Business Matters – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 12 May 2026 16:28:40 +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 Nigeria still in high-risk debt zone despite fiscal gains – NESG https://www.theinfostride.com/nigeria-still-in-high-risk-debt-zone-despite-fiscal-gains-nesg/ https://www.theinfostride.com/nigeria-still-in-high-risk-debt-zone-despite-fiscal-gains-nesg/#respond Tue, 12 May 2026 16:28:40 +0000 https://www.theinfostride.com/?p=483615 Nigeria remains classified within a high-risk debt environment despite recent fiscal improvements, according to a new assessment highlighted by the Nigerian Economic Summit Group (NESG), raising fresh concerns about the country’s debt sustainability trajectory and long-term macroeconomic stability. The report suggests that while fiscal reforms and revenue improvements have been recorded in recent periods, Nigeria’s [...]

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]]> https://www.theinfostride.com/nigeria-still-in-high-risk-debt-zone-despite-fiscal-gains-nesg/feed/ 0 Banks withdraw N1.76trn from CBN, keep more cash ahead of elections https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/ https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/#respond Tue, 12 May 2026 16:24:52 +0000 https://www.theinfostride.com/?p=483613 Commercial banks reportedly withdrew about ₦1.76 trillion from the Central Bank of Nigeria as they increased cash holdings in preparation for heightened liquidity demand typically associated with election cycles and related economic activities. The development reflects a broader trend in the financial system where banks adjust liquidity positions in response to anticipated cash demand spikes, [...]

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]]> https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/feed/ 0 Oborevwori promises more projects for Julius Berger https://www.theinfostride.com/oborevwori-promises-more-projects-for-julius-berger/ https://www.theinfostride.com/oborevwori-promises-more-projects-for-julius-berger/#respond Tue, 12 May 2026 16:15:07 +0000 https://www.theinfostride.com/?p=483609 Governor Sheriff Oborevwori has pledged continued collaboration with Julius Berger Nigeria, promising more infrastructure projects for the engineering and construction giant as Delta State intensifies efforts to expand development across critical sectors. The governor reportedly made the commitment while highlighting the importance of quality infrastructure in driving economic growth, improving transportation networks, and supporting urban [...]

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]]> https://www.theinfostride.com/oborevwori-promises-more-projects-for-julius-berger/feed/ 0 Nigerian passengers stranded as Delta flight returns to US after 8 hours mid-air https://www.theinfostride.com/nigerian-passengers-stranded-as-delta-flight-returns-to-us-after-8-hours-mid-air/ https://www.theinfostride.com/nigerian-passengers-stranded-as-delta-flight-returns-to-us-after-8-hours-mid-air/#respond Tue, 12 May 2026 16:07:15 +0000 https://www.theinfostride.com/?p=483607 Passengers traveling to Nigeria aboard a Delta Air Lines international flight were left stranded after the aircraft reportedly turned back to the United States following nearly eight hours in the air, triggering concerns among travelers and raising questions about operational disruptions affecting long-haul international routes. According to reports surrounding the incident, the flight had departed [...]

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]]> https://www.theinfostride.com/nigerian-passengers-stranded-as-delta-flight-returns-to-us-after-8-hours-mid-air/feed/ 0 Jet A1 crisis threat to aviation sector, Nigeria’s economy, NAAPE warns https://www.theinfostride.com/jet-a1-crisis-threat-to-aviation-sector-nigerias-economy-naape-warns/ https://www.theinfostride.com/jet-a1-crisis-threat-to-aviation-sector-nigerias-economy-naape-warns/#respond Tue, 12 May 2026 16:02:26 +0000 https://www.theinfostride.com/?p=483604 The National Association of Aircraft Pilots and Engineers (NAAPE) has warned that the persistent challenges surrounding Jet A1 aviation fuel supply and pricing pose a serious threat to Nigeria’s aviation sector and the broader economy. According to the association, rising aviation fuel costs, supply instability, and operational uncertainties are placing severe financial pressure on airlines, [...]

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]]> https://www.theinfostride.com/jet-a1-crisis-threat-to-aviation-sector-nigerias-economy-naape-warns/feed/ 0 AltBank deepens funding for local drug production https://www.theinfostride.com/altbank-deepens-funding-for-local-drug-production/ https://www.theinfostride.com/altbank-deepens-funding-for-local-drug-production/#respond Tue, 12 May 2026 15:55:51 +0000 https://www.theinfostride.com/?p=483601 AltBank has intensified its financial support for local pharmaceutical manufacturing as part of broader efforts to strengthen domestic drug production, improve healthcare supply chains, and reduce Nigeria’s dependence on imported medicines. The bank’s renewed funding commitment is expected to support pharmaceutical companies involved in medicine production, manufacturing expansion, equipment acquisition, and capacity development within Nigeria’s [...]

