Business Matters – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 30 Sep 2026 21:44:27 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 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 Standards Organisation of Nigeria Applauds Dangote Cement for Exemplary Corporate Practices https://www.theinfostride.com/standards-organisation-of-nigeria-applauds-dangote-cement-for-exemplary-corporate-practices/ https://www.theinfostride.com/standards-organisation-of-nigeria-applauds-dangote-cement-for-exemplary-corporate-practices/#respond Fri, 02 Oct 2026 21:30:17 +0000 https://www.theinfostride.com/?p=467128 The Standards Organisation of Nigeria (SON) has commended Dangote Cement Plc for its consistent adherence to industry standards, ethical conduct, and corporate best practices that have positioned the company as a leading player in Africa’s cement industry. The recognition, coming at a time when Nigerian companies are under increasing scrutiny to uphold international standards, underscores [...]

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]]> https://www.theinfostride.com/standards-organisation-of-nigeria-applauds-dangote-cement-for-exemplary-corporate-practices/feed/ 0 Dangote Refinery Reduces Petrol Price by N30 https://www.theinfostride.com/dangote-refinery-reduces-petrol-price-by-n30/ https://www.theinfostride.com/dangote-refinery-reduces-petrol-price-by-n30/#respond Fri, 02 Oct 2026 21:10:14 +0000 https://www.theinfostride.com/?p=464900 The Dangote Petroleum Refinery has announced a reduction in the pump price of Premium Motor Spirit (PMS), cutting it by N30 per litre in a move aimed at easing the financial burden on Nigerians and supporting economic stability. The new price adjustment, which took effect immediately after the announcement, has been widely welcomed by fuel [...]

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]]> https://www.theinfostride.com/dangote-refinery-reduces-petrol-price-by-n30/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 Fri, 02 Oct 2026 18:25:23 +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 FCMB Interim Audit Delays Q3 Financial Results https://www.theinfostride.com/fcmb-interim-audit-delays-q3-financial-results/ https://www.theinfostride.com/fcmb-interim-audit-delays-q3-financial-results/#respond Fri, 02 Oct 2026 14:30:52 +0000 https://www.theinfostride.com/?p=467615 First City Monument Bank (FCMB) Group has announced a delay in the release of its financial results for the third quarter of 2025, citing an ongoing interim audit exercise. The development, which was communicated to stakeholders through a regulatory disclosure, has drawn the attention of investors, analysts, and the broader financial market, given the group’s [...]

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]]> https://www.theinfostride.com/fcmb-interim-audit-delays-q3-financial-results/feed/ 0 NDLEA Nabs Delta Drug Kingpin, Seizes ₦7.8bn Opioids at Onne Port https://www.theinfostride.com/ndlea-nabs-delta-drug-kingpin-seizes-%e2%82%a67-8bn-opioids-at-onne-port/ https://www.theinfostride.com/ndlea-nabs-delta-drug-kingpin-seizes-%e2%82%a67-8bn-opioids-at-onne-port/#respond Fri, 02 Oct 2026 14:30:46 +0000 https://www.theinfostride.com/?p=465268 The National Drug Law Enforcement Agency (NDLEA) has recorded another major breakthrough in its ongoing war against narcotics trafficking with the arrest of a notorious drug kingpin from Delta State and the seizure of opioids valued at ₦7.8 billion at the Onne Port in Rivers State. According to NDLEA authorities, the suspect, identified as a [...]

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]]> https://www.theinfostride.com/ndlea-nabs-delta-drug-kingpin-seizes-%e2%82%a67-8bn-opioids-at-onne-port/feed/ 0 BUA Foods Achieves 101% Profit Growth, Reaches ₦276.1bn in H1 2025 https://www.theinfostride.com/bua-foods-achieves-101-profit-growth-reaches-%e2%82%a6276-1bn-in-h1-2025/ https://www.theinfostride.com/bua-foods-achieves-101-profit-growth-reaches-%e2%82%a6276-1bn-in-h1-2025/#respond Fri, 02 Oct 2026 10:55:10 +0000 https://www.theinfostride.com/?p=463598 BUA Foods Plc on Monday announced an outstanding set of half-year results for the first half of 2025, reporting a 101 percent increase in profit after tax, alongside gross earnings that surged to ₦276.1 billion. The company’s performance spotlighted robust growth across agri-processing, foodstuffs, and sugar refining operations, signaling strong momentum in domestic value chain [...]

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]]> https://www.theinfostride.com/bua-foods-achieves-101-profit-growth-reaches-%e2%82%a6276-1bn-in-h1-2025/feed/ 0 Kano Govt Approves N40.8bn for Road Construction, Rehabilitation https://www.theinfostride.com/kano-govt-approves-n40-8bn-for-road-construction-rehabilitation/ https://www.theinfostride.com/kano-govt-approves-n40-8bn-for-road-construction-rehabilitation/#respond Wed, 30 Sep 2026 21:40:59 +0000 https://www.theinfostride.com/?p=465301 The Kano State Government has approved the sum of N40.8 billion for the construction and rehabilitation of roads across different parts of the state, in a move aimed at addressing the infrastructure deficit and boosting economic activities. Governor Abba Kabir Yusuf, who disclosed the development after the State Executive Council meeting, said the projects are [...]

