin, of the Central Bank of Nigeria’s (CBN) for Q2’26, showed that the country’s export earnings increased by $6.82 billion during the six-month period, with petroleum products accounting for about 65 per cent of the growth.

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Namibia President urges Africa to harness natural resources, youth for global influence
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Namibia President urges Africa to harness natural resources, youth for global influence

Namibian President Netumbo Nandi-Ndaitwah says Africa must harness its vast natural resources and youthful population to strengthen its economic power and influence global decisions, rather than allow others to determine the continent’s future. In an interview on Diplomatic Affairs with Harriet Nartey on Joy Prime, President Nandi-Ndaitwah said Africa must recognise its strengths and take greater responsibility for shaping the rules governing its participation in the global economy.

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EPA engages stakeholders in Savannah Region on ban on Styrofoam products
business

EPA engages stakeholders in Savannah Region on ban on Styrofoam products

The Environmental Protection Authority (EPA) has engaged stakeholders in the Savannah Region, on the impending ban on Styrofoam products in the country. Representatives of the Ghana Police Service, Ghana Tourism Authority, Ghana Health Service and the Department of Agriculture were also in attendance.

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Titus Glover urges Ga chiefs to defend traders affected by La Pleasure Beach demolition
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Titus Glover urges Ga chiefs to defend traders affected by La Pleasure Beach demolition

The National Organiser of the New Patriotic Party (NPP), Titus Glover, has urged traditional authorities in the Greater Accra Region to intervene in the demolition of traders’ stalls at La Pleasure Beach, saying their silence on issues affecting their communities is worrying. National Security operatives carried out the demolitions on Friday, October 2, 2026, following a request from Labadi Beach Hotel, owned by the Social Security and National Insurance Trust (SSNIT).

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Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg
business

Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg

There is no end in sight for the drivers of illegal mining, while police action appears ineffective Cora Bailey has been encountering illegal miners ever since she first started treating injured animals in the townships around Roodepoort, west of Johannesburg, in 1991. In late September, dozens of zama zamas – the name given to illegal miners in South Africa, meaning roughly “to take a chance” in Zulu – arrived to dig for gold across the dirt road from her charity, Claw (Community Led Animal Welfare).

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South Africa’s Absa opens first Gulf office in Dubai
business

South Africa’s Absa opens first Gulf office in Dubai

Absa Group, one of South Africa’s largest banks, has opened its first Gulf office in Dubai to tap growing trade and investment flows between the Middle East and Africa. Non-oil trade between the United Arab Emirates and Africa reached $158 billion in 2025, up from about $112 billion ​a year earlier, according to UAE government figures Clinton ​Clarke, senior executive officer of Absa Bank Limited’s DIFC branch, told ‌Reuters ⁠that infrastructure, energy, logistics and agriculture are attracting the strongest interest from Gulf investors, including sovereign wealth funds, asset managers and…

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