Business Matters – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sun, 29 Mar 2026 12:58:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Business Matters – InfoStride News https://www.theinfostride.com 32 32 NAFDAC Destroys N939 Million Worth of Fake Drugs in Anambra https://www.theinfostride.com/nafdac-destroys-n939-million-worth-of-fake-drugs-in-anambra/ https://www.theinfostride.com/nafdac-destroys-n939-million-worth-of-fake-drugs-in-anambra/#respond Sun, 29 Mar 2026 12:58:01 +0000 https://www.theinfostride.com/?p=480435 The National Agency for Food and Drug Administration and Control has destroyed fake, expired, and substandard drugs valued at over N939 million in Anambra State, in a major crackdown aimed at safeguarding public health and eliminating harmful products from circulation. The destruction exercise was carried out in Awka at a designated dumpsite, where officials disposed [...]

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]]> https://www.theinfostride.com/nafdac-destroys-n939-million-worth-of-fake-drugs-in-anambra/feed/ 0 Lagos Emerges Nigeria’s Top State for Ease of Doing Business — Report https://www.theinfostride.com/lagos-emerges-nigerias-top-state-for-ease-of-doing-business-report/ https://www.theinfostride.com/lagos-emerges-nigerias-top-state-for-ease-of-doing-business-report/#respond Sun, 29 Mar 2026 12:52:54 +0000 https://www.theinfostride.com/?p=480432 Lagos State has been ranked the best state for doing business in Nigeria, according to a recent subnational assessment of business environments across the country. The ranking further reinforces the state’s long-standing reputation as the nation’s commercial nerve centre and a preferred destination for investors. The report, unveiled at a high-level policy and diplomatic gathering [...]

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]]> https://www.theinfostride.com/lagos-emerges-nigerias-top-state-for-ease-of-doing-business-report/feed/ 0 Otti Commissions Upgraded 5MVA Power Plant, Unveils Major Projects at Abia State University https://www.theinfostride.com/otti-commissions-upgraded-5mva-power-plant-unveils-major-projects-at-abia-state-university/ https://www.theinfostride.com/otti-commissions-upgraded-5mva-power-plant-unveils-major-projects-at-abia-state-university/#respond Sun, 29 Mar 2026 12:46:54 +0000 https://www.theinfostride.com/?p=480430 Abia State Governor Alex Otti has commissioned an upgraded 5MVA power plant at Abia State University, alongside several infrastructure projects aimed at improving electricity supply, student welfare, and overall learning conditions within the institution. The commissioning ceremony took place at the university’s main campus in Uturu as part of activities marking its combined convocation ceremony. [...]

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]]> https://www.theinfostride.com/otti-commissions-upgraded-5mva-power-plant-unveils-major-projects-at-abia-state-university/feed/ 0 EFCC Raises Alarm as Global Crypto Crime Hits $160 Billion in 2025 https://www.theinfostride.com/efcc-raises-alarm-as-global-crypto-crime-hits-160-billion-in-2025/ https://www.theinfostride.com/efcc-raises-alarm-as-global-crypto-crime-hits-160-billion-in-2025/#respond Sun, 29 Mar 2026 12:43:28 +0000 https://www.theinfostride.com/?p=480428 The Economic and Financial Crimes Commission has raised concerns over the rapid rise in cryptocurrency-related crimes, revealing that illicit transactions involving digital currencies surged to more than $160 billion globally in 2025. The disclosure was made by EFCC Chairman Ola Olukoyede during the inauguration of the United Nations Office on Drugs and Crime country programme [...]

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]]> https://www.theinfostride.com/efcc-raises-alarm-as-global-crypto-crime-hits-160-billion-in-2025/feed/ 0 Fire Guts Ebonyi Health Ministry, Destroys Vaccines and Property Worth Millions https://www.theinfostride.com/fire-guts-ebonyi-health-ministry-destroys-vaccines-and-property-worth-millions/ https://www.theinfostride.com/fire-guts-ebonyi-health-ministry-destroys-vaccines-and-property-worth-millions/#respond Sun, 29 Mar 2026 12:40:31 +0000 https://www.theinfostride.com/?p=480426 A fire outbreak has ravaged facilities at the Ebonyi State Ministry of Health, destroying vaccines and property estimated to be worth millions of naira, in a development that has raised concerns about public health and emergency preparedness in the state. The incident, which occurred at the headquarters of the Ebonyi State Ministry of Health in [...]

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]]> https://www.theinfostride.com/fire-guts-ebonyi-health-ministry-destroys-vaccines-and-property-worth-millions/feed/ 0 NDLEA Busts Lagos Fabric Trader Behind Nigeria-Ghana Drug Trafficking Ring https://www.theinfostride.com/ndlea-busts-lagos-fabric-trader-behind-nigeria-ghana-drug-trafficking-ring/ https://www.theinfostride.com/ndlea-busts-lagos-fabric-trader-behind-nigeria-ghana-drug-trafficking-ring/#respond Sun, 29 Mar 2026 12:37:38 +0000 https://www.theinfostride.com/?p=480424 The National Drug Law Enforcement Agency has arrested a Lagos-based fabrics merchant accused of orchestrating a cross-border drug trafficking network linking Nigeria and Ghana, in what authorities describe as a major breakthrough in the fight against illicit narcotics distribution in West Africa. According to officials, the suspect—whose identity has not yet been publicly disclosed—was apprehended [...]