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]]> https://www.theinfostride.com/kano-govt-approves-n40-8bn-for-road-construction-rehabilitation/feed/ 0 Nigeria’s Pension Fund Investment in Real Estate Soars by 418% to N77.8bn https://www.theinfostride.com/nigerias-pension-fund-investment-in-real-estate-soars-by-418-to-n77-8bn/ https://www.theinfostride.com/nigerias-pension-fund-investment-in-real-estate-soars-by-418-to-n77-8bn/#respond Wed, 30 Sep 2026 21:40:58 +0000 https://www.theinfostride.com/?p=464893 Nigeria’s pension fund administrators (PFAs) have significantly increased their investments in real estate, with figures rising by 418% to N77.8 billion as of June 2025, according to fresh data from the National Pension Commission (PenCom). This marks a substantial leap from the N15.02 billion recorded in the same period last year, underscoring growing confidence in [...]

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]]> https://www.theinfostride.com/nigerias-pension-fund-investment-in-real-estate-soars-by-418-to-n77-8bn/feed/ 0 CBN Unveils Plans to Revamp eNaira for Greater Adoption https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/ https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/#respond Wed, 30 Sep 2026 21:40:55 +0000 https://www.theinfostride.com/?p=464903 The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to revitalise its central bank digital currency (CBDC), the eNaira, with the goal of driving mass adoption, strengthening the country’s digital payment ecosystem, and accelerating the shift toward a cash-lite economy. The initiative, according to the apex bank, will involve a complete overhaul of [...]

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]]> https://www.theinfostride.com/cbn-unveils-plans-to-revamp-enaira-for-greater-adoption/feed/ 0 FG Vows to Revive Nigeria’s Moribund Steel Industry to Boost Industrialisation https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/ https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/#respond Wed, 30 Sep 2026 21:40:51 +0000 https://www.theinfostride.com/?p=464992 President Bola Ahmed Tinubu has reaffirmed the Federal Government’s commitment to reviving Nigeria’s moribund steel industry, pledging to bring dormant steel companies back to life as part of his administration’s broader agenda to accelerate industrialisation and drive sustainable economic growth. Speaking on Tuesday in Abuja, Tinubu described the steel sector as the “backbone of industrialisation” [...]

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]]> https://www.theinfostride.com/fg-vows-to-revive-nigerias-moribund-steel-industry-to-boost-industrialisation/feed/ 0 PenCom Says Board Inauguration Beyond Its Control Amid NLC Concerns https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/ https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/#respond Wed, 30 Sep 2026 21:40:49 +0000 https://www.theinfostride.com/?p=465953 The National Pension Commission (PenCom) has responded to the Nigeria Labour Congress (NLC) over its recent criticism regarding the delayed inauguration of the commission’s board, stating that the process is outside its jurisdiction. The NLC had accused PenCom of stalling the constitution of its governing board, which it claimed was affecting decision-making and proper oversight [...]

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]]> https://www.theinfostride.com/pencom-says-board-inauguration-beyond-its-control-amid-nlc-concerns/feed/ 0 Financial Inclusion: CBN Fair Showcases Alternative Payment Channels and Expands Awareness https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/ https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/#respond Wed, 30 Sep 2026 21:40:39 +0000 https://www.theinfostride.com/?p=464884 The Central Bank of Nigeria (CBN) has intensified its drive to deepen financial inclusion in the country by organising a financial literacy fair aimed at promoting alternative payment channels and other innovative banking solutions. The event, which attracted stakeholders from the banking sector, fintech companies, small business owners, and members of the public, was designed [...]

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]]> https://www.theinfostride.com/financial-inclusion-cbn-fair-showcases-alternative-payment-channels-and-expands-awareness/feed/ 0 AfDB Backs AI Training to Advance Africa’s Agenda 2063 Vision https://www.theinfostride.com/afdb-backs-ai-training-to-advance-africas-agenda-2063-vision/ https://www.theinfostride.com/afdb-backs-ai-training-to-advance-africas-agenda-2063-vision/#respond Wed, 30 Sep 2026 21:40:35 +0000 https://www.theinfostride.com/?p=464879 The African Development Bank (AfDB) has announced its support for artificial intelligence (AI) training initiatives aimed at equipping Africans with the skills needed to accelerate the continent’s socio-economic transformation under the African Union’s Agenda 2063. The move reflects the bank’s growing focus on technology-driven development and its belief that AI can play a critical role [...]

