Despite facing a loss to Ivory Coast in the ongoing Africa Cup of Nations (AFCON) 2023, Nigeria’s Super Eagles have gained a financial boost of N5.9 billion. This development underscores the financial rewards associated with participation in major football tournaments. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the breakdown of the financial gains, the sources of revenue for the Super Eagles, and the broader implications for football finance in Nigeria. The financial boost of N5.9 billion for the Super Eagles, despite the loss, highlights the significant revenue streams associated with participation in…
Author: Temitope N.
Indian investors have received approval to invest $25 million in Nigeria, marking a significant development in bilateral economic ties between the two nations. This approval is expected to contribute to economic growth, promote investment, and strengthen collaboration between Indian and Nigerian businesses. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific sectors targeted for investment, the potential impact on job creation, and the broader implications for India-Nigeria economic relations. The approval for Indian investors to invest $25 million in Nigeria signifies a positive step towards fostering international collaboration and attracting foreign direct…
The implementation of the Time Release Study (TRS) is expected to bring about 24-hour cargo clearance, according to the Customs Comptroller-General. This initiative aims to enhance efficiency, reduce clearance time, and optimize the overall cargo clearance experience at Nigerian customs. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specifics of the TRS implementation, the anticipated benefits for stakeholders, and the broader implications for trade facilitation. The Customs Comptroller-General’s announcement underscores the commitment to modernizing and improving customs processes in Nigeria. Understanding the details and methodologies of the TRS implementation provides valuable insights…
The Lagos State Government has taken decisive action to remove touts from pedestrian bridges in Oshodi and Ikeja-Along. This move is part of ongoing efforts to enhance security, improve the safety of pedestrians, and ensure the orderly use of public spaces. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons behind the removal of touts, the impact on pedestrian safety, and the broader implications for public spaces in Lagos. The removal of touts from pedestrian bridges reflects the government’s commitment to creating a secure and orderly environment for residents and commuters. Understanding…
The Lagos State Government has initiated a clampdown on Okada (commercial motorcycle) operations along the Lagos-Badagry Expressway. This action is part of efforts to enforce traffic regulations, enhance road safety, and address concerns related to the operations of commercial motorcycles in the area. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons behind the clampdown, the regulatory measures being enforced, and the broader implications for transportation in the region. The Lagos State Government’s clampdown on Okada operations reflects a commitment to maintaining order on the roads and ensuring the safety of commuters.…
Maritime workers have issued a strike threat in response to a proposed 50% reduction in revenue from the Nigerian Ports Authority (NPA). The workers express concerns about the potential adverse effects on their welfare and working conditions, highlighting the need for a fair and equitable resolution. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specifics of the proposed revenue reduction, the workers’ demands, and the broader implications for the maritime industry. The threat of a strike by maritime workers underscores the challenges arising from proposed changes in revenue allocation within the Nigerian…
The United Kingdom is set to sign a new trade deal with Nigeria, which includes provisions allowing UK lawyers to practice in Nigeria. This agreement reflects efforts to strengthen economic ties, foster trade relations, and enhance collaboration between the two nations. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the details of the trade deal, the specific provisions related to legal practice, and the broader implications for bilateral relations. The new trade deal signifies a mutual commitment to promoting economic cooperation and facilitating the movement of professionals between the UK and Nigeria. Understanding…
The Federal Government is conducting a study of the Lagos bus system as part of preparations for a revamped mass transportation program. This initiative reflects efforts to enhance public transportation infrastructure, improve efficiency, and address the growing mobility needs of the population. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specifics of the study, potential outcomes, and the broader implications for the mass transportation landscape in Nigeria. The Federal Government’s study of the Lagos bus system signals a commitment to evidence-based planning and informed decision-making in the design of mass transportation solutions.…
The Delta State Government has earmarked N15.7 billion for Phase III flood control projects in Warri and its environs. This allocation reflects the government’s commitment to addressing flood-related challenges and enhancing the resilience of communities in the region. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific projects covered under Phase III, the expected impact on flood control, and the broader implications for community development. The allocation of N15.7 billion for Phase III flood control projects demonstrates proactive efforts by the Delta State Government to mitigate the impact of flooding in vulnerable…
The Nigeria Customs Service is gearing up to streamline cargo clearance processes with the implementation of the Time Release Study (TRS) initiative. According to the Customs Comptroller-General, this initiative aims to enhance efficiency, reduce clearance time, and optimize the overall cargo clearance experience. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specifics of the Time Release Study, the anticipated benefits for stakeholders, and the broader implications for trade facilitation. The Customs Comptroller-General’s announcement underscores the commitment to modernizing and improving customs processes in line with international best practices. Understanding the details and…