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]]> https://www.theinfostride.com/ndlea-busts-lagos-fabric-trader-behind-nigeria-ghana-drug-trafficking-ring/feed/ 0 Funke Akindele’s Behind the Scenes grosses N1.1 billion in 17 days https://www.theinfostride.com/funke-akindeles-behind-the-scenes-grosses-n1-1-billion-in-17-days/ https://www.theinfostride.com/funke-akindeles-behind-the-scenes-grosses-n1-1-billion-in-17-days/#respond Thu, 19 Mar 2026 07:20:32 +0000 https://www.theinfostride.com/?p=474524 Funke Akindele’s latest film Behind the Scenes has taken the Nigerian box office by storm, grossing an impressive N1.1 billion in just 17 days since its release. The milestone marks another major success for Akindele, one of Nollywood’s most influential filmmakers and actors. Released nationwide earlier this month, Behind the Scenes has drawn large audiences [...]

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]]> https://www.theinfostride.com/funke-akindeles-behind-the-scenes-grosses-n1-1-billion-in-17-days/feed/ 0 Nigerian Army neutralises over 80 terrorists, rescues 34 kidnap victims nationwide https://www.theinfostride.com/nigerian-army-neutralises-over-80-terrorists-rescues-34-kidnap-victims-nationwide/ https://www.theinfostride.com/nigerian-army-neutralises-over-80-terrorists-rescues-34-kidnap-victims-nationwide/#respond Thu, 19 Mar 2026 07:20:23 +0000 https://www.theinfostride.com/?p=474541 The Nigerian Army has announced that its troops have neutralised more than 80 terrorists and rescued 34 kidnap victims in coordinated military operations carried out across several parts of the country. The operations, conducted over recent days, were aimed at dismantling terrorist cells, bandit groups, and other criminal networks responsible for violence, kidnappings, and attacks [...]

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]]> https://www.theinfostride.com/nigerian-army-neutralises-over-80-terrorists-rescues-34-kidnap-victims-nationwide/feed/ 0 Federal Government Unveils Intra-African Air Cargo Corridor with 50% Discount for Nigerian Exporters https://www.theinfostride.com/federal-government-unveils-intra-african-air-cargo-corridor-with-50-discount-for-nigerian-exporters/ https://www.theinfostride.com/federal-government-unveils-intra-african-air-cargo-corridor-with-50-discount-for-nigerian-exporters/#respond Thu, 19 Mar 2026 07:20:13 +0000 https://www.theinfostride.com/?p=425762 The Federal Government of Nigeria has launched a new intra-African air cargo corridor aimed at boosting trade and export opportunities across the continent. The initiative, unveiled in partnership with the United Nations Development Programme (UNDP) and Uganda Airlines, offers Nigerian exporters a significant 50% discount on air freight charges to key East and Southern African [...]

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]]> https://www.theinfostride.com/federal-government-unveils-intra-african-air-cargo-corridor-with-50-discount-for-nigerian-exporters/feed/ 0 Industrialist Commends Dangote Refinery on Petrol Supply, Calls for Diesel Price Reduction https://www.theinfostride.com/industrialist-commends-dangote-refinery-on-petrol-supply-calls-for-diesel-price-reduction/ https://www.theinfostride.com/industrialist-commends-dangote-refinery-on-petrol-supply-calls-for-diesel-price-reduction/#respond Thu, 19 Mar 2026 07:19:59 +0000 https://www.theinfostride.com/?p=474605 An industrialist has lauded the Dangote Refinery for its recent impact on petrol availability in Nigeria, noting that the facility has significantly eased the chronic fuel shortages that have plagued the country for years. While praising the refinery’s contribution to stabilising petrol supply, the industrialist also urged authorities and marketers to consider reducing diesel prices, [...]

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]]> https://www.theinfostride.com/industrialist-commends-dangote-refinery-on-petrol-supply-calls-for-diesel-price-reduction/feed/ 0 NDIC Reaffirms Adherence to Fiscal Responsibility Act, Statutory Remittance Obligations https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/ https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/#respond Thu, 19 Mar 2026 07:19:32 +0000 https://www.theinfostride.com/?p=474599 The Nigeria Deposit Insurance Corporation has reaffirmed its full compliance with the Fiscal Responsibility Act and other statutory remittance requirements, dismissing concerns over alleged non-remittance of funds to the appropriate government accounts. The corporation said it operates strictly within the framework of existing financial regulations and remains committed to transparency and accountability in the management [...]