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]]> https://www.theinfostride.com/afdb-backs-ai-training-to-advance-africas-agenda-2063-vision/feed/ 0 NITP Sets Up Panel to Drive Planning Law Implementation https://www.theinfostride.com/nitp-sets-up-panel-to-drive-planning-law-implementation/ https://www.theinfostride.com/nitp-sets-up-panel-to-drive-planning-law-implementation/#respond Wed, 30 Sep 2026 21:40:34 +0000 https://www.theinfostride.com/?p=465309 The Nigerian Institute of Town Planners (NITP) has inaugurated a high-powered panel to oversee the effective execution of planning laws across the country, in what is seen as a critical step towards promoting sustainable urban development and addressing Nigeria’s mounting challenges in city growth, infrastructure provision, and land use management. The panel, according to the [...]

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]]> https://www.theinfostride.com/nitp-sets-up-panel-to-drive-planning-law-implementation/feed/ 0 UN Ranks Nigeria 8th in Africa, 98th Globally on Industrialisation Index https://www.theinfostride.com/un-ranks-nigeria-8th-in-africa-98th-globally-on-industrialisation-index/ https://www.theinfostride.com/un-ranks-nigeria-8th-in-africa-98th-globally-on-industrialisation-index/#respond Wed, 30 Sep 2026 21:40:33 +0000 https://www.theinfostride.com/?p=465304 Nigeria has been ranked 8th in Africa and 98th globally on the United Nations’ industrialisation index, according to the latest report assessing the performance of nations in promoting industrial growth and economic diversification. The ranking, released by the United Nations Industrial Development Organization (UNIDO), measures the extent to which countries are advancing in areas such [...]

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]]> https://www.theinfostride.com/un-ranks-nigeria-8th-in-africa-98th-globally-on-industrialisation-index/feed/ 0 ABC Transport Records N465.5 Million Profit in First Half of 2025 https://www.theinfostride.com/abc-transport-records-n465-5-million-profit-in-first-half-of-2025/ https://www.theinfostride.com/abc-transport-records-n465-5-million-profit-in-first-half-of-2025/#respond Wed, 30 Sep 2026 21:40:32 +0000 https://www.theinfostride.com/?p=464881 ABC Transport Plc has announced a profit of N465.5 million for the first half of 2025, marking a significant turnaround from the losses recorded in the same period last year. The transport and logistics company attributed the improved performance to operational efficiency, cost optimisation measures, and increased patronage across its service routes. The company’s latest [...]

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]]> https://www.theinfostride.com/abc-transport-records-n465-5-million-profit-in-first-half-of-2025/feed/ 0 FIRS Collaborates with Customs to Advance National Single Window Initiative https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/ https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/#respond Wed, 30 Sep 2026 21:40:31 +0000 https://www.theinfostride.com/?p=464889 The Federal Inland Revenue Service (FIRS) has announced a strategic partnership with the Nigeria Customs Service (NCS) to accelerate the implementation of the National Single Window (NSW) project, a digital trade facilitation platform aimed at streamlining cross-border transactions and enhancing government revenue collection. The move is expected to improve efficiency, reduce bottlenecks, and boost Nigeria’s [...]

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]]> https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/feed/ 0 FG Commences Review of Revenue Allocation Formula https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/ https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/#respond Wed, 30 Sep 2026 21:40:29 +0000 https://www.theinfostride.com/?p=465319 The Federal Government has announced the commencement of a comprehensive review of the country’s revenue allocation formula, a process aimed at addressing long-standing concerns over fiscal imbalance and improving equitable distribution of resources across the three tiers of government. The exercise, according to officials, is expected to take into account current economic realities, the revenue [...]

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]]> https://www.theinfostride.com/fg-commences-review-of-revenue-allocation-formula/feed/ 0 World Bank to Approve $750m Loan for Nigeria on Tuesday https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/ https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/#respond Wed, 30 Sep 2026 21:40:27 +0000 https://www.theinfostride.com/?p=467613 Nigeria is set to secure a significant financial boost as the World Bank prepares to approve a $750 million loan on Tuesday, marking one of the largest recent interventions by the global lender in support of the country’s economic reforms. The facility, expected to be approved by the World Bank’s Board of Directors, is designed [...]

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]]> https://www.theinfostride.com/world-bank-to-approve-750m-loan-for-nigeria-on-tuesday/feed/ 0 Ex-NIMASA DG Ade Dosunmu Stresses Blue Economy as Key to Nigeria’s Diversification https://www.theinfostride.com/ex-nimasa-dg-ade-dosunmu-stresses-blue-economy-as-key-to-nigerias-diversification/ https://www.theinfostride.com/ex-nimasa-dg-ade-dosunmu-stresses-blue-economy-as-key-to-nigerias-diversification/#respond Wed, 30 Sep 2026 21:40:23 +0000 https://www.theinfostride.com/?p=465214 Nigeria’s former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Ade Dosunmu, has reiterated that the blue economy represents one of the most powerful and sustainable pathways for Nigeria’s economic diversification. Speaking at a maritime stakeholders’ forum in Lagos, Dosunmu urged the government to intensify its commitment to harnessing the vast opportunities [...]