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]]> https://www.theinfostride.com/altbank-deepens-funding-for-local-drug-production/feed/ 0 Dangote Group, Norges Bank hold investment talks over $1.9trn sovereign wealth fund https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/ https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/#respond Tue, 12 May 2026 15:46:08 +0000 https://www.theinfostride.com/?p=483599 The Dangote Group has reportedly engaged in high-level investment discussions with Norges Bank Investment Management, the manager of Norway’s sovereign wealth fund valued at approximately $1.9 trillion, in a move that could strengthen international investor interest in Nigeria’s industrial and infrastructure sectors. The discussions are believed to focus on potential investment opportunities, strategic partnerships, and [...]

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]]> https://www.theinfostride.com/dangote-group-norges-bank-hold-investment-talks-over-1-9trn-sovereign-wealth-fund/feed/ 0 Shippers’ Council saves N348.8m for port users, settles 19 disputes in Q1 https://www.theinfostride.com/shippers-council-saves-n348-8m-for-port-users-settles-19-disputes-in-q1/ https://www.theinfostride.com/shippers-council-saves-n348-8m-for-port-users-settles-19-disputes-in-q1/#respond Tue, 12 May 2026 15:24:41 +0000 https://www.theinfostride.com/?p=483594 The Nigerian Shippers’ Council has announced that it saved port users approximately ₦348.8 million and resolved 19 trade-related disputes during the first quarter of the year, reinforcing its role in protecting stakeholders within Nigeria’s maritime and port sector. According to the council, the savings were achieved through interventions involving excessive charges, unfair trade practices, and [...]

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]]> https://www.theinfostride.com/shippers-council-saves-n348-8m-for-port-users-settles-19-disputes-in-q1/feed/ 0 Court stops telcos from suspending airtime credit services https://www.theinfostride.com/court-stops-telcos-from-suspending-airtime-credit-services-2/ https://www.theinfostride.com/court-stops-telcos-from-suspending-airtime-credit-services-2/#respond Tue, 12 May 2026 15:07:54 +0000 https://www.theinfostride.com/?p=483592 A court has reportedly restrained telecommunications companies from suspending airtime credit services, a decision that could have significant implications for Nigeria’s telecom sector, digital financial services ecosystem, and millions of mobile subscribers who rely on borrowed airtime for communication and data access. The ruling follows growing disputes surrounding the operation of airtime credit systems, which [...]

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]]> https://www.theinfostride.com/court-stops-telcos-from-suspending-airtime-credit-services-2/feed/ 0 NEPC boss ties export future to female entrepreneurs https://www.theinfostride.com/nepc-boss-ties-export-future-to-female-entrepreneurs/ https://www.theinfostride.com/nepc-boss-ties-export-future-to-female-entrepreneurs/#respond Mon, 11 May 2026 16:55:23 +0000 https://www.theinfostride.com/?p=483526 The Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC) has emphasized the critical role of female entrepreneurs in shaping the future of Nigeria’s non-oil export sector, stating that women-led businesses will remain central to the country’s export diversification and economic growth agenda. The NEPC leadership noted that increasing women’s participation [...]

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]]> https://www.theinfostride.com/nepc-boss-ties-export-future-to-female-entrepreneurs/feed/ 0 East Africa attracts $4.1bn investment amid reforms https://www.theinfostride.com/east-africa-attracts-4-1bn-investment-amid-reforms/ https://www.theinfostride.com/east-africa-attracts-4-1bn-investment-amid-reforms/#respond Mon, 11 May 2026 16:45:58 +0000 https://www.theinfostride.com/?p=483522 East Africa has attracted approximately $4.1 billion in investments as ongoing economic and policy reforms across the region continue to improve investor confidence and strengthen its position as one of Africa’s emerging growth corridors. The investment inflows, spread across sectors such as infrastructure, energy, manufacturing, agriculture, technology, and financial services, reflect increasing global interest in [...]

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]]> https://www.theinfostride.com/east-africa-attracts-4-1bn-investment-amid-reforms/feed/ 0 Bitget partners firm to connect Web3 learners with jobs https://www.theinfostride.com/bitget-partners-firm-to-connect-web3-learners-with-jobs/ https://www.theinfostride.com/bitget-partners-firm-to-connect-web3-learners-with-jobs/#respond Mon, 11 May 2026 16:37:06 +0000 https://www.theinfostride.com/?p=483520 Bitget has entered into a strategic partnership with a technology-focused firm to connect Web3 learners with employment opportunities, reinforcing efforts to bridge the gap between blockchain education and the rapidly expanding digital asset job market. The collaboration is aimed at supporting individuals acquiring skills in blockchain technology, decentralized finance (DeFi), cryptocurrency systems, smart contracts, and [...]

