December 2025 – Page 153

Business

NCF partners launch initiative to combat deforestation

02.12.2025

The Nigerian Conservation Foundation, Natural Eco Capital, and Business for Nature have launched a new partnership to combat Nigeria’s alarming deforestation rates and promote nature-positive development. Speaking at the Business Advisory Group Inauguration Workshop in Abuja, Deputy Director, Forestry, Federal Ministry of Environment, Chris Aiwuyo, said, “Nigeria’s commitment to achieving a nature-positive future is deeply...

Nigeria’s GDP Grows 3.98% in Q3 2025, NBS Reports

02.12.2025

Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024, according to the latest Gross Domestic Product report released by the National Bureau of Statistics on Monday. The report read, “Gross Domestic Product grew by 3.98...

Nigeria’s Public Debt Reaches N152.39 Trillion in Q2 2025

02.12.2025

Nigeria’s public debt stock increased from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter of 2025. The National Bureau of Statistics disclosed this in its Nigerian Domestic and Foreign Debt Report for Q2 2025, released in Abuja on Monday. According to the...

Greenwich Merchant Bank Bags Best FMDQ-Compliant Award

02.12.2025

Greenwich Merchant Bank has emerged as the winner of the 2025 Best FMDQ-Compliant Member Award. In a statement on Sunday, the firm said that the recognition reinforced its reputation for strong governance, disciplined operations, and consistent regulatory alignment. The Award, presented by FMDQ Group PLC at the 2025 FMDQ Gold Awards, recognises the dealing member...

Kano & Dangote boost industrial projects at trade fair

02.12.2025

The Dangote Group and the Government of Kano State are strengthening relationships to foster business activities and social programmes in the state. This comes as participants stream into the company’s pavilion at the 46th edition of the Kano International Trade Fair, eager to explore the array of innovative products on display. Kano State Commissioner for...

AIICO unveils all-in-one insurance for farmers

02.12.2025

AIICO Insurance Plc has introduced a new bundled insurance solution designed to address the longstanding financial vulnerabilities faced by Nigeria’s smallholder farmers, rural families, and underserved populations. According to the insurance firm, the new product, AIICO All-in-One Financial Protection, was launched in Lagos, following an extensive countrywide engagement tour across Ibadan, Kano, and Calabar. For...

Insurers pursue N75bn for recapitalization in Nigeria

02.12.2025

Five insurance companies have indicated that they would be raising about N75bn additional capital from the market as part of efforts to meet the new minimum capital requirement, The PUNCH can report. According to their corporate filings on the Nigerian Exchange Limited, most have received board-level approval and are now seeking the approval of shareholders...

FairMoney gets credit rating upgrade from GCR

02.12.2025

Global Credit Ratings has upgraded the national scale issuer ratings of FairMoney Microfinance Bank. FairMoney’s long-term rating was raised from BBB(NG) to BBB+(NG), while its short-term rating has been upgraded from A3(NG) to A2(NG). The outlook remains stable. Fairmoney MFB, announcing the upgrade, said that the new ratings reflected improvements in the Nigerian microfinance sector...

Sahara Group launches tree regeneration in Edo forest reserv

02.12.2025

Sahara Group has expanded its environmental sustainability agenda through a strategic partnership between its flagship Adopt-A-Forest Initiative and the Gelegele Forest Reserve in Edo State, Nigeria. The collaboration, which kicks off with the planting of 20,000 tree seedlings, is aimed at regenerating degraded areas of the reserve and reinforcing Sahara’s long-term commitment to nature-based climate...

Nigeria Also Needs Protection From Anti-Democratic Forces, PDP Tells Tinubu

02.12.2025

The Peoples Democratic Party (PDP) has called on President Bola Tinubu to defend Nigeria’s democracy by ensuring that democratic space is free, open, and competitive. PDP, which is reacting to the asylum granted to the opposition presidential candidate in Guinea-Bissau, Mr Fernando Dia Da Costa, challenged the president to apply the same political principle at...