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]]> https://www.theinfostride.com/ex-nimasa-dg-ade-dosunmu-stresses-blue-economy-as-key-to-nigerias-diversification/feed/ 0 Shipping Delays Stall Dangote’s CNG Truck Deployment, 450 Units Delivered https://www.theinfostride.com/shipping-delays-stall-dangotes-cng-truck-deployment-450-units-delivered/ https://www.theinfostride.com/shipping-delays-stall-dangotes-cng-truck-deployment-450-units-delivered/#respond Wed, 30 Sep 2026 21:40:22 +0000 https://www.theinfostride.com/?p=465315 The Dangote Group has announced that global shipping disruptions have delayed the arrival of its compressed natural gas (CNG) trucks, slowing down its ambitious plan to roll out 3,550 vehicles to support Nigeria’s energy transition and reduce reliance on petrol and diesel. Out of the total order, only 450 trucks have so far arrived in [...]

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]]> https://www.theinfostride.com/shipping-delays-stall-dangotes-cng-truck-deployment-450-units-delivered/feed/ 0 Parallex Bank Extends N4bn Loan Facility to Lagos Local Councils https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/ https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/#respond Wed, 30 Sep 2026 21:40:22 +0000 https://www.theinfostride.com/?p=465955 Parallex Bank has announced a N4 billion credit facility to support local government councils in Lagos State, aimed at strengthening grassroots development and boosting economic activities across the state. The initiative, which reflects the bank’s growing focus on subnational financing, is designed to enable local councils to meet their infrastructure and social service obligations more [...]

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]]> https://www.theinfostride.com/parallex-bank-extends-n4bn-loan-facility-to-lagos-local-councils/feed/ 0 UNDP, REA Collaborate to Drive Nigeria’s Clean Energy Transition https://www.theinfostride.com/undp-rea-collaborate-to-drive-nigerias-clean-energy-transition/ https://www.theinfostride.com/undp-rea-collaborate-to-drive-nigerias-clean-energy-transition/#respond Wed, 30 Sep 2026 21:40:12 +0000 https://www.theinfostride.com/?p=465157 The United Nations Development Programme (UNDP) has partnered with the Rural Electrification Agency (REA) to accelerate Nigeria’s shift toward clean energy, a move aimed at boosting sustainable development, reducing energy poverty, and strengthening the country’s climate resilience. The partnership, formally announced in Abuja, represents a major step in aligning global development support with Nigeria’s ambitious [...]

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]]> https://www.theinfostride.com/undp-rea-collaborate-to-drive-nigerias-clean-energy-transition/feed/ 0 FG to Review Bilateral Air Services Agreement with Jamaica https://www.theinfostride.com/fg-to-review-bilateral-air-services-agreement-with-jamaica/ https://www.theinfostride.com/fg-to-review-bilateral-air-services-agreement-with-jamaica/#respond Wed, 30 Sep 2026 21:40:09 +0000 https://www.theinfostride.com/?p=405371 The Federal Government has announced plans to review the Bilateral Air Services Agreement (BASA) between Nigeria and Jamaica, aiming to enhance air connectivity and boost economic relations between the two countries. The review is expected to address key areas such as flight frequency, operational guidelines, and potential expansion of routes to improve travel and trade [...]

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]]> https://www.theinfostride.com/fg-to-review-bilateral-air-services-agreement-with-jamaica/feed/ 0 NSDC Signs Agreement with Four New Operators to Boost Annual Sugar Production by 400,000 Metric Tonnes https://www.theinfostride.com/nsdc-signs-agreement-with-four-new-operators-to-boost-annual-sugar-production-by-400000-metric-tonnes/ https://www.theinfostride.com/nsdc-signs-agreement-with-four-new-operators-to-boost-annual-sugar-production-by-400000-metric-tonnes/#respond Wed, 30 Sep 2026 21:40:03 +0000 https://www.theinfostride.com/?p=464886 The National Sugar Development Council (NSDC) has taken another major step toward strengthening Nigeria’s sugar industry by signing agreements with four new operators to collectively produce 400,000 metric tonnes of sugar annually. The initiative is part of the Federal Government’s broader strategy to achieve self-sufficiency in sugar production, reduce import dependence, and stimulate economic growth [...]

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]]> https://www.theinfostride.com/nsdc-signs-agreement-with-four-new-operators-to-boost-annual-sugar-production-by-400000-metric-tonnes/feed/ 0 Surveyor-General Flags Illegal Shoreline Structures for Demolition https://www.theinfostride.com/surveyor-general-flags-illegal-shoreline-structures-for-demolition/ https://www.theinfostride.com/surveyor-general-flags-illegal-shoreline-structures-for-demolition/#respond Wed, 30 Sep 2026 21:40:01 +0000 https://www.theinfostride.com/?p=465312 The Office of the Surveyor-General of the Federation (OSGoF) has raised concerns over the growing number of illegal structures springing up along Nigeria’s shorelines, warning that such developments not only contravene existing laws but also threaten the environment, public safety, and national infrastructure. Surveyor-General of the Federation, Abuduganiyu Adeyemi Adebomehin, said his office has completed [...]