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]]> https://www.theinfostride.com/bitget-partners-firm-to-connect-web3-learners-with-jobs/feed/ 0 Nigeria, Ghana lead African small-cap rally https://www.theinfostride.com/nigeria-ghana-lead-african-small-cap-rally/ https://www.theinfostride.com/nigeria-ghana-lead-african-small-cap-rally/#respond Mon, 11 May 2026 16:31:06 +0000 https://www.theinfostride.com/?p=483518 Nigeria and Ghana have emerged as leading performers in Africa’s small-cap equities rally, with growing investor interest driving increased activity in smaller listed companies across both markets. The rally reflects renewed optimism among investors seeking higher growth opportunities in emerging African markets, particularly within sectors such as banking, consumer goods, industrials, agriculture, and technology. Analysts [...]

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]]> https://www.theinfostride.com/nigeria-ghana-lead-african-small-cap-rally/feed/ 0 Optimus Bank’s PBT rises 70% to N24.14bn https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/ https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/#respond Mon, 11 May 2026 16:26:12 +0000 https://www.theinfostride.com/?p=483515 Optimus Bank has recorded a strong financial performance with its profit before tax (PBT) rising by 70 percent to ₦24.14 billion, reflecting significant growth in earnings, customer activity, and operational expansion within Nigeria’s banking sector. The impressive increase in profitability highlights the bank’s growing market presence and the broader resilience of the financial services industry [...]

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]]> https://www.theinfostride.com/optimus-banks-pbt-rises-70-to-n24-14bn/feed/ 0 Strong assets, deposits lift UBA Q1 performance https://www.theinfostride.com/strong-assets-deposits-lift-uba-q1-performance/ https://www.theinfostride.com/strong-assets-deposits-lift-uba-q1-performance/#respond Mon, 11 May 2026 16:16:02 +0000 https://www.theinfostride.com/?p=483513 United Bank for Africa (UBA) recorded a strong first-quarter financial performance driven by growth in total assets, increased customer deposits, and improved operational efficiency, reinforcing the bank’s position as one of Africa’s leading financial institutions. The bank’s Q1 performance reflects continued expansion across its core banking operations, supported by stronger balance sheet growth, rising transaction [...]

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]]> https://www.theinfostride.com/strong-assets-deposits-lift-uba-q1-performance/feed/ 0 FATE trains 8,945 entrepreneurs, targets expansion https://www.theinfostride.com/fate-trains-8945-entrepreneurs-targets-expansion/ https://www.theinfostride.com/fate-trains-8945-entrepreneurs-targets-expansion/#respond Mon, 11 May 2026 16:12:08 +0000 https://www.theinfostride.com/?p=483508 The FATE Foundation has announced that it trained 8,945 entrepreneurs through its various enterprise and capacity-building programmes, as the organization intensifies efforts to expand its impact across Nigeria’s growing small business ecosystem. The entrepreneurship-focused institution said the training initiatives were aimed at equipping business owners, startups, and aspiring entrepreneurs with practical skills in business management, [...]

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]]> https://www.theinfostride.com/fate-trains-8945-entrepreneurs-targets-expansion/feed/ 0 ALTON warns regulatory clash threatens N400bn airtime market https://www.theinfostride.com/alton-warns-regulatory-clash-threatens-n400bn-airtime-market/ https://www.theinfostride.com/alton-warns-regulatory-clash-threatens-n400bn-airtime-market/#respond Mon, 11 May 2026 16:02:50 +0000 https://www.theinfostride.com/?p=483506 The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has warned that ongoing regulatory disputes within Nigeria’s telecommunications sector could threaten the stability of the country’s estimated ₦400 billion airtime market, raising concerns about potential disruptions to digital services, investments, and consumer access. The association expressed concern over what it described as overlapping regulations, conflicting [...]

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]]> https://www.theinfostride.com/alton-warns-regulatory-clash-threatens-n400bn-airtime-market/feed/ 0 Oil markets face uncertainty as UAE exits OPEC https://www.theinfostride.com/oil-markets-face-uncertainty-as-uae-exits-opec/ https://www.theinfostride.com/oil-markets-face-uncertainty-as-uae-exits-opec/#respond Mon, 11 May 2026 15:55:53 +0000 https://www.theinfostride.com/?p=483504 Global oil markets are facing renewed uncertainty following reports surrounding the potential exit of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC), a development that could significantly alter the balance of power within the global energy market and influence crude oil prices worldwide. The speculation has triggered concerns among [...]