The Federal Capital Territory Administration (FCTA) has announced the temporary suspension of the registration of dispatch riders. This decision is likely to be in response to emerging regulatory considerations and safety concerns related to the operations of dispatch riders in the FCT. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons behind the temporary suspension, the potential impact on the dispatch rider industry, and the broader implications for safety regulations in the FCT. The temporary suspension of dispatch rider registration suggests a proactive approach by the FCTA to reassess and possibly strengthen…
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to wholesalers and retailers, cautioning them against unjustified food price hikes. This intervention aims to protect consumers from unfair pricing practices and ensure affordability of essential commodities. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the FCCPC’s measures to enforce fair pricing, potential consequences for non-compliance, and the broader implications for consumer protection. The FCCPC’s warning serves as a proactive measure to address concerns related to rising food prices and protect consumers from exploitation. Understanding the strategies and enforcement mechanisms employed…
In a proactive move to enhance customer protection, OPay has rolled out new security features aimed at securing customers’ funds. This development underscores the company’s commitment to ensuring the safety and integrity of financial transactions on its platform. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific security features implemented by OPay, their functionalities, and the broader implications for user trust and confidence in digital financial services. The introduction of enhanced security features by OPay is a strategic response to the evolving landscape of digital transactions and the importance of safeguarding customer…
The National Insurance Commission (NAICOM) has reported a remarkable 22% increase in pension funds, reaching a total of N18 trillion. This surge reflects the continued growth and resilience of the pension sector, contributing to the financial stability and future security of retirees. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the factors driving the significant rise in pension funds, the implications for the pension industry, and the broader impact on the financial landscape. The 22% increase in pension funds to N18 trillion indicates the sustained attractiveness and efficiency of the pension system in…
The equity market capitalization is approaching the N60 trillion mark, signifying a substantial valuation in the Nigerian stock market. This development reflects positive sentiment, investor confidence, and potential economic growth. As Infostride News closely monitors these market trends, comprehensive coverage will be provided, including insights into the factors contributing to the rise in market capitalization, notable performances of key stocks, and the broader implications for the Nigerian economy. The approaching N60 trillion equity market cap highlights the resilience and attractiveness of the Nigerian stock market to investors. Understanding the drivers behind this valuation provides valuable insights into the market dynamics…
In a significant workforce development, 1,500 redeployed staff from the Central Bank of Nigeria (CBN) have resumed their duties at the Lagos office. This move is part of the bank’s strategic efforts to optimize its human resources and enhance operational efficiency. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons for the redeployment, the roles of the staff in the Lagos office, and the broader implications for the CBN’s organizational structure. The redeployment of 1,500 CBN staff to the Lagos office reflects the bank’s commitment to deploying skilled personnel to key areas…
In response to critics, Taiwo Oyedele has affirmed that there will be no recruitment of “area boys” for tax collection. This statement comes amid discussions and concerns regarding the methods and personnel involved in tax collection processes. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the context of the criticism, Oyedele’s response, and the broader implications for tax administration and governance. Taiwo Oyedele’s assurance that “area boys” will not be recruited for tax collection addresses concerns about the use of informal and potentially disruptive methods in revenue generation. Understanding the measures in place…
Ghana’s President, Nana Akufo-Addo, has announced plans to implement a visa-free policy for all African countries in 2023. This initiative reflects a commitment to fostering continental integration, promoting tourism, and enhancing diplomatic ties across the African continent. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the details of the visa-free policy, its potential impact on regional cooperation, and the broader implications for African unity and collaboration. President Akufo-Addo’s announcement signifies Ghana’s dedication to facilitating seamless movement and interaction among African nations. Understanding the specific provisions and requirements of the visa-free policy will provide…
The Socio-Economic Rights and Accountability Project (SERAP) has called on governors, including Governor Nyesom Wike, to provide an account of N40 trillion allocated to local government areas within a 7-day period. This move seeks to enhance transparency, accountability, and good governance in the utilization of local government funds. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the basis for SERAP’s request, the responses from the concerned governors, and the broader implications for fiscal responsibility and governance at the local level. SERAP’s call for accountability underscores the importance of transparent financial management, especially in…
The Lagos State Government has given illegal squatters a 5-day notice to vacate the Ijora Causeway Bridge and Blue Line Overhead Bridge. This action is part of the government’s efforts to address issues related to illegal settlements and ensure the safety and functionality of key infrastructure. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the reasons behind the eviction notice, the potential impact on affected individuals, and the broader implications for urban planning and governance in Lagos. The issuance of a 5-day notice indicates the government’s commitment to enforcing urban planning regulations and…