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]]> https://www.theinfostride.com/surveyor-general-flags-illegal-shoreline-structures-for-demolition/feed/ 0 FG Clears Over ₦2 Trillion Capital Budget Arrears, Raises States’ Surplus to ₦7.1 Trillion – Edun https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/ https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/#respond Wed, 30 Sep 2026 21:30:39 +0000 https://www.theinfostride.com/?p=464984 The Federal Government has successfully settled over ₦2 trillion in outstanding capital budget arrears, significantly boosting the financial standing of states and raising their combined surplus to ₦7.1 trillion, according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Edun disclosed this on Tuesday while briefing journalists in Abuja, explaining that [...]

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]]> https://www.theinfostride.com/fg-clears-over-%e2%82%a62-trillion-capital-budget-arrears-raises-states-surplus-to-%e2%82%a67-1-trillion-edun/feed/ 0 NUPRC Sets Focus on Frontier Basin Exploration and Transparent Licensing Rounds https://www.theinfostride.com/nuprc-sets-focus-on-frontier-basin-exploration-and-transparent-licensing-rounds/ https://www.theinfostride.com/nuprc-sets-focus-on-frontier-basin-exploration-and-transparent-licensing-rounds/#respond Wed, 30 Sep 2026 21:20:50 +0000 https://www.theinfostride.com/?p=465272 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to prioritising frontier basin exploration and strengthening the competitive licensing process as part of efforts to drive sustainable growth in the nation’s oil and gas sector. The move comes as Nigeria intensifies strategies to unlock new hydrocarbon reserves and attract foreign and local investments [...]

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]]> https://www.theinfostride.com/nuprc-sets-focus-on-frontier-basin-exploration-and-transparent-licensing-rounds/feed/ 0 ICRC Unveils New PPP Guidelines, Hands Approval Powers to MDAs https://www.theinfostride.com/icrc-unveils-new-ppp-guidelines-hands-approval-powers-to-mdas/ https://www.theinfostride.com/icrc-unveils-new-ppp-guidelines-hands-approval-powers-to-mdas/#respond Wed, 30 Sep 2026 21:20:45 +0000 https://www.theinfostride.com/?p=465270 The Infrastructure Concession Regulatory Commission (ICRC) has introduced fresh guidelines for Public-Private Partnership (PPP) projects in Nigeria, while also decentralising approval powers to Ministries, Departments, and Agencies (MDAs) to fast-track infrastructural development. The new framework, announced in Abuja on Friday, is aimed at deepening transparency, efficiency, and accountability in the execution of PPP arrangements across [...]

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]]> https://www.theinfostride.com/icrc-unveils-new-ppp-guidelines-hands-approval-powers-to-mdas/feed/ 0 Nigeria’s Oil Production Hits 2025 Peak at 1.559 Million Barrels Per Day https://www.theinfostride.com/nigerias-oil-production-hits-2025-peak-at-1-559-million-barrels-per-day/ https://www.theinfostride.com/nigerias-oil-production-hits-2025-peak-at-1-559-million-barrels-per-day/#respond Wed, 30 Sep 2026 21:20:36 +0000 https://www.theinfostride.com/?p=464891 Nigeria’s crude oil production climbed to 1.559 million barrels per day (bpd) in July 2025, marking its highest output level so far this year, according to fresh data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This represents a significant boost from the 1.43 million bpd recorded in June, reflecting ongoing efforts by the Federal [...]

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]]> https://www.theinfostride.com/nigerias-oil-production-hits-2025-peak-at-1-559-million-barrels-per-day/feed/ 0 Nigeria Customs Seizes ₦3.1 Billion Contraband, Arrests 13 in Three Weeks https://www.theinfostride.com/nigeria-customs-seizes-%e2%82%a63-1-billion-contraband-arrests-13-in-three-weeks/ https://www.theinfostride.com/nigeria-customs-seizes-%e2%82%a63-1-billion-contraband-arrests-13-in-three-weeks/#respond Wed, 30 Sep 2026 21:20:30 +0000 https://www.theinfostride.com/?p=464981 The Nigeria Customs Service (NCS) has announced the interception of contraband goods valued at ₦3.1 billion and the arrest of 13 suspected smugglers in a sweeping anti-smuggling operation carried out over the last three weeks. The operation, which spanned several border points, highways, and storage facilities, was part of the NCS’s intensified enforcement drive to [...]

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]]> https://www.theinfostride.com/nigeria-customs-seizes-%e2%82%a63-1-billion-contraband-arrests-13-in-three-weeks/feed/ 0 Union Bank Customers Win Cash Prizes and Gifts in Ongoing Promo https://www.theinfostride.com/union-bank-customers-win-cash-prizes-and-gifts-in-ongoing-promo/ https://www.theinfostride.com/union-bank-customers-win-cash-prizes-and-gifts-in-ongoing-promo/#respond Wed, 30 Sep 2026 21:20:29 +0000 https://www.theinfostride.com/?p=463056 Union Bank of Nigeria has rewarded hundreds of its loyal customers with cash prizes and other exciting gifts as part of its ongoing “Save and Win Palli Promo 4.” The initiative, which began in December 2024, is aimed at encouraging savings culture among Nigerians while offering them the chance to win life-changing rewards. In the [...]