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]]> https://www.theinfostride.com/oil-markets-face-uncertainty-as-uae-exits-opec/feed/ 0 Inefficient refineries should be closed – Dangote CEO https://www.theinfostride.com/inefficient-refineries-should-be-closed-dangote-ceo/ https://www.theinfostride.com/inefficient-refineries-should-be-closed-dangote-ceo/#respond Mon, 11 May 2026 15:51:01 +0000 https://www.theinfostride.com/?p=483502 The Chief Executive Officer of the Dangote Refinery has called for the closure of inefficient refineries, arguing that continued operation of non-performing facilities places unnecessary financial pressure on economies and undermines efforts to build a sustainable and competitive downstream petroleum sector. The remarks come amid ongoing debates over the future of refining operations in Nigeria [...]

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]]> https://www.theinfostride.com/inefficient-refineries-should-be-closed-dangote-ceo/feed/ 0 Nasarawa woos Dangote for expanded industrial investments https://www.theinfostride.com/nasarawa-woos-dangote-for-expanded-industrial-investments/ https://www.theinfostride.com/nasarawa-woos-dangote-for-expanded-industrial-investments/#respond Sat, 09 May 2026 15:13:50 +0000 https://www.theinfostride.com/?p=483391 The Nasarawa State Government has intensified efforts to attract expanded industrial investments from Africa’s foremost industrialist Aliko Dangote, as part of a broader strategy to boost manufacturing, create jobs, and accelerate economic development within the state. Officials in the state say they are engaging with the Dangote Group to explore opportunities for expanding existing investments [...]

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]]> https://www.theinfostride.com/nasarawa-woos-dangote-for-expanded-industrial-investments/feed/ 0 States earn N1.18tn VAT under new formula https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/ https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/#respond Sat, 09 May 2026 15:00:48 +0000 https://www.theinfostride.com/?p=483389 Nigeria’s subnational governments have collectively received about ₦1.18 trillion in Value Added Tax (VAT) allocations following adjustments to the revenue-sharing structure, reflecting shifts in fiscal distribution under the country’s evolving tax framework. The development highlights how recent reforms in revenue allocation are reshaping public finance at the state level. The VAT proceeds are distributed monthly [...]

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]]> https://www.theinfostride.com/states-earn-n1-18tn-vat-under-new-formula/feed/ 0 Afreximbank funds three new Nigerian refineries https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/ https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/#respond Sat, 09 May 2026 14:54:41 +0000 https://www.theinfostride.com/?p=483387 The African Export-Import Bank, commonly known as African Export-Import Bank, has reportedly committed funding support for three new refinery projects in Nigeria, in a move aimed at strengthening the country’s downstream petroleum capacity and reducing reliance on imported refined products. The financing initiative is expected to support ongoing efforts to expand Nigeria’s refining infrastructure, improve [...]

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]]> https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/feed/ 0 United Capital posts N28bn profit, lifts shareholder returns https://www.theinfostride.com/united-capital-posts-n28bn-profit-lifts-shareholder-returns/ https://www.theinfostride.com/united-capital-posts-n28bn-profit-lifts-shareholder-returns/#respond Sat, 09 May 2026 14:45:03 +0000 https://www.theinfostride.com/?p=483385 United Capital Plc has reported a strong financial performance, posting a profit of ₦28 billion alongside improved returns to shareholders, underscoring resilient earnings growth and continued expansion across its investment banking and asset management businesses. The company’s latest results reflect steady revenue generation from its diversified financial services portfolio, which includes investment banking, asset management, [...]

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]]> https://www.theinfostride.com/united-capital-posts-n28bn-profit-lifts-shareholder-returns/feed/ 0 FCMB, BOI loans power pharma plant expansion https://www.theinfostride.com/fcmb-boi-loans-power-pharma-plant-expansion/ https://www.theinfostride.com/fcmb-boi-loans-power-pharma-plant-expansion/#respond Sat, 09 May 2026 14:38:58 +0000 https://www.theinfostride.com/?p=483382 Access to structured financing has received a boost in Nigeria’s pharmaceutical manufacturing sector as First City Monument Bank (FCMB) and the Bank of Industry (BOI) have reportedly supported the expansion of a local pharmaceutical plant through targeted loan facilities aimed at strengthening domestic drug production capacity. The financing arrangement is part of a broader push [...]

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]]> https://www.theinfostride.com/fcmb-boi-loans-power-pharma-plant-expansion/feed/ 0 Transcorp Power rewards investors with ₦41.2bn dividend https://www.theinfostride.com/transcorp-power-rewards-investors-with-%e2%82%a641-2bn-dividend/ https://www.theinfostride.com/transcorp-power-rewards-investors-with-%e2%82%a641-2bn-dividend/#respond Sat, 09 May 2026 14:24:44 +0000 https://www.theinfostride.com/?p=483380 Shareholders of Transcorp Power Plc have received a significant boost as the company declared a total dividend payout of ₦41.2 billion, rewarding investors for a strong financial performance and improved operational efficiency in the latest fiscal period. The dividend declaration reflects what the company describes as a period of sustained revenue growth, improved plant availability, [...]

