Business Solutions

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Business Solutions Capital market

Market panic mounts as world scrambles to temper Trump tariffs

Washington, April 7, 2025 – Oil prices dropped below US$60 a barrel for the first time since April 2021, even with countries seeking compromise on tariffs Wall Street was braced on Sunday for significant losses at the start of the week over US President Donald Trump’s punishing tariffs on exports to the United States, as oil prices plummeted even with countries seeking compromise. The Republican has remained defiant since unleashing the blitz of tariffs on stunned nations around the world Wednesday, insisting that his policies “will never change” even as …

Business Solutions Investment Manufacturing/Industry

Another blow for Elon Musk after his $44 billion prized possession crashed

Washington, March 29, 2025 – Elon Musk’s X, formally known as Twitter, was hit by another major outage that plagued users nationwide Friday.  The platform, which Musk purchased for $44 billion, went down around 2:30pm ET as users noticed the app and website were not working.  Downdetector, a site that monitors online outages, revealed the outage was largely hitting the eastern half of the US. By 3pm, over 50,000 X users had reported a problem to the outage-monitoring website. Although the problems appeared to start in the east, the biggest trouble zones …

Business Solutions Foreign Politics

Time running short for Canada, Mexico, China to avert Trump’s tariffs

Washington, March 3, 2025 – Time is running short for Canada, Mexico and China to avert sweeping tariffs announced by US President Donald Trump, with the planned levies to take effect past midnight over what he deems an “unacceptable” flow of drugs. Trump unveiled — then paused — blanket tariffs on imports from his country’s major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking. Over the weekend, US Commerce Secretary Howard Lutnick told Fox News that even as Mexico and …

Business Solutions Foreign Investment

Ukraine ready to sign US minerals deal after clash with Trump – Zelensky

Washington, March 3, 2025 – Ukrainian leader said there had been contact between Kyiv and Washington since Friday’s Oval Office bust-up, although not at his level Ukraine was ready to sign a minerals deal with the United States, Ukrainian President Volodymyr Zelensky told UK media on Sunday. “The agreement that’s on the table will be signed if the parties are ready,” he told a late-night huddle with some UK media after a landmark summit in London. But in their Oval Office meeting, Trump berated Zelensky, telling him to be more …

Business Solutions Money market

Nigeria secures $7.6bn investment commitments through AIF

Rabat (Morocco), Jan. 13, 2025 – Nigeria has secured $7.6 billion in investment commitments through the Africa Investment Forum (AIF) 2024 The forum was held in Rabat, Morocco, from Dec. 4 to Dec. 6, 2024. Dr Akinwumi Adesina, the President of the African Development Bank, announced this in a post on his X (formerly Twitter) account.  “I am delighted the Africa Investment Forum 2024 mobilised $7.6bn of investment interest for Nigeria. It was great to have several state governors: Lagos, Kaduna, Kastina, Kwara and Plateau, and (later) Ogun. We will …

Business Solutions Oil and Gas

New US sanctions will destabilise international markets – Russia

Moscow, Jan. 13, 2025 – Russia has criticized newly-imposed US sanctions as an attempt to undermine the positions of Russian companies with competition-distorting regulations. “At the same time, such decisions must of course also lead to a certain destabilization of the international energy and oil markets,” Kremlin spokesman Dmitry Peskov said on Monday. Moscow would do everything to minimize the damage to its own economy, he said. Peskov is convinced that Moscow can also withstand the latest round of sanctions. He claimed it is often impossible to undo long-established energy …

Business Solutions Manufacturing/Industry

30 Nigerian startups to receive training on new digital skills

Lagos, Nov.  22, 2024 – The evolution of the Nigerian digital economy is to receive a boost with the training of 30 Nigerian startups on new digital skills. They are to be trained on new digital skills, mentorship, and resources needed to build scalable, sustainable tech ventures The training is being organised by Beyond Limits, an international organisation driving digital innovation, leadership transformation, and business growth. The training will be done in partnership with the U.S. Consulate General in Lagos, Nigeria, in the Beyond Limits Fellowship for Founders Cohort 3.0. …

Business Solutions Money market

Angel investors commit $350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

Algiers, Oct. 26, 2024 – The African Export – Import Bank’s (Afreximbank) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion. Moji Hunponu-Wusu, the Founder of Woodhall Capital, made the leading commitment of …

Business Solutions Foreign Travel

Boeing’s endless doom loop gives no respite to CEO Ortberg

Seatle, Oct. 14, 2024 – As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse. From a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to revelations of sloppy workmanship and now a crippling strike entering its second month, the icon of US manufacturing been beset by trouble since the first days of January. Cash is dwindling, plane production is anemic and the stock is heading for …

Business Solutions Manufacturing/Industry

Dealers frustrated BUA from selling cement at 3,500 per bag – chairman

Abuja, Aug. 30, 2024 – Alhaji AbdulSamad  Rabiu, the Chairman of BUA Group, says cement dealers frustrated efforts of the company to sell cement at N3, 500, per bag. Rabiu said this at the 8th Annual General Meeting of the company on Thursday. He said the while the company was willing to sell at N3,500 per bag, dealers were not willing to pass the price reduction to end users, but were selling a bag at between N7000 and N8,000. The company chairman said his company has already sold over a …