Capital market

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Capital market

US stock futures fall as Trump targets Aug.1 for country-by-country tariffs

Washington, July 7, 2025 – US stock futures fell Sunday as President Trump and top administration officials suggested country-specific tariffs would take effect on Aug. 1, offering more potential confusion to trading partners but also potential breathing room for negotiations. Futures attached to the Dow Jones Industrial Average slipped 0.3% while futures on the benchmark S&P 500 and tech-heavy Nasdaq 100 dropped 0.5%. Trump had targeted July 9 as a self-imposed deadline, when his “pause” on steep April tariffs would go back into effect. Global markets have been bracing for …

Business Planning Money market

How Donald Trump has profited worldwide from his presidency

By: Shubhangi Derhgawen Washington, July 6, 2025 – With Donald Trump’s return to the White House, the Trump family’s fortune is surging as many question the line between presidential power and private profit. In just six months back in office, Donald Trump’s company the Trump Organization has rolled out 12 new international business projects — surpassing the total from Trump’s entire first term. And with each new deal, the same question grows louder: Where does President Trump’s public duty end, and where does his private empire begin? Qatar: From ‘funders of terrorism’ to …

Business Planning

Trump suggests DOGE look at subsidies for Musk’s companies to save money

Washington, July 1, 2025 – U.S. President Donald Trump suggested on Tuesday that the government efficiency department should take a look at the subsidies that Tesla CEO Elon Musk’s companies have received in order to save money. Trump’s comments come after Musk, the world’s richest man, renewed his criticism on Monday of Trump’s sweeping tax-cut and spending bill, vowing to unseat lawmakers who backed it after campaigning on limiting government spending. “Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have …

Business Solutions Money market Trade

Astonishing figures show just how much money America is making from Trump’s new tariffs

Washington, June 24, 2025 – The US raked in an astonishing $37.8 billion from import duties in April and May as Trump’s tariffs Donald Trump’s tariff began to kick in.   The staggering figures show the real cost for businesses, but the real benefits to the Treasury’s coffers. The government raked in $15.6 billion in April, before leaping 42 percent to $22.2 billion in May, according to Treasury data.  The duties collected in May accounted for 6 percent of the government’s total income for the month.  Although the figures are …

Business Solutions Travel

FG secures landing slot for Air Peace at Heathrow Airport in London

Abuja, June 23, 2025 – The Federal Government has secured a landing slot for Air Peace Airline at Heathrow Airport in London effective from October 26. Festus Keyamo, the Minister of Aviation and Aerospace Development, disclosed this in a statement at the weekend. The statement, signed by Tunde Moshood, the minister’s Special Adviser on Media and Communications, said the achievement followed sustained diplomatic efforts by the Federal Government to enforce reciprocity in international air travel agreements. He said the achievement was after months of negotiations and firm diplomatic engagement with …

Capital market

NGX in upbeat mode, trades N115bn worth of shares last week

Lagos, June 23, 2025 – The Nigerian Exchange ((NGX) traded 3.566 billion shares worth N115,403 billion in 99,960 deals last week. This was in contrast to the 2.057 billion shares valued at N51.015 billion exchanged in 65,016 deals in the preceding week. The Financial Services Industry, measured by volume,  led the activity chart with 2.166 billion shares valued at N62.046 billion traded in 45,851 deals. The sector contributing 60.73% and 53.76% to the total equity turnover volume and value, respectively. The Consumer Goods Industry followed with 580.893 million shares worth …

Business Solutions Money market

Japan’s exports post first drop in 8 months as US tariffs hit auto firms

Tokyo, June 18, 2025 – Japan’s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of Tokyo to clinch a trade deal this week will likely pile pressure on a fragile economy. Prime Minister Shigeru Ishiba said after the Group of Seven summit in Canada on Tuesday his country had not reached a comprehensive tariff agreement with Washington as some disagreements persisted between the two nations. Tokyo is scrambling to find ways to get Washington …

Capital market Money market

DMO offers N50bn Green Bond for public subscription  

Abuja, June 17, 2025 – The Debt Management Office (DMO) is offering ₦50 billion green bond for public subscription at the rate of ₦1,000 per unit. The DMO announced the offer in a statement on Tuesday. The DMO said the five-year bond would mature in 2030 and has interest rates ranging between 18.75% and 19.25% per annum. It said the offer had opened on June 16 and would close on June 18, while the settlement date is June 23. Minimum subscription for the bond is ₦10 billion and thereafter in …

Capital market Money market

Asian markets rise as traders eye possible Trump-Xi talks

Beijing, June 3, 2025 – Asian stocks rallied Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries’ leaders will hold talks soon. After a period of relative calm on the tariff front, Donald Trump at the weekend accused Beijing of violating last month’s deal to slash huge tit-for-tat levies and threatened to double tolls on steel and aluminium. The moves jolted Asian markets on Monday, but hopes that the US president will speak with Chinese counterpart Xi Jinping — possibly this week — …

Capital market

Asian stocks steady, euro rallies after Trump delays EU tariffs

Singapore, May 26, 2025 – Stock markets across Asia were steady on Monday, and the euro rallied after President Donald Trump abruptly extended by more than a month his threat to slap 50% tariffs on EU goods, marking another temporary reprieve in his erratic trade policy. Trump agreed to extend his deadline for trade talks until July 9, from the June 1 deadline he set on Friday, after European Commission President Ursula von der Leyen said the bloc needed more time to “reach a good deal.” Market sentiment had been steadying after a …