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]]> https://www.theinfostride.com/transcorp-power-rewards-investors-with-%e2%82%a641-2bn-dividend/feed/ 0 Oil rises, stocks swing as peace talk hopes wobble https://www.theinfostride.com/oil-rises-stocks-swing-as-peace-talk-hopes-wobble/ https://www.theinfostride.com/oil-rises-stocks-swing-as-peace-talk-hopes-wobble/#respond Sat, 09 May 2026 14:15:54 +0000 https://www.theinfostride.com/?p=483378 Global oil prices climbed while equity markets fluctuated as uncertainty around international peace negotiations unsettled investor sentiment, reflecting renewed volatility across energy and financial markets. Crude oil markets reacted to shifting geopolitical expectations, with traders closely monitoring developments linked to ongoing diplomatic discussions in key conflict regions. Hopes of a breakthrough in peace talks initially [...]

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]]> https://www.theinfostride.com/oil-rises-stocks-swing-as-peace-talk-hopes-wobble/feed/ 0 NNPC refineries will never work again – Obasanjo https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/ https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/#respond Sat, 09 May 2026 14:11:51 +0000 https://www.theinfostride.com/?p=483376 Former President Olusegun Obasanjo has sparked fresh debate over Nigeria’s downstream petroleum sector after stating that the country’s state-owned refineries under the Nigerian National Petroleum Company Limited (NNPC Ltd) may never function effectively again. Obasanjo made the remarks while reflecting on Nigeria’s long-standing struggle to revive its refining capacity, despite decades of investment and repeated [...]

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]]> https://www.theinfostride.com/nnpc-refineries-will-never-work-again-obasanjo/feed/ 0 Ground handlers threaten service suspension over N9bn airlines debt https://www.theinfostride.com/ground-handlers-threaten-service-suspension-over-n9bn-airlines-debt/ https://www.theinfostride.com/ground-handlers-threaten-service-suspension-over-n9bn-airlines-debt/#respond Sat, 09 May 2026 14:04:40 +0000 https://www.theinfostride.com/?p=483374 Ground handling companies operating within Nigeria’s aviation sector have threatened to suspend services over an estimated ₦9 billion debt allegedly owed by airlines, raising concerns about potential disruptions to airport operations and passenger travel across the country. Industry stakeholders warn that continued non-payment could affect critical aviation support services and further strain an already challenged [...]

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]]> https://www.theinfostride.com/ground-handlers-threaten-service-suspension-over-n9bn-airlines-debt/feed/ 0 Engineers credit Dangote with Africa’s industrial revolution https://www.theinfostride.com/engineers-credit-dangote-with-africas-industrial-revolution/ https://www.theinfostride.com/engineers-credit-dangote-with-africas-industrial-revolution/#respond Sat, 09 May 2026 13:59:38 +0000 https://www.theinfostride.com/?p=483372 Engineering professionals and industry stakeholders have credited African billionaire Aliko Dangote with playing a significant role in driving what many describe as Africa’s industrial revolution through large-scale investments in manufacturing, infrastructure, and energy development. The recognition reflects the growing influence of industrial projects associated with the Dangote Group across multiple sectors of the African economy. [...]

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]]> https://www.theinfostride.com/engineers-credit-dangote-with-africas-industrial-revolution/feed/ 0 Alumni deepen ties with Ecobank Nigeria https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/ https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/#respond Sat, 09 May 2026 13:51:45 +0000 https://www.theinfostride.com/?p=483370 Alumni associations across Nigeria are strengthening collaborative relationships with Ecobank Nigeria as part of broader efforts to expand networking opportunities, improve financial access, and support community development initiatives. The growing partnership between alumni groups and the financial institution reflects the increasing role of organized associations in driving economic engagement, entrepreneurship, and social impact. Industry observers [...]

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]]> https://www.theinfostride.com/alumni-deepen-ties-with-ecobank-nigeria/feed/ 0 Reforms must translate to growth, says NESG https://www.theinfostride.com/reforms-must-translate-to-growth-says-nesg/ https://www.theinfostride.com/reforms-must-translate-to-growth-says-nesg/#respond Sat, 09 May 2026 13:46:54 +0000 https://www.theinfostride.com/?p=483368 The Nigerian Economic Summit Group (NESG) has stressed that ongoing economic reforms in Nigeria must ultimately translate into measurable growth, improved productivity, and better living conditions for citizens if they are to achieve their intended objectives. The group emphasized that while policy reforms are necessary for long-term economic stability, their success should be evaluated based [...]