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]]> https://www.theinfostride.com/union-bank-customers-win-cash-prizes-and-gifts-in-ongoing-promo/feed/ 0 Nigeria Rules Out Nuclear Weapons, Pledges Focus on Poverty Reduction and Climate Action https://www.theinfostride.com/nigeria-rules-out-nuclear-weapons-pledges-focus-on-poverty-reduction-and-climate-action/ https://www.theinfostride.com/nigeria-rules-out-nuclear-weapons-pledges-focus-on-poverty-reduction-and-climate-action/#respond Wed, 30 Sep 2026 21:20:24 +0000 https://www.theinfostride.com/?p=461371   Nigeria has reiterated its commitment to global peace and nuclear disarmament, ruling out any ambitions to develop or acquire nuclear weapons as it prioritises the urgent task of lifting millions of its citizens out of poverty and tackling the mounting challenges of climate change. This assurance came during a recent meeting in Abuja between [...]

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]]> https://www.theinfostride.com/nigeria-rules-out-nuclear-weapons-pledges-focus-on-poverty-reduction-and-climate-action/feed/ 0 Reps Launch Probe into N1.06 Trillion NG-CARES Programme over Alleged Limited Impact on Citizens https://www.theinfostride.com/reps-launch-probe-into-n1-06-trillion-ng-cares-programme-over-alleged-limited-impact-on-citizens/ https://www.theinfostride.com/reps-launch-probe-into-n1-06-trillion-ng-cares-programme-over-alleged-limited-impact-on-citizens/#respond Wed, 30 Sep 2026 21:20:17 +0000 https://www.theinfostride.com/?p=464976 The House of Representatives has commenced an investigation into the N1.06 trillion Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme, following growing concerns that the initiative has failed to deliver significant benefits to ordinary Nigerians despite its vast funding. The programme, launched in 2021, was designed to mitigate the socioeconomic impacts of the COVID-19 [...]

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]]> https://www.theinfostride.com/reps-launch-probe-into-n1-06-trillion-ng-cares-programme-over-alleged-limited-impact-on-citizens/feed/ 0 N4tn Subsidy Savings Channeled to Infrastructure – Tinubu https://www.theinfostride.com/n4tn-subsidy-savings-channeled-to-infrastructure-tinubu/ https://www.theinfostride.com/n4tn-subsidy-savings-channeled-to-infrastructure-tinubu/#respond Wed, 30 Sep 2026 21:20:17 +0000 https://www.theinfostride.com/?p=461375   President Bola Ahmed Tinubu has said that the Nigerian government has redirected about N4 trillion saved from the removal of fuel subsidies to critical infrastructure and social welfare programmes aimed at easing the burden on ordinary Nigerians and stimulating the economy. Speaking at the opening of the National Conference on Public Accounts and Fiscal [...]

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]]> https://www.theinfostride.com/n4tn-subsidy-savings-channeled-to-infrastructure-tinubu/feed/ 0 Dangote Refinery Resumes Petrol Sale in Naira Following Committee’s Intervention https://www.theinfostride.com/dangote-refinery-resumes-petrol-sale-in-naira-following-committees-intervention/ https://www.theinfostride.com/dangote-refinery-resumes-petrol-sale-in-naira-following-committees-intervention/#respond Wed, 30 Sep 2026 21:20:11 +0000 https://www.theinfostride.com/?p=467632 The Dangote Petroleum Refinery has officially resumed the sale of petrol in naira, reversing its earlier decision to suspend transactions in the local currency. This development comes after the intervention of a special committee set up by the federal government to resolve the pricing and operational disagreements that had sparked concerns across the downstream oil [...]

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]]> https://www.theinfostride.com/dangote-refinery-resumes-petrol-sale-in-naira-following-committees-intervention/feed/ 0 Naira Strengthens Against Dollar, Closes Week at ₦1,534.72 https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/ https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/#respond Wed, 30 Sep 2026 21:20:11 +0000 https://www.theinfostride.com/?p=463186 The Naira concluded the week on a more positive note, trading at ₦1,534.72 to the U.S. dollar in the official market—a modest but meaningful improvement from the ₦1,550 average recorded earlier in the week. The currency’s uptick is being attributed to increased liquidity in the foreign exchange market, tighter regulatory oversight, and measured intervention by [...]

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]]> https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/feed/ 0 NIMASA Promotes Private Investment to Strengthen Marine Economy https://www.theinfostride.com/nimasa-promotes-private-investment-to-strengthen-marine-economy/ https://www.theinfostride.com/nimasa-promotes-private-investment-to-strengthen-marine-economy/#respond Wed, 30 Sep 2026 21:20:08 +0000 https://www.theinfostride.com/?p=467629 The Nigerian Maritime Administration and Safety Agency (NIMASA) has intensified efforts to attract private sector participation as part of a broader strategy to boost the country’s marine and blue economy. The agency, in line with the federal government’s vision of diversifying revenue sources and strengthening non-oil sectors, has outlined new initiatives to unlock investment opportunities [...]