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]]> https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/feed/ 0 NAICOM Dismisses Extension of Insurance Recapitalisation Deadline https://www.theinfostride.com/naicom-dismisses-extension-of-insurance-recapitalisation-deadline/ https://www.theinfostride.com/naicom-dismisses-extension-of-insurance-recapitalisation-deadline/#respond Thu, 19 Mar 2026 07:19:30 +0000 https://www.theinfostride.com/?p=474597 The National Insurance Commission has ruled out any extension of the deadline for the ongoing recapitalisation of insurance and reinsurance companies, insisting that operators must meet the stipulated capital requirements within the approved timeline. The regulator said the reform is critical to strengthening the insurance industry and enhancing its capacity to support Nigeria’s economy. NAICOM [...]

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]]> https://www.theinfostride.com/naicom-dismisses-extension-of-insurance-recapitalisation-deadline/feed/ 0 Integrated Logistics Key to Thriving Blue Economy — Oyetola https://www.theinfostride.com/integrated-logistics-key-to-thriving-blue-economy-oyetola/ https://www.theinfostride.com/integrated-logistics-key-to-thriving-blue-economy-oyetola/#respond Thu, 19 Mar 2026 07:18:23 +0000 https://www.theinfostride.com/?p=470395 The Minister of Marine and Blue Economy, Adegboyega Oyetola, has emphasised that integrated logistics systems remain essential to unlocking Nigeria’s full potential in the blue economy sector. According to him, the nation’s maritime industry cannot achieve sustainable growth or global competitiveness without seamless coordination among ports, transport infrastructure, and logistics operations. Speaking during a stakeholders’ [...]

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]]> https://www.theinfostride.com/integrated-logistics-key-to-thriving-blue-economy-oyetola/feed/ 0 Dangote Cement Records N743.3bn Profit Amid Strong Market Performance and Expansion Drive https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/ https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/#respond Thu, 19 Mar 2026 07:18:21 +0000 https://www.theinfostride.com/?p=470331 Dangote Cement Plc, Africa’s largest cement producer, has announced an impressive profit of N743.3 billion for the nine-month period ending September 2025, representing one of its strongest financial performances in recent years. The company’s sustained revenue growth, operational efficiency, and strategic expansion across key African markets have positioned it as a dominant force in the [...]

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]]> https://www.theinfostride.com/dangote-cement-records-n743-3bn-profit-amid-strong-market-performance-and-expansion-drive/feed/ 0 Tax Reforms Target Multiple Levies, Says Oyedele https://www.theinfostride.com/tax-reforms-target-multiple-levies-says-oyedele/ https://www.theinfostride.com/tax-reforms-target-multiple-levies-says-oyedele/#respond Thu, 19 Mar 2026 07:18:18 +0000 https://www.theinfostride.com/?p=470462 The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that Nigeria’s ongoing tax reforms are designed to eliminate multiple levies and create a more efficient, transparent, and business-friendly tax system. He explained that the reforms aim to streamline the country’s complex tax structure, boost revenue generation, and reduce the [...]

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]]> https://www.theinfostride.com/tax-reforms-target-multiple-levies-says-oyedele/feed/ 0 NEPAD Urges Nigerians to Build Stronger AfCFTA Capacity https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/ https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/#respond Thu, 19 Mar 2026 07:18:02 +0000 https://www.theinfostride.com/?p=470464 The New Partnership for Africa’s Development (NEPAD) Nigeria has called on Nigerians, particularly entrepreneurs, business leaders, and policymakers, to strengthen their capacity to fully participate in the African Continental Free Trade Area (AfCFTA) agreement. The organisation said this is crucial for Nigeria to maximise the vast opportunities presented by the continent’s single market, which aims [...]

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]]> https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/feed/ 0 Federal Government Pushes for Food Security Amid Agricultural Challenges https://www.theinfostride.com/federal-government-pushes-for-food-security-amid-agricultural-challenges/ https://www.theinfostride.com/federal-government-pushes-for-food-security-amid-agricultural-challenges/#respond Thu, 19 Mar 2026 07:15:53 +0000 https://www.theinfostride.com/?p=435300 Nigeria is currently facing a serious food security challenge that threatens the well-being of millions across the country. Rising inflation, climate change, insecurity, and structural weaknesses in agriculture have combined to create one of the most pressing crises in recent memory. In response, the Federal Government has stepped up efforts to address these challenges with [...]

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]]> https://www.theinfostride.com/federal-government-pushes-for-food-security-amid-agricultural-challenges/feed/ 0 Tinubu departs Lagos for Europe, to attend Abu Dhabi Sustainability Summit https://www.theinfostride.com/tinubu-departs-lagos-for-europe-to-attend-abu-dhabi-sustainability-summit/ https://www.theinfostride.com/tinubu-departs-lagos-for-europe-to-attend-abu-dhabi-sustainability-summit/#respond Thu, 19 Mar 2026 07:14:37 +0000 https://www.theinfostride.com/?p=474548 President Bola Ahmed Tinubu has departed Lagos for Europe ahead of his participation in the Abu Dhabi Sustainability Summit, a high-level global forum focused on sustainable development, climate action, and economic transformation. The President left Lagos on Tuesday following the conclusion of official engagements in the state. According to a statement from the Presidency, Tinubu [...]

