Business Planning

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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 Planning Oil and Gas

Kyari, former NNPCL boss refutes reports of arrest, detention by EFCC

Abuja, May 4, 2025 – Mele Kyari, the immediate former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), has refuted media reports of his arrest and detention by the Economic and Financial Crimes Commission (EFCC). He refuted the reports via a post on his X handle on Saturday night. Kyari said the reports were calculated attempts to discredit him, adding that he was willing to answer to any lawful inquiry on his tenure in the NNPCL. He said he was currently taking a well-deserved rest after the …

Business Planning Trade

China to derail Trump’s tariffs

Beijing, April 27, 2025 – Chinese President Xi Jinping has announced a new plan to counter the tariffs imposed by the Trump administration.  A meeting was held this Friday by the Politburo to address the country’s economic situation, which has been suffering since the COVID-19 pandemic triggered a real estate crisis and an unusually high youth unemployment rate. According to the state-run outlet Xinhua, the country’s economy has shown a “positive trend” despite the impact of the new American tariffs. “We must strengthen bottom-line thinking, fully prepare emergency plans and do …

Business Planning Money market Trade

$6.84bn balance of payment surplus, an indication of economic stability – TDF

Abuja, April 22, 2025 – The Democratic Front ( TDF) says the $6.84 billion Balance of Payment (BOP) surplus recorded by Nigeria in 2024 is yet another indication of economic prosperity on the watch of President Bola Tinubu’s administration. The group made the observation in a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, It said the development would boost investors’ confidence in the country  The statement reads: “In addition to increasing the country’s foreign exchange reserve, improving the nation’s creditworthiness, and enhancing monetary policy flexibility …

Business Planning Politics Trade

China opens to talks if US shows respect, names point person

Beijing, April 16, 2025 – China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan, said the person, who asked not to be identified to discuss internal thinking. Beijing also wants the US to appoint a …

Business Planning Commodities

US tariffs may change to silver lining for African economies – Alake

Lagos, April 14, 2025 – The current wave of tariffs from the United States may change into silver lining for African economies. Dele Alake, the Minister of Solid Minerals Development, made the observation while speaking at the Fireside Chat on Foreign Direct Investment during the 14th Annual Investment Meeting (AIM) Congress in Abu Dhabi.   He urged African nations to seize the opportunity being offered by the deluge of tariffs from the US for stronger intra-African trade. Alake said African countries must change their long-standing practice of exporting Africa’s rare …

Business Planning Money market

Mauritius economy is resilient with 4.7% GDP growth rate – IMF

Washington, DC, April 11, 2025 – The International Monetary Fund (IMF) has described the Mauritian economy as resilient with GDP growth at 4.7 percent in 2024 and contained inflation. It said the growth outlook remains favourable, though risks are to the downside. The IMF gave the report after completion of IMF Staff 2025 Article IV Mission to Mauritius which was led by Mariana Colacelli from March 31 to April 11, 2025.   At the conclusion of the visit, Ms. Colacelli issued the following statement: “Real GDP grew by a robust …

Business Planning Foreign

Trump’s tariff confusion could leave aircraft deliveries in limbo

Montreal/Chicago, April 11, 2025 – Cars, consumer goods, and industrial equipment have been delayed at ports, stuck on rail cars, and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their engines are usually ordered by U.S. buyers years in advance, and tariff confusion risks delaying shipments of both, even if the industry has not been directly targeted for duties, sources told Reuters. The frequent changes and added costs are stressing a supply chain that has wrestled with shortages …

Business Planning

Africa’s opportunity in a fragmenting global economy

By: JP Fabri Lagos, April 10, 2025 – The global trade landscape is shifting dramatically. With the U.S. imposing new tariffs on key imports with countries already planning retaliation, the world is edging deeper into a long-term trade war. This is not just a bilateral dispute. It signals the acceleration of a broader move away from open globalisation toward protectionism and economic nationalism. For Africa, this rupture in the global order presents both risks and rare opportunities.  Historically positioned on the periphery of global value chains and heavily reliant on …