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]]> https://www.theinfostride.com/nimasa-promotes-private-investment-to-strengthen-marine-economy/feed/ 0 Dangote Refinery Blames PENGASSAN for Economic Sabotage Amid Fuel Supply Disruptions https://www.theinfostride.com/dangote-refinery-blames-pengassan-for-economic-sabotage-amid-fuel-supply-disruptions/ https://www.theinfostride.com/dangote-refinery-blames-pengassan-for-economic-sabotage-amid-fuel-supply-disruptions/#respond Wed, 30 Sep 2026 21:20:05 +0000 https://www.theinfostride.com/?p=467619 The Dangote Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of engaging in actions it described as deliberate economic sabotage, following disruptions to crude oil and gas supplies to its multi-billion-dollar facility in Lagos. The accusation comes against the backdrop of escalating tensions between the management of the [...]

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]]> https://www.theinfostride.com/dangote-refinery-blames-pengassan-for-economic-sabotage-amid-fuel-supply-disruptions/feed/ 0 FG Tackles Energy Poverty with Mission 300 Initiative https://www.theinfostride.com/fg-tackles-energy-poverty-with-mission-300-initiative/ https://www.theinfostride.com/fg-tackles-energy-poverty-with-mission-300-initiative/#respond Wed, 30 Sep 2026 21:20:04 +0000 https://www.theinfostride.com/?p=461377   The Federal Government has unveiled an ambitious new plan, Mission 300, aimed at tackling Nigeria’s long-standing problem of energy poverty and expanding electricity access to millions of citizens who still live without reliable power. The initiative, which was announced at a stakeholders’ forum in Abuja, is part of a broader African strategy to connect [...]

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]]> https://www.theinfostride.com/fg-tackles-energy-poverty-with-mission-300-initiative/feed/ 0 NIPOST Denies Drug Trafficking Allegation, Says It Never Linked Courier Abuse to Tinubu’s Administration https://www.theinfostride.com/nipost-denies-drug-trafficking-allegation-says-it-never-linked-courier-abuse-to-tinubus-administration/ https://www.theinfostride.com/nipost-denies-drug-trafficking-allegation-says-it-never-linked-courier-abuse-to-tinubus-administration/#respond Wed, 30 Sep 2026 21:10:49 +0000 https://www.theinfostride.com/?p=461373   The Nigerian Postal Service (NIPOST) has denied reports suggesting it confirmed that courier services have been used to traffic drugs since President Bola Ahmed Tinubu took office, describing the claim as misleading and unfounded. The agency, through its management, clarified that it never linked any illegal courier activities to the current administration and warned [...]

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]]> https://www.theinfostride.com/nipost-denies-drug-trafficking-allegation-says-it-never-linked-courier-abuse-to-tinubus-administration/feed/ 0 LivingTrust Mortgage Bank Wins 2024 DBN Innovation Award https://www.theinfostride.com/livingtrust-mortgage-bank-wins-2024-dbn-innovation-award/ https://www.theinfostride.com/livingtrust-mortgage-bank-wins-2024-dbn-innovation-award/#respond Wed, 30 Sep 2026 21:10:36 +0000 https://www.theinfostride.com/?p=414179 LivingTrust Mortgage Bank Plc has been honoured with the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution (OFI) category for the 2024 financial year. This prestigious recognition highlights the bank’s exceptional performance and innovative contributions to supporting micro, small, and medium-sized enterprises (MSMEs) in Nigeria. The DBN, supported by global development [...]

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]]> https://www.theinfostride.com/livingtrust-mortgage-bank-wins-2024-dbn-innovation-award/feed/ 0 Nigerian Airfares Remain Deregulated as NCAA Reaffirms Market-Driven Pricing https://www.theinfostride.com/nigerian-airfares-remain-deregulated-as-ncaa-reaffirms-market-driven-pricing/ https://www.theinfostride.com/nigerian-airfares-remain-deregulated-as-ncaa-reaffirms-market-driven-pricing/#respond Wed, 30 Sep 2026 21:10:32 +0000 https://www.theinfostride.com/?p=410490 The Nigerian Civil Aviation Authority (NCAA) has confirmed that domestic airfares will continue to operate under a deregulated system, with airlines maintaining the autonomy to set prices based on market conditions. This announcement comes amid growing passenger concerns over recent fare increases on domestic routes. Current Pricing Landscape: Economy class tickets on major domestic routes [...]

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]]> https://www.theinfostride.com/nigerian-airfares-remain-deregulated-as-ncaa-reaffirms-market-driven-pricing/feed/ 0 Fitch Maintains Ecobank Nigeria’s Long-Term Credit Rating at ‘CCC’ Amid Financial Strains https://www.theinfostride.com/fitch-maintains-ecobank-nigerias-long-term-credit-rating-at-ccc-amid-financial-strains/ https://www.theinfostride.com/fitch-maintains-ecobank-nigerias-long-term-credit-rating-at-ccc-amid-financial-strains/#respond Wed, 30 Sep 2026 21:10:26 +0000 https://www.theinfostride.com/?p=462966 Fitch Ratings has reaffirmed the long-term Issuer Default Rating of Ecobank Nigeria at ‘CCC’, a level that suggests heightened vulnerability to adverse economic and financial conditions. The rating, while not indicative of immediate default, implies that the bank’s ability to meet its financial commitments is highly dependent on favorable economic developments and possibly external support. [...]