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]]> https://www.theinfostride.com/reforms-must-translate-to-growth-says-nesg/feed/ 0 Gbagada-Yaba logs 231 active short-let apartments https://www.theinfostride.com/gbagada-yaba-logs-231-active-short-let-apartments/ https://www.theinfostride.com/gbagada-yaba-logs-231-active-short-let-apartments/#respond Sat, 09 May 2026 13:42:36 +0000 https://www.theinfostride.com/?p=483366 The Gbagada-Yaba axis of Lagos has recorded 231 active short-let apartments, highlighting the rapid growth of the short-term rental market within one of the city’s most commercially vibrant and technology-driven corridors. Industry stakeholders say the increase reflects changing housing preferences, rising demand for flexible accommodation, and the growing influence of digital booking platforms in Nigeria’s [...]

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]]> https://www.theinfostride.com/gbagada-yaba-logs-231-active-short-let-apartments/feed/ 0 Dangote refinery 1.4mbpd expansion to create 95,000 jobs https://www.theinfostride.com/dangote-refinery-1-4mbpd-expansion-to-create-95000-jobs/ https://www.theinfostride.com/dangote-refinery-1-4mbpd-expansion-to-create-95000-jobs/#respond Sat, 09 May 2026 13:34:14 +0000 https://www.theinfostride.com/?p=483364 The planned expansion of the Dangote Refinery to a projected refining capacity of 1.4 million barrels per day (mbpd) is expected to generate approximately 95,000 jobs across various sectors of the Nigerian economy, according to industry stakeholders. The proposed expansion underscores the growing scale of the refinery project and its potential impact on employment, industrialization, [...]

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]]> https://www.theinfostride.com/dangote-refinery-1-4mbpd-expansion-to-create-95000-jobs/feed/ 0 Fuel hike: Aviation stakeholders seek govt help to save 2026 Hajj https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/ https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/#respond Sat, 09 May 2026 13:27:44 +0000 https://www.theinfostride.com/?p=483362 Aviation stakeholders have called on the Federal Government to urgently intervene in the wake of rising aviation fuel prices, warning that the escalating cost of operations could significantly affect preparations for the 2026 Hajj pilgrimage. Industry operators say without immediate support measures, airlines and travel operators may struggle to transport thousands of Nigerian pilgrims to [...]

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]]> https://www.theinfostride.com/fuel-hike-aviation-stakeholders-seek-govt-help-to-save-2026-hajj/feed/ 0 FG plans to borrow N700bn via April bonds https://www.theinfostride.com/fg-plans-to-borrow-n700bn-via-april-bonds/ https://www.theinfostride.com/fg-plans-to-borrow-n700bn-via-april-bonds/#respond Sat, 09 May 2026 13:20:21 +0000 https://www.theinfostride.com/?p=483228 The Federal Government is seeking to raise approximately ₦700 billion through bond issuances in April as part of its broader strategy to finance budgetary obligations, support infrastructure development, and manage public debt. The planned borrowing will be conducted through the domestic bond market under the supervision of the Debt Management Office (DMO), which is responsible [...]

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]]> https://www.theinfostride.com/fg-plans-to-borrow-n700bn-via-april-bonds/feed/ 0 Firm drives brand relaunch with consumer event https://www.theinfostride.com/firm-drives-brand-relaunch-with-consumer-event/ https://www.theinfostride.com/firm-drives-brand-relaunch-with-consumer-event/#respond Thu, 07 May 2026 12:56:05 +0000 https://www.theinfostride.com/?p=483226 A major consumer-focused event has been launched as part of a strategic brand relaunch initiative aimed at strengthening market presence, boosting customer engagement, and repositioning the company within an increasingly competitive business environment. The event, which attracted customers, industry stakeholders, influencers, and business partners, served as a platform for unveiling the company’s refreshed identity and [...]

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]]> https://www.theinfostride.com/firm-drives-brand-relaunch-with-consumer-event/feed/ 0 Moniepoint commits to deepening financial inclusion https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/ https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/#respond Wed, 06 May 2026 11:08:16 +0000 https://www.theinfostride.com/?p=483147 Nigeria’s digital finance landscape continues to expand as Moniepoint Inc has reaffirmed its commitment to deepening financial inclusion across underserved communities. The fintech firm says its strategy is focused on expanding access to banking services, improving digital payment infrastructure, and supporting small businesses that remain outside the formal financial system. Financial inclusion remains a major [...]

