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Defense tech is flooded with money, but who’s built to last?

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Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract and real production deal.  

Watch as, on this episode of TechCrunch’s Equity podcast, Rebecca Bellan asks Fubini — the founder and managing partner of XYZ Venture Capital, built on the Palantir alumni network and now approaching $2B AUM — what separates the survivors from the rest. 

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. 

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Glasgow 2026 Fall-out: Our Contingent Competed With Courage, Honour, Determination – Bukola Olopade

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As reactions continue trailing Nigeria’s seventh-place finish at the 2026 Commonwealth Games in Glasgow, Scotland, Director-General of the National Sports Commission (NSC), Honourable Bukola Olopade, has opined that the contingent ‘competed with courage, honour and determination.’

READ ALSO: Olopade Bids Team Nigeria Farewell After Historic Glasgow 2026 Campaign, Salutes Athletes’ Courage, Excellence and Patriotism

Sports247 reports that, while many critics expressed disappointment that the country could not get victory in blue ribbon events like men’s 100m, women’s 100m hurdles and both 4x100m relays, Olopade insisted it was a successful outing, as Nigeria placed first among all African countries present.

Olopade went on to shower accolades on the entire contingent, praising them all for what he referred to as their impressive performances in Glasgow, with a verdict that they brought another level of national pride to Nigeria with their haul of 10 gold, seven silver and seven bronze medals

He took to social media to formally commend the athletes, coaches and officials for their efforts and commitment, while also asserting that the medals represent more than sporting success.

He reasoned further that, beyond the glory in sports that the 24 medals represent, they also serve as another memorable milestone in the transformation of Nigerian sports under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Olopade posted on X, “I am immensely proud of every athlete, coach and official who represented Nigeria. You competed with courage, honour and determination; proving once again that the Nigerian spirit can never be broken. Beyond the medals, you inspired millions of Nigerians.

“(You have) restored confidence in our sporting future and showed the world that Nigerian sports are on a steady path of renewal and excellence. Our 24 medals are not just a reflection of talent, but also of discipline, resilience and commitment to fly our nation’s flag with pride.”

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HBM Nigeria, United Capital, Wema Bank top stock pick this week

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Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.

This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.

This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

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This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

HBM Nigeria

HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.

United Capital

United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.

Wema Bank

Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.

Seplat Energy

Seplat makes the cut for its sound fundamentals. The NPR of the oil & gas corporation is 6.3, while the PE ratio is 26.6x. The RSI is 100.

UACN

UACN makes the cut for its sound fundamentals. The NPR of the company is 2.3, while the PE ratio is 25.4x. The RSI is 29.

NEM Insurance

NEM Insurance features on the pick for its strong fundamentals. The insurer’s NPR is 9.6, while the PE ratio is 11.8x. The RSI is 70.4.


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