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]]> https://www.theinfostride.com/fitch-maintains-ecobank-nigerias-long-term-credit-rating-at-ccc-amid-financial-strains/feed/ 0 Edun Advocates Public-Private Partnerships to Boost Non-Interest Finance in Nigeria https://www.theinfostride.com/edun-advocates-public-private-partnerships-to-boost-non-interest-finance-in-nigeria/ https://www.theinfostride.com/edun-advocates-public-private-partnerships-to-boost-non-interest-finance-in-nigeria/#respond Wed, 30 Sep 2026 21:10:14 +0000 https://www.theinfostride.com/?p=464896 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emphasised the need for stronger collaboration between the public and private sectors to accelerate the growth of non-interest financial services across the country. Speaking during a stakeholders’ engagement forum in Abuja, Edun explained that Public-Private Partnerships (PPPs) could play a transformative role [...]

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]]> https://www.theinfostride.com/edun-advocates-public-private-partnerships-to-boost-non-interest-finance-in-nigeria/feed/ 0 Nigeria’s Agriculture Minister Honoured with Global Agritourism Recognition https://www.theinfostride.com/nigerias-agriculture-minister-honoured-with-global-agritourism-recognition/ https://www.theinfostride.com/nigerias-agriculture-minister-honoured-with-global-agritourism-recognition/#respond Wed, 30 Sep 2026 21:10:01 +0000 https://www.theinfostride.com/?p=463537 Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, has been awarded the prestigious World Agritourism Award in recognition of his outstanding contributions to the advancement of agritourism and sustainable agricultural practices in Nigeria. The award, presented during the International Agritourism Conference held in Bolzano, Italy, celebrates leaders and policymakers who have made significant [...]

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]]> https://www.theinfostride.com/nigerias-agriculture-minister-honoured-with-global-agritourism-recognition/feed/ 0 Moniepoint Recognised Among UK’s Top Fintech Companies https://www.theinfostride.com/moniepoint-recognised-among-uks-top-fintech-companies/ https://www.theinfostride.com/moniepoint-recognised-among-uks-top-fintech-companies/#respond Wed, 30 Sep 2026 21:10:00 +0000 https://www.theinfostride.com/?p=467155 Moniepoint, one of Africa’s fastest-growing financial technology firms, has been named among the top fintech companies in the United Kingdom, a recognition that further cements its position as a global player in digital finance and innovation. The latest recognition underscores Moniepoint’s rising influence in both African and international markets as it continues to expand its [...]

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]]> https://www.theinfostride.com/moniepoint-recognised-among-uks-top-fintech-companies/feed/ 0 Naira Stabilizes as 1,350 Vehicles Dock at PTML Over Two Days https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/ https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/#respond Wed, 30 Sep 2026 21:05:56 +0000 https://www.theinfostride.com/?p=462949 Nigeria’s recent efforts to stabilize the naira appear to be gaining traction, with a notable surge in vehicle imports underscoring renewed business confidence. Over just two days, 1,350 fully assembled units arrived at the Port of Tin Can Island’s Motorpark Logistics terminal (PTML), signaling an uptick in economic activity anchored on currency steadiness. Industry insiders [...]

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]]> https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/feed/ 0 Government Claims North West Nigeria’s Debt Shrunk by 42% After Reforms https://www.theinfostride.com/government-claims-north-west-nigerias-debt-shrunk-by-42-after-reforms/ https://www.theinfostride.com/government-claims-north-west-nigerias-debt-shrunk-by-42-after-reforms/#respond Wed, 30 Sep 2026 21:05:27 +0000 https://www.theinfostride.com/?p=463596 The Federal Government has announced that economic reforms and debt restructuring efforts have led to a 42 percent reduction in the debt stock of Nigeria’s North West region, marking a significant milestone in the drive to restore fiscal stability and enhance public service delivery. According to federal officials, the debt reduction comes on the back [...]

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]]> https://www.theinfostride.com/government-claims-north-west-nigerias-debt-shrunk-by-42-after-reforms/feed/ 0 CBN Reforms Show Gains as Inflation Pressures Begin to Ease https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/ https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/#respond Wed, 30 Sep 2026 21:05:25 +0000 https://www.theinfostride.com/?p=466985 Nigeria’s economy is beginning to feel the early impact of the Central Bank of Nigeria’s (CBN) sweeping reforms, as recent indicators suggest progress in the fight against inflation and the restoration of confidence in the financial system. The CBN, under the leadership of Governor Olayemi Cardoso, has introduced a series of policy measures aimed at [...]

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]]> https://www.theinfostride.com/cbn-reforms-show-gains-as-inflation-pressures-begin-to-ease/feed/ 0