Capital market

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Business Planning

Bauchi state appoints Chinese national as economic adviser

Bauchi, Aug. 15, 2025 – Bauchi State has appointed a Chinese national, Li Zhensheng, as Economic Adviser to the state government. Gov. Bala Mohammed announced this in Bauchi on Thursday while signing a Memorandum of Understanding (MoU) with a Chinesse firm. He said the decision is to raise the status of the state to a hub of international cooperation, accelerate investment and facilitate industrial development. Mohammed said the gesture was also to facilitate trade and bilateral cooperation with China. He said the MoU provided the framework for cooperation in specific …

Business Planning Investment

Chowdeck, Nigerian food delivery startup, raises $9m to expand business

Lagos, Aug. 11, 2025 – Chowdeck, a Lagos-based food delivery startup that has stayed profitable in a notoriously tough and low margin market, has raised $9 million in Series A funding to launch a quick commerce strategy and expand into more cities in Nigeria and Ghana. The equity round was led by Novastar Ventures with participation from Y Combinator, AAIC Investment, Rebel Fund, GFR Fund, Kaleo, HoaQ, and others. The investors are betting on the team’s ability to pair local market expertise with execution and turn a notoriously difficult sector …

Capital market

NGX moves N134.577bn shares in tepid transactions last week

Lagos, Aug. 11, 2025 – The Nigerian Exchange (NGX) traded 8.736 billion shares worth N134.577 billion in 180,290 deals last week. This was in contrast to the 4.847 billion shares valued at N149.755 billion traded in 174,267 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart with 7.483 billion shares valued at N70.980 billion traded in 77,227 deals. The industry contributed 85.65% and 52.74% to the total equity turnover volume and value, respectively. The Agriculture Industry followed with 201.906 million shares worth N7.863 …

Capital market

Market Review: NGX trades N149.755bn shares last week

Lagos, Aug. 4, 2025 – The Nigerian Exchange (NGX) traded 4.847 billion shares worth N149.755 billion in 174,267 deals last week. This was in contrast to the 3.691 billion shares valued at N112.261 billion that exchanged hands 138,250 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart with 3.314 billion shares valued at N61.084 billion traded in 70,239 deals. The industry, thus contributed 68.37% and 40.79% to the total equity turnover volume and value, respectively last week. The Consumer Goods Industry followed with …

Business Planning

FEC approves N900bn for upgrade of aviation infrastructure

Abuja, Aug. 1, 2025 – The Federal Executive Council (FEC) has approved contracts worth over N900 billion for extensive infrastructure upgrades at some major airports across Nigeria. Festus Keyamo, Minister of Aviation and Aerospace Development, disclosed this in Abuja on Thursday after the FEC meeting. He said the projects would be funded through the Renewed Hope Infrastructure Development Fund. “Today, it was the turn of aviation to receive the kind attention of the Renewed Hope Infrastructure Fund. “We are very grateful that His Excellency the President has focused on aviation …

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 …

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 …


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