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]]> https://www.theinfostride.com/tinubu-departs-lagos-for-europe-to-attend-abu-dhabi-sustainability-summit/feed/ 0 FG Generates N393bn in Tax Revenue from Dangote, Nine Other Corporates https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/ https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/#respond Thu, 19 Mar 2026 07:14:10 +0000 https://www.theinfostride.com/?p=466176 The Federal Government of Nigeria has announced that it raked in a substantial N393 billion in tax revenue from Dangote Group and nine other major companies, underscoring the critical role of large corporations in sustaining government revenue streams amid mounting fiscal pressures. The disclosure comes at a time when Nigeria is intensifying efforts to diversify [...]

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]]> https://www.theinfostride.com/fg-generates-n393bn-in-tax-revenue-from-dangote-nine-other-corporates/feed/ 0 Dangote announces $2.5bn Ethiopia plant to triple fertilizer output https://www.theinfostride.com/dangote-announces-2-5bn-ethiopia-plant-to-triple-fertilizer-output/ https://www.theinfostride.com/dangote-announces-2-5bn-ethiopia-plant-to-triple-fertilizer-output/#respond Thu, 19 Mar 2026 07:08:23 +0000 https://www.theinfostride.com/?p=472546 Dangote Industries has unveiled plans to significantly boost its fertilizer production capacity with the construction of a $2.5 billion plant in Ethiopia, a move set to triple output and expand the company’s footprint in Africa’s agricultural sector. The announcement underscores Dangote’s commitment to addressing food security challenges, supporting agricultural development, and contributing to the continent’s [...]

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]]> https://www.theinfostride.com/dangote-announces-2-5bn-ethiopia-plant-to-triple-fertilizer-output/feed/ 0 Harmonised Tax Bills Ready, May Get National Assembly Approval Tuesday https://www.theinfostride.com/harmonised-tax-bills-ready-may-get-national-assembly-approval-tuesday/ https://www.theinfostride.com/harmonised-tax-bills-ready-may-get-national-assembly-approval-tuesday/#respond Thu, 19 Mar 2026 07:06:50 +0000 https://www.theinfostride.com/?p=425729 The Nigerian National Assembly is set to pass a suite of harmonised tax reform bills on Tuesday, May 28, 2025, marking a major milestone in the federal government’s ongoing efforts to overhaul the country’s outdated and fragmented tax structure. The bills—consolidated through the efforts of a joint conference committee of both chambers—are designed to unify [...]

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]]> https://www.theinfostride.com/harmonised-tax-bills-ready-may-get-national-assembly-approval-tuesday/feed/ 0 Financial Action Task Force Grey List Exit Restores $30bn In Lost Investment Potential – Cardoso https://www.theinfostride.com/financial-action-task-force-grey-list-exit-restores-30bn-in-lost-investment-potential-cardoso/ https://www.theinfostride.com/financial-action-task-force-grey-list-exit-restores-30bn-in-lost-investment-potential-cardoso/#respond Thu, 19 Mar 2026 07:04:36 +0000 https://www.theinfostride.com/?p=472613 The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria’s removal from the Financial Action Task Force (FATF) grey list has restored an estimated $30 billion in previously lost investment potential, reaffirming the country’s credibility in global financial markets. Cardoso stated this while addressing journalists following the announcement of Nigeria’s exit [...]

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]]> https://www.theinfostride.com/financial-action-task-force-grey-list-exit-restores-30bn-in-lost-investment-potential-cardoso/feed/ 0 CBN approves Abiagam as Coronation Merchant Bank CEO https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/ https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/#respond Thu, 19 Mar 2026 07:04:32 +0000 https://www.theinfostride.com/?p=472606 The Central Bank of Nigeria has given formal approval for the appointment of Aigboje “Abiagam” Aig-Imoukhuede as the new Chief Executive Officer of Coronation Merchant Bank, marking a significant leadership transition at one of Nigeria’s key investment and wholesale banking institutions. The approval, which follows a thorough fit-and-proper assessment by the apex bank, signals a [...]

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]]> https://www.theinfostride.com/cbn-approves-abiagam-as-coronation-merchant-bank-ceo/feed/ 0 Lafarge Africa boosts educational standards as part of its ongoing community development initiatives. https://www.theinfostride.com/lafarge-africa-boosts-educational-standards-as-part-of-its-ongoing-community-development-initiatives/ https://www.theinfostride.com/lafarge-africa-boosts-educational-standards-as-part-of-its-ongoing-community-development-initiatives/#respond Thu, 19 Mar 2026 07:04:29 +0000 https://www.theinfostride.com/?p=472619 Lafarge Africa Plc has reaffirmed its dedication to community development across Nigeria by implementing projects that directly impact education, health, and social infrastructure, with a particular focus on improving learning environments in public schools. The cement manufacturing giant disclosed that its ongoing initiatives aim to provide quality education, promote social wellbeing, and empower local communities, [...]

