December 2025 – Page 167

Nigeria’s N9.16tn Manufacturing Output Shows Weak Growth

11.12.2025

The manufacturing sector generated N9.16tn in nominal terms in the third quarter of 2025. It grew at 1.25 per cent, which the Manufacturers Association of Nigeria described as sluggish, warning that the country’s 3.98 per cent Gross Domestic Product growth does not signal a robust advancement without a corresponding rise in industrial output. GDP data...

Agusto Upgrades FCMB Asset Management Rating to A(IM)

11.12.2025

FCMB Asset Management Limited, the asset management subsidiary of FCMB Group Plc, has received an upgrade from A-(IM) to A(IM) Investment Manager rating from Agusto & Co., a leading pan-African credit rating agency. The rating upgrade reflects FCMBAM’s continued enhancement of its investment management processes, robust research capabilities, disciplined governance framework, and extensive experience within...

Lagos Unveils N150bn Scheme for New CNG Trucks

11.12.2025

The Lagos State Government has launched a N150bn Compressed Natural Gas Trucks Scheme, a Public-Private Partnership initiative aimed at providing truck operators with structured financing for the acquisition of brand-new CNG-powered trucks. The scheme was unveiled on Wednesday by the state Governor, Babajide Sanwo-Olu, during a stakeholders’ engagement with maritime and logistics practitioners. The governor,...

Emerging markets face $3.7tn ESG funding gap: Report

11.12.2025

Emerging markets risk falling further behind in the global sustainability transition as they face a $3.7tn annual Environmental, Social and Governance financing gap, according to a new report by Dun & Bradstreet. The report, titled “ESG Funding in Emerging Markets,” examines how data, regulation, and financial innovation can accelerate sustainable capital flows across South Asia,...

CBN FX Reforms Stabilize Nigeria’s Economy Amid Oil Slump

11.12.2025

The recent slump in global oil prices has rattled several oil-reliant nations, but Nigeria appears to be charting a different course. This time, it is deliberate policy rather than favourable fortune that seems to be providing the buffer. SAMI TUNJI examines how the Central Bank of Nigeria’s shift towards a stricter, more transparent, market-led foreign...

Business

Weak Political Will Hinders Women’s Empowerment in Nigeria

11.12.2025

BudgIT has raised concerns that women’s economic empowerment is being held back by weak political commitment and significant gaps in data, despite years of legislation and advocacy. The warning came during the launch of the State of Women’s Economic Empowerment in Nigeria report held in Abuja on Wednesday. The Co-founder and Global Director of BudgIT,...

Why Public Health Investments Drive Economic Stability

11.12.2025

Public health investments are not just social obligations but strategic economic drivers, says Founder and Chief Executive Officer of Aegis Private Health Consultant, Dr Tokumbo Fasuyi, who explains how healthier populations strengthen productivity, stability, and long-term national growth, in this interview with OKECHUKWU NNODIM What are the implications of health on business and the national...

High Gas Prices Push Developing Nations Back to Coal: NLNG

11.12.2025

Nigeria LNG Limited says persistently high global gas prices are forcing many developing countries to abandon cleaner fuels and revert to coal, undermining global decarbonisation goals and widening the global energy inequality gap. According to a statement by the company’s General Manager, External Relations & Sustainable Development, Sophia Horsfall, NLNG’s Managing Director and Chief Executive...

Shell Nigeria Gas Expands Supply to Ogun Steel Firm

11.12.2025

Shell Nigeria Gas Limited says it is expanding its operations in Ogun State with an agreement to provide gas to SG Industrial FZE, a steel company in the Guandong industrial zone in the state. In a statement, SNG said the agreement adds to a growing list of clients for the company, which has developed as...

Lafarge showcases contributions to Nigeria’s iconic projects

11.12.2025

Lafarge Africa Plc, a building solutions company and manufacturer of premium building materials and solutions brands across cement, mortar, plaster of paris, and readymix concrete, has unveiled a new thematic campaign tagged “Beyond Buildings,” geared towards highlighting its impact and contributions to Nigeria’s infrastructural development. The campaign was unveiled by the Group Managing Director/Chief Executive...