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]]> https://www.theinfostride.com/moniepoint-commits-to-deepening-financial-inclusion/feed/ 0 NGX foreign inflows hit N288bn in March https://www.theinfostride.com/ngx-foreign-inflows-hit-n288bn-in-march/ https://www.theinfostride.com/ngx-foreign-inflows-hit-n288bn-in-march/#respond Wed, 06 May 2026 10:59:00 +0000 https://www.theinfostride.com/?p=483145 Foreign investment inflows into Nigeria’s equities market surged to ₦288 billion in March, signaling renewed interest from offshore investors and reflecting improved sentiment around the country’s financial markets. The development marks one of the strongest monthly performances in recent times for the Nigerian Exchange Limited (NGX), as foreign participation continues to rebound following recent economic [...]

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]]> https://www.theinfostride.com/ngx-foreign-inflows-hit-n288bn-in-march/feed/ 0 Nigeria woos investors, hosts UK trade mission https://www.theinfostride.com/nigeria-woos-investors-hosts-uk-trade-mission/ https://www.theinfostride.com/nigeria-woos-investors-hosts-uk-trade-mission/#respond Wed, 06 May 2026 10:41:15 +0000 https://www.theinfostride.com/?p=483143 Nigeria has stepped up its global investment drive by hosting a high-level trade mission with stakeholders from the United Kingdom, positioning its ongoing economic reforms as a foundation for attracting foreign capital. The engagement forms part of a broader strategy by the administration of President Bola Ahmed Tinubu to strengthen investor confidence and reposition the [...]

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]]> https://www.theinfostride.com/nigeria-woos-investors-hosts-uk-trade-mission/feed/ 0 Engineering academy inducts Dangote as honorary fellow https://www.theinfostride.com/engineering-academy-inducts-dangote-as-honorary-fellow/ https://www.theinfostride.com/engineering-academy-inducts-dangote-as-honorary-fellow/#respond Wed, 06 May 2026 10:30:38 +0000 https://www.theinfostride.com/?p=483141 Nigeria’s engineering community has conferred one of its highest honours on billionaire industrialist Aliko Dangote, inducting him as an honorary fellow in recognition of his contributions to industrial development and engineering-driven enterprise. The honour was bestowed by the Nigerian Academy of Engineering during a formal ceremony attended by industry leaders, academics, and policymakers. The induction [...]

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]]> https://www.theinfostride.com/engineering-academy-inducts-dangote-as-honorary-fellow/feed/ 0 ‘Nigeria handles 25% of regional cargo traffic’ https://www.theinfostride.com/nigeria-handles-25-of-regional-cargo-traffic/ https://www.theinfostride.com/nigeria-handles-25-of-regional-cargo-traffic/#respond Wed, 06 May 2026 10:22:48 +0000 https://www.theinfostride.com/?p=483139 Nigeria accounts for approximately 25 percent of cargo traffic within its regional maritime corridor, according to industry stakeholders, underscoring the country’s strategic position as a logistics and trade hub in West Africa. The figure highlights the scale of activity across Nigerian ports and reinforces the country’s importance in facilitating the movement of goods across the [...]

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]]> https://www.theinfostride.com/nigeria-handles-25-of-regional-cargo-traffic/feed/ 0 40 new mini-grids to add 288MW capacity https://www.theinfostride.com/40-new-mini-grids-to-add-288mw-capacity/ https://www.theinfostride.com/40-new-mini-grids-to-add-288mw-capacity/#respond Wed, 06 May 2026 10:14:30 +0000 https://www.theinfostride.com/?p=483134 Nigeria’s power sector is set for a boost as plans emerge for the deployment of 40 new mini-grid projects expected to generate a combined 288 megawatts (MW) of electricity. The initiative is part of ongoing efforts to expand energy access, particularly in underserved and off-grid communities, while supporting the country’s transition toward more sustainable and [...]

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]]> https://www.theinfostride.com/40-new-mini-grids-to-add-288mw-capacity/feed/ 0 Credit Direct, vivo unveil new smartphone financing https://www.theinfostride.com/credit-direct-vivo-unveil-new-smartphone-financing/ https://www.theinfostride.com/credit-direct-vivo-unveil-new-smartphone-financing/#respond Wed, 06 May 2026 09:02:20 +0000 https://www.theinfostride.com/?p=483131 In a move aimed at expanding access to consumer technology, Credit Direct Limited has partnered with vivo to introduce a new smartphone financing scheme in Nigeria. The initiative is designed to enable individuals to acquire mobile devices through flexible payment plans, reducing the financial burden associated with upfront purchases. The collaboration reflects a growing trend [...]

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]]> https://www.theinfostride.com/credit-direct-vivo-unveil-new-smartphone-financing/feed/ 0 FAAC shares N2.04tn for March as revenue rises by N150bn https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/ https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/#respond Wed, 06 May 2026 08:48:56 +0000 https://www.theinfostride.com/?p=483128 Nigeria’s Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.04 trillion among the three tiers of government for the month of March, reflecting a notable increase in revenue generation. The latest allocation represents a rise of approximately ₦150 billion compared to previous disbursements, signaling improved inflows into the federation account. The FAAC, which [...]