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]]> https://www.theinfostride.com/lafarge-africa-boosts-educational-standards-as-part-of-its-ongoing-community-development-initiatives/feed/ 0 Crude, other constraints limit Nigeria’s refining capacity 62% – FG https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/ https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/#respond Thu, 19 Mar 2026 07:04:21 +0000 https://www.theinfostride.com/?p=472610 The Federal Government has disclosed that Nigeria’s refining capacity remains hampered by multiple structural and operational constraints, with crude supply shortages identified as the most significant factor limiting utilisation by as much as 62 per cent. This revelation highlights the persistent challenges undermining the nation’s long-standing ambition to achieve self-sufficiency in petroleum product refining and [...]

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]]> https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/feed/ 0 Google pledges N3bn to boost Nigeria’s AI capacity https://www.theinfostride.com/google-pledges-n3bn-to-boost-nigerias-ai-capacity/ https://www.theinfostride.com/google-pledges-n3bn-to-boost-nigerias-ai-capacity/#respond Thu, 19 Mar 2026 07:04:19 +0000 https://www.theinfostride.com/?p=472603 Google has announced a commitment of N3bn to strengthen Nigeria’s artificial intelligence capacity, marking one of the company’s most significant investments aimed at accelerating technological development in the country. The pledge, made as part of broader initiatives to support innovation across Africa, reflects Google’s strategic focus on expanding digital infrastructure, nurturing local talent, and promoting [...]

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]]> https://www.theinfostride.com/google-pledges-n3bn-to-boost-nigerias-ai-capacity/feed/ 0 CSCS transitions to T+2 settlement cycle https://www.theinfostride.com/cscs-transitions-to-t2-settlement-cycle/ https://www.theinfostride.com/cscs-transitions-to-t2-settlement-cycle/#respond Thu, 19 Mar 2026 07:04:18 +0000 https://www.theinfostride.com/?p=472608 The Central Securities Clearing System has officially moved to a T+2 settlement cycle, marking a major advancement in Nigeria’s capital market and aligning the country with global settlement standards adopted by leading financial markets. The transition represents a significant step in reducing settlement delays, improving liquidity, strengthening market efficiency, and attracting more institutional investors who [...]

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]]> https://www.theinfostride.com/cscs-transitions-to-t2-settlement-cycle/feed/ 0 Nigeria To Rank Among World’s Top 5 Economies By 2100 — ECOWAS President https://www.theinfostride.com/nigeria-to-rank-among-worlds-top-5-economies-by-2100-ecowas-president/ https://www.theinfostride.com/nigeria-to-rank-among-worlds-top-5-economies-by-2100-ecowas-president/#respond Thu, 19 Mar 2026 07:04:09 +0000 https://www.theinfostride.com/?p=472615 The President of the ECOWAS Commission, Omar Alieu Touray, has projected that Nigeria could emerge as one of the world’s top five economies by the year 2100, describing the nation as a country with unmatched demographic strength, strategic influence and far-reaching economic potential. Touray made the statement during the launch of the ECOWAS National Biometric [...]

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]]> https://www.theinfostride.com/nigeria-to-rank-among-worlds-top-5-economies-by-2100-ecowas-president/feed/ 0 NGX closes week lower as investors lose N129bn https://www.theinfostride.com/ngx-closes-week-lower-as-investors-lose-n129bn/ https://www.theinfostride.com/ngx-closes-week-lower-as-investors-lose-n129bn/#respond Thu, 19 Mar 2026 07:04:02 +0000 https://www.theinfostride.com/?p=472617 The Nigerian Exchange Limited (NGX) ended the week on a negative note as investors collectively lost N129 billion due to bearish trends across major sectors of the equities market. Market analysts attributed the decline to profit-taking activities, lingering economic uncertainties, and fluctuations in global commodity prices that influenced investor sentiment. The downturn reflects the fragile [...]

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]]> https://www.theinfostride.com/ngx-closes-week-lower-as-investors-lose-n129bn/feed/ 0 Cash outside banks surges by N181.7bn in one month https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/ https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/#respond Thu, 19 Mar 2026 07:00:52 +0000 https://www.theinfostride.com/?p=472601 Nigeria has witnessed a significant rise in currency circulating outside the banking system, as cash held by individuals and businesses surged by N181.7bn within just one month. The development has raised concerns among financial experts and policymakers, who warn that the growing preference for cash-based transactions could undermine the country’s monetary stability, weaken financial inclusion [...]

