Business Planning

Showing: 11 - 20 of 210 Articles
Business Planning Capital market Investment

Chairman attributes good performance of BUA Cement to prudent management

Abuja, July 21, 2025, Alhaji Abdul Samad Rabiu, the Chairman of BUA Cement Plc, has attributed the good operational results of the company in 2024 financial year to prudent management. Rabiu made the observation in Abuja on Monday while briefing the press after the annual general meeting of the company. He said the company’s performance in 2024 was driven by effective pricing strategies and the company’s ability to absorb rising cost of inputs, amongst others. The company’s gross revenue rose to N877 billion in 2024, from the N460 billion in …

Business Planning Investment

Tinubu approves establishment of South-East Investment Company

Abuja, July 18, 2025 – President Bola Ahmed Tinubu has granted executive approval for the establishment of the South-East Investment Company (SEIC) with a capital base of N150 billion. The Presidency announced this in a statement on Friday through the official handle of the Presidency of the Federal Republic of Nigeria. It said the approval of the company followed the submission of the SEDC’s 100-day performance report and a formal request to establish a company focused on regional competitiveness and inclusive economic growth. The company will operate as a subsidiary …

Business Planning Oil and Gas

Goldman Sachs profits jump, CEO eyes more merger activity

Washington, July 17, 2025 – Goldman Sachs reported a jump in second-quarter profits Wednesday behind significant increases in financial advisory revenues that chief executive David Solomon said could presage an uptick in dealmaking. “Anecdotally, the level of dialogue is significantly increased,” Solomon told analysts on a conference call after the investment bank’s earnings surpassed analyst estimates. There is a greater “confidence level on the part of CEOs, that significant scaled industry consolidation is possible,” said Solomon, who attributed the shift to the Trump administration’s more favorable posture towards mergers compared …

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 …