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]]> https://www.theinfostride.com/faac-shares-n2-04tn-for-march-as-revenue-rises-by-n150bn/feed/ 0 Nigeria woos UK investors, pitches reforms at trade mission https://www.theinfostride.com/nigeria-woos-uk-investors-pitches-reforms-at-trade-mission/ https://www.theinfostride.com/nigeria-woos-uk-investors-pitches-reforms-at-trade-mission/#respond Wed, 06 May 2026 08:36:00 +0000 https://www.theinfostride.com/?p=483125 Nigeria has intensified efforts to attract foreign investment as government officials engaged United Kingdom stakeholders during a high-level trade mission, highlighting ongoing economic reforms and emerging opportunities across key sectors. The outreach forms part of a broader strategy by the administration of President Bola Ahmed Tinubu to reposition the country as a competitive and investor-friendly [...]

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]]> https://www.theinfostride.com/nigeria-woos-uk-investors-pitches-reforms-at-trade-mission/feed/ 0 Millions of Nigerians still lack identity despite 67.8m BVN — Expert https://www.theinfostride.com/millions-of-nigerians-still-lack-identity-despite-67-8m-bvn-expert/ https://www.theinfostride.com/millions-of-nigerians-still-lack-identity-despite-67-8m-bvn-expert/#respond Wed, 06 May 2026 08:29:03 +0000 https://www.theinfostride.com/?p=483122 Nigerians still remain without a formal identity, raising concerns about financial inclusion, national planning, and access to essential services. This was the position of industry experts who argue that while progress has been made, significant gaps persist in Nigeria’s identity management system. The BVN system, introduced by the Central Bank of Nigeria (CBN), was designed [...]

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]]> https://www.theinfostride.com/millions-of-nigerians-still-lack-identity-despite-67-8m-bvn-expert/feed/ 0 NNPC April crude supplies to Dangote cross 1bn barrels https://www.theinfostride.com/nnpc-april-crude-supplies-to-dangote-cross-1bn-barrels/ https://www.theinfostride.com/nnpc-april-crude-supplies-to-dangote-cross-1bn-barrels/#respond Wed, 06 May 2026 08:20:15 +0000 https://www.theinfostride.com/?p=483120 Crude oil supplies from the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Dangote Refinery have reportedly crossed the 1 billion barrel mark for the month of April, marking a significant milestone in Nigeria’s downstream petroleum sector. The development highlights the scale of operations between the national oil company and the privately owned refinery, [...]

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]]> https://www.theinfostride.com/nnpc-april-crude-supplies-to-dangote-cross-1bn-barrels/feed/ 0 Nigeria remains stable despite global crisis, FG insists https://www.theinfostride.com/nigeria-remains-stable-despite-global-crisis-fg-insists/ https://www.theinfostride.com/nigeria-remains-stable-despite-global-crisis-fg-insists/#respond Mon, 20 Apr 2026 11:25:51 +0000 https://www.theinfostride.com/?p=482182 The Federal Government has reiterated its position that Nigeria’s economy remains stable despite mounting global economic challenges, insisting that ongoing reforms and strategic policy interventions are helping to shield the country from severe external shocks. Officials under President Bola Ahmed Tinubu maintain that while global conditions remain volatile, Nigeria is gradually strengthening its economic foundation. [...]

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]]> https://www.theinfostride.com/nigeria-remains-stable-despite-global-crisis-fg-insists/feed/ 0 Petrol consumption hits 4.93 billion litres in Q1 https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/ https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/#respond Mon, 20 Apr 2026 11:06:34 +0000 https://www.theinfostride.com/?p=482179 Nigeria’s petrol consumption reached an estimated 4.93 billion litres in the first quarter of the year, highlighting the country’s continued reliance on Premium Motor Spirit (PMS) as a primary energy source for transportation and power generation. The figure, which reflects nationwide demand over a three-month period, underscores both the scale of domestic fuel usage and [...]

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]]> https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/feed/ 0 FG boosting business infrastructure under Tinubu — SMEDAN DG https://www.theinfostride.com/fg-boosting-business-infrastructure-under-tinubu-smedan-dg/ https://www.theinfostride.com/fg-boosting-business-infrastructure-under-tinubu-smedan-dg/#respond Mon, 20 Apr 2026 10:59:52 +0000 https://www.theinfostride.com/?p=482175 The Federal Government has intensified efforts to strengthen business infrastructure across Nigeria as part of its broader economic reform agenda under President Bola Ahmed Tinubu, according to the Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The agency says ongoing initiatives are aimed at improving the operating environment for small and [...]

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