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]]> https://www.theinfostride.com/cash-outside-banks-surges-by-n181-7bn-in-one-month/feed/ 0 CBN says 27 banks secure new capital in ongoing recapitalisation exercise https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/ https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/#respond Thu, 19 Mar 2026 07:00:39 +0000 https://www.theinfostride.com/?p=472551 The Central Bank of Nigeria has confirmed that a total of 27 banks have successfully mobilised fresh capital as part of the ongoing recapitalisation programme designed to strengthen the financial system and enhance the resilience of deposit money banks. The disclosure marks a major milestone in the implementation of the banking sector reforms announced earlier [...]

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]]> https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/feed/ 0 Nigeria exports $2.57bn crude to US, highest in Africa https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/ https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/#respond Thu, 19 Mar 2026 07:00:38 +0000 https://www.theinfostride.com/?p=472599 Nigeria has emerged as the leading African exporter of crude oil to the United States, recording shipments valued at $2.57bn within the first ten months of the year. The development marks a significant boost for Africa’s largest oil producer, reaffirming its position as a dominant player in the global energy market despite persistent domestic production [...]

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]]> https://www.theinfostride.com/nigeria-exports-2-57bn-crude-to-us-highest-in-africa/feed/ 0 Nigeria’s equities market gains N28.5 trillion in 11 months https://www.theinfostride.com/nigerias-equities-market-gains-n28-5-trillion-in-11-months/ https://www.theinfostride.com/nigerias-equities-market-gains-n28-5-trillion-in-11-months/#respond Thu, 19 Mar 2026 07:00:38 +0000 https://www.theinfostride.com/?p=472531 Nigeria’s equities market has recorded a remarkable N28.5 trillion gain over the first eleven months of 2025, reflecting strong investor confidence, improved market sentiment, and increased trading activities across various sectors. The surge underscores the resilience of the Nigerian Exchange (NGX) and highlights the attractiveness of local equities to both domestic and foreign investors seeking [...]

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]]> https://www.theinfostride.com/nigerias-equities-market-gains-n28-5-trillion-in-11-months/feed/ 0 NNPCL invests N17.5tn in securing pipelines and critical infrastructure https://www.theinfostride.com/nnpcl-invests-n17-5tn-in-securing-pipelines-and-critical-infrastructure/ https://www.theinfostride.com/nnpcl-invests-n17-5tn-in-securing-pipelines-and-critical-infrastructure/#respond Thu, 19 Mar 2026 07:00:34 +0000 https://www.theinfostride.com/?p=472544 The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it spent N17.5 trillion over the past 12 months on securing fuel pipelines and other critical oil and gas infrastructure across the country. The disclosure underscores the persistent challenges the company faces in protecting vital energy assets from vandalism, theft, and sabotage, which have historically [...]

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]]> https://www.theinfostride.com/nnpcl-invests-n17-5tn-in-securing-pipelines-and-critical-infrastructure/feed/ 0 CBN records N74.41tn credit to private sector in one month https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/ https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/#respond Thu, 19 Mar 2026 07:00:19 +0000 https://www.theinfostride.com/?p=472542 The Central Bank of Nigeria has disclosed that commercial banks extended a total of N74.41 trillion in credit to the private sector in a single month, highlighting the continued expansion of lending activities and the central role of banks in supporting economic growth. The report underscores the resilience of Nigeria’s financial system and signals the [...]

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]]> https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/feed/ 0 SEC directs market operators to register investment instruments before January deadline https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/ https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/#respond Thu, 19 Mar 2026 07:00:10 +0000 https://www.theinfostride.com/?p=472548 The Securities and Exchange Commission has issued a firm directive requiring all capital market operators to register their investment instruments before January, marking a significant step in its ongoing efforts to strengthen regulatory oversight, improve investor protection, and restore confidence in the nation’s financial markets. The instruction is part of a broader push to enhance [...]

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]]> https://www.theinfostride.com/sec-directs-market-operators-to-register-investment-instruments-before-january-deadline/feed/ 0 NUPRC evaluates PIA impact as IEA highlights sector transformation https://www.theinfostride.com/nuprc-evaluates-pia-impact-as-iea-highlights-sector-transformation/ https://www.theinfostride.com/nuprc-evaluates-pia-impact-as-iea-highlights-sector-transformation/#respond Thu, 19 Mar 2026 07:00:06 +0000 https://www.theinfostride.com/?p=472536 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded an extensive appraisal of the Petroleum Industry Act’s (PIA) impact on the country’s oil and gas sector, while the Institute of Energy Administration (IEA) has underscored the transformative effects of the legislation on regulatory frameworks, investment, and operational efficiency. The assessment and commentary signal a growing [...]

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]]> https://www.theinfostride.com/nuprc-evaluates-pia-impact-as-iea-highlights-sector-transformation/feed/ 0 Nigeria records $20.98bn foreign capital inflow in 10 months – Cardoso https://www.theinfostride.com/nigeria-records-20-98bn-foreign-capital-inflow-in-10-months-cardoso/ https://www.theinfostride.com/nigeria-records-20-98bn-foreign-capital-inflow-in-10-months-cardoso/#respond Thu, 19 Mar 2026 07:00:04 +0000 https://www.theinfostride.com/?p=472534 Nigeria has attracted a total of $20.98 billion in foreign capital inflows over the first ten months of 2025, reflecting a growing investor confidence in the country’s economic prospects and financial markets, according to financial strategist Cardoso. The figure underscores the resilience of the Nigerian economy, the effectiveness of policy reforms, and the increasing appeal [...]

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]]> https://www.theinfostride.com/nigeria-records-20-98bn-foreign-capital-inflow-in-10-months-cardoso/feed/ 0 OPay opens new office in Ibadan https://www.theinfostride.com/opay-opens-new-office-in-ibadan/ https://www.theinfostride.com/opay-opens-new-office-in-ibadan/#respond Thu, 19 Mar 2026 07:00:04 +0000 https://www.theinfostride.com/?p=472540 OPay, one of Nigeria’s leading fintech companies, has officially inaugurated a new office in Ibadan, signalling the company’s continued commitment to expanding its operations, enhancing customer engagement, and strengthening its presence in key regional markets. The move reflects OPay’s strategic focus on deepening financial inclusion, improving access to digital payment services, and supporting small businesses [...]

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]]> https://www.theinfostride.com/opay-opens-new-office-in-ibadan/feed/ 0 Nigeria records 38% growth in Company Income Tax in H1 2025 https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/ https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/#respond Thu, 19 Mar 2026 07:00:01 +0000 https://www.theinfostride.com/?p=472538 Nigeria’s National Bureau of Statistics has reported a remarkable 38 percent growth in Company Income Tax (CIT) revenue in the first half of 2025, underscoring the government’s success in revenue mobilisation and the resilience of the corporate sector amid economic challenges. The increase reflects both improved tax compliance by businesses and the ongoing reforms in [...]

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]]> https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/feed/ 0 Nigerian Navy destroys illegal refinery in Rivers, recovers stolen crude oil https://www.theinfostride.com/nigerian-navy-destroys-illegal-refinery-in-rivers-recovers-stolen-crude-oil/ https://www.theinfostride.com/nigerian-navy-destroys-illegal-refinery-in-rivers-recovers-stolen-crude-oil/#respond Sun, 08 Mar 2026 12:20:02 +0000 https://www.theinfostride.com/?p=479080 The Nigerian Navy has dismantled an illegal crude oil refining operation in Rivers State, recovering large quantities of stolen petroleum products as part of intensified efforts to curb economic sabotage in the Niger Delta. The operation, conducted by the Nigerian Navy Ship (NNS) Pathfinder Anti-Crude Oil Theft patrol team under the flagship maritime security initiative [...]

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]]> https://www.theinfostride.com/nigerian-navy-destroys-illegal-refinery-in-rivers-recovers-stolen-crude-oil/feed/ 0 Nigeria releases emergency contacts for citizens across the Middle East amid regional tensions https://www.theinfostride.com/nigeria-releases-emergency-contacts-for-citizens-across-the-middle-east-amid-regional-tensions/ https://www.theinfostride.com/nigeria-releases-emergency-contacts-for-citizens-across-the-middle-east-amid-regional-tensions/#respond Sun, 08 Mar 2026 12:05:40 +0000 https://www.theinfostride.com/?p=479078 Abuja – The Federal Government has released emergency contact numbers for Nigerian nationals residing in the Middle East, as regional tensions escalate following coordinated military strikes involving Iran, Israel and the United States . The Nigerians in Diaspora Commission (NiDCOM) and the Ministry of Foreign Affairs issued separate advisories over the weekend, activating dedicated hotlines through [...]

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]]> https://www.theinfostride.com/nigeria-releases-emergency-contacts-for-citizens-across-the-middle-east-amid-regional-tensions/feed/ 0 Global progress for women in parliament stalls at 27.5%, IPU report reveals https://www.theinfostride.com/global-progress-for-women-in-parliament-stalls-at-27-5-ipu-report-reveals/ https://www.theinfostride.com/global-progress-for-women-in-parliament-stalls-at-27-5-ipu-report-reveals/#respond Sun, 08 Mar 2026 11:52:11 +0000 https://www.theinfostride.com/?p=479063 Geneva – Women now hold just 27.5 per cent of national parliamentary seats worldwide, marking the slowest growth in nearly a decade and raising fresh concerns about the pace of progress toward gender equality in political decision-making . The latest report from the Inter-Parliamentary Union (IPU), released ahead of International Women’s Day, shows a meagre 0.3 [...]

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]]> https://www.theinfostride.com/global-progress-for-women-in-parliament-stalls-at-27-5-ipu-report-reveals/feed/ 0 Foreign trade payment rises to $267.96 million – CBN https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/ https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/#respond Sat, 28 Feb 2026 11:30:28 +0000 https://www.theinfostride.com/?p=425733 Nigeria’s foreign trade payments through Letters of Credit (LCs) rose to $267.96 million in the first four months of 2025, according to recent data from the Central Bank of Nigeria (CBN). This represents a 3.68 percent increase compared to the same period in 2024 and signals a gradual recovery in the country’s international trade financing [...]

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]]> https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/feed/ 0 Lasaco Assurance Grows Q1 Profit to ₦1.62 Billion, Strengthens Market Position with Double-Digit Revenue Growth https://www.theinfostride.com/lasaco-assurance-grows-q1-profit-to-%e2%82%a61-62-billion-strengthens-market-position-with-double-digit-revenue-growth/ https://www.theinfostride.com/lasaco-assurance-grows-q1-profit-to-%e2%82%a61-62-billion-strengthens-market-position-with-double-digit-revenue-growth/#respond Sat, 28 Feb 2026 11:30:06 +0000 https://www.theinfostride.com/?p=425723 Lasaco Assurance Plc has announced a robust financial performance for the first quarter ended March 31, 2025, with its profit before tax rising by 24% year-on-year to ₦1.62 billion. The company had posted a profit before tax of ₦1.31 billion in the corresponding quarter of 2024, signalling a strong start to the 2025 financial year [...]

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]]> https://www.theinfostride.com/lasaco-assurance-grows-q1-profit-to-%e2%82%a61-62-billion-strengthens-market-position-with-double-digit-revenue-growth/feed/ 0 Customs to Sanction Non-Compliant Importers, Clearing Agents https://www.theinfostride.com/customs-to-sanction-non-compliant-importers-clearing-agents/ https://www.theinfostride.com/customs-to-sanction-non-compliant-importers-clearing-agents/#respond Sat, 28 Feb 2026 11:00:59 +0000 https://www.theinfostride.com/?p=474343 The Nigeria Customs Service has issued a stern warning to importers and licensed clearing agents, declaring its intention to impose strict sanctions on operators who fail to comply with customs laws, procedures and documentation requirements. The Service said the move is aimed at strengthening compliance, protecting government revenue and improving transparency within the nation’s ports [...]

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]]> https://www.theinfostride.com/customs-to-sanction-non-compliant-importers-clearing-agents/feed/ 0 PenCom Secures ₦972.12m Recovery in Q1 2025 as Pension Enforcement Intensifies https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/ https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/#respond Sat, 28 Feb 2026 11:00:46 +0000 https://www.theinfostride.com/?p=466178 The National Pension Commission (PenCom) has announced a major leap in enforcement activities as it recorded ₦972.12 million in recoveries from defaulting employers in the first quarter of 2025. The figure, representing a 503.7% increase from the ₦161.03 million recovered in the fourth quarter of 2024, underscores the regulator’s deepened resolve to protect workers’ retirement [...]

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]]> https://www.theinfostride.com/pencom-secures-%e2%82%a6972-12m-recovery-in-q1-2025-as-pension-enforcement-intensifies/feed/ 0 CBN Records $276m Decline in IMTO Inflows https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/ https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/#respond Sat, 28 Feb 2026 11:00:41 +0000 https://www.theinfostride.com/?p=474333 The Central Bank of Nigeria has reported a significant drop of $276 million in foreign exchange inflows from International Money Transfer Operators, reflecting ongoing pressures in Nigeria’s external sector despite recent reforms aimed at boosting foreign currency supply. According to the apex bank, IMTO inflows declined within the latest reporting period compared with the preceding [...]

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]]> https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/feed/ 0 Nigeria’s Trade Surplus Falls by 10% in Q3 2025 – NBS https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/ https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/#respond Sat, 28 Feb 2026 11:00:39 +0000 https://www.theinfostride.com/?p=474337 Nigeria’s trade surplus declined by 10 per cent in the third quarter of 2025, according to the latest foreign trade statistics released by the National Bureau of Statistics. The drop reflects a combination of weaker export earnings and sustained import demand, underscoring ongoing structural challenges in the country’s external trade performance. Data from the NBS [...]

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]]> https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/feed/ 0 Brokers Urged to Brace for Sweeping Insurance Reforms in Nigeria https://www.theinfostride.com/brokers-urged-to-brace-for-sweeping-insurance-reforms-in-nigeria-2/ https://www.theinfostride.com/brokers-urged-to-brace-for-sweeping-insurance-reforms-in-nigeria-2/#respond Sat, 28 Feb 2026 11:00:35 +0000 https://www.theinfostride.com/?p=425714 The Nigerian insurance industry is on the brink of major transformation as the Nigerian Insurance Industry Reform Act Bill, 2025, awaits presidential assent. Having cleared both chambers of the National Assembly, the bill introduces wide-ranging reforms that seek to overhaul the regulatory landscape, strengthen corporate governance, and enhance the overall integrity of the industry. As [...]

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