Business Matters – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 31 Aug 2026 08:41:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 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 SMEs Need Infrastructure Beyond Financing – Senior VP, FCMB https://www.theinfostride.com/smes-need-infrastructure-beyond-financing-senior-vp-fcmb/ https://www.theinfostride.com/smes-need-infrastructure-beyond-financing-senior-vp-fcmb/#respond Mon, 31 Aug 2026 08:45:23 +0000 https://www.theinfostride.com/?p=485700 The Senior Vice President of First City Monument Bank (FCMB) has emphasized that small and medium-sized enterprises (SMEs) require more than just access to financing to thrive, stressing that adequate infrastructure, supportive ecosystems, and capacity-building initiatives are equally critical to their long-term success. Speaking on the challenges facing SMEs in Nigeria, the executive noted that [...]

Source from InfoStride News

]]> https://www.theinfostride.com/smes-need-infrastructure-beyond-financing-senior-vp-fcmb/feed/ 0 Africa Can Raise $469bn Without Tax Hikes – AfDB https://www.theinfostride.com/africa-can-raise-469bn-without-tax-hikes-afdb/ https://www.theinfostride.com/africa-can-raise-469bn-without-tax-hikes-afdb/#respond Mon, 31 Aug 2026 08:45:12 +0000 https://www.theinfostride.com/?p=485703 The African Development Bank (AfDB) has stated that African countries collectively have the capacity to mobilize up to $469 billion in additional revenue without increasing taxes, pointing instead to improved efficiency in public finance management, reduction of illicit financial flows, better debt management, and enhanced domestic resource mobilization systems. The disclosure highlights a growing focus [...]

Source from InfoStride News

]]> https://www.theinfostride.com/africa-can-raise-469bn-without-tax-hikes-afdb/feed/ 0 Consumers Can Sell Excess Solar Power to Discos – FG https://www.theinfostride.com/consumers-can-sell-excess-solar-power-to-discos-fg/ https://www.theinfostride.com/consumers-can-sell-excess-solar-power-to-discos-fg/#respond Mon, 31 Aug 2026 08:45:09 +0000 https://www.theinfostride.com/?p=485693 The Federal Government has announced that electricity consumers who generate surplus power from solar energy systems will be allowed to sell excess electricity to distribution companies (Discos), a move aimed at expanding renewable energy adoption, improving electricity access, and strengthening the country’s power supply network. The initiative forms part of broader efforts to modernize Nigeria’s [...]

Source from InfoStride News

]]> https://www.theinfostride.com/consumers-can-sell-excess-solar-power-to-discos-fg/feed/ 0 IFC, Standard Chartered Launch $300m Finance Facility https://www.theinfostride.com/ifc-standard-chartered-launch-300m-finance-facility/ https://www.theinfostride.com/ifc-standard-chartered-launch-300m-finance-facility/#respond Mon, 31 Aug 2026 08:45:07 +0000 https://www.theinfostride.com/?p=485696 The International Finance Corporation (IFC) and Standard Chartered have launched a $300 million finance facility aimed at expanding access to capital for businesses, supporting economic growth, and strengthening private sector development across emerging markets. The initiative is expected to provide much-needed financing for companies operating in key sectors of the economy, particularly those facing challenges [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ifc-standard-chartered-launch-300m-finance-facility/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 Mon, 31 Aug 2026 08:40:59 +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, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/industrialist-commends-dangote-refinery-on-petrol-supply-calls-for-diesel-price-reduction/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 Mon, 31 Aug 2026 08:35:53 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/federal-government-pushes-for-food-security-amid-agricultural-challenges/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 Mon, 31 Aug 2026 08:30:39 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-says-27-banks-secure-new-capital-in-ongoing-recapitalisation-exercise/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 Mon, 31 Aug 2026 08:30:23 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerian-army-neutralises-over-80-terrorists-rescues-34-kidnap-victims-nationwide/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 Mon, 31 Aug 2026 08:30:23 +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’ [...]

Source from InfoStride News

]]> https://www.theinfostride.com/integrated-logistics-key-to-thriving-blue-economy-oyetola/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 Mon, 31 Aug 2026 08:30:13 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/federal-government-unveils-intra-african-air-cargo-corridor-with-50-discount-for-nigerian-exporters/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 Mon, 31 Aug 2026 08:30:02 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nepad-urges-nigerians-to-build-stronger-afcfta-capacity/feed/ 0 Nigeria, Israel deepen cooperation on AI innovation https://www.theinfostride.com/nigeria-israel-deepen-cooperation-on-ai-innovation/ https://www.theinfostride.com/nigeria-israel-deepen-cooperation-on-ai-innovation/#respond Mon, 31 Aug 2026 08:25:49 +0000 https://www.theinfostride.com/?p=486715 Nigeria and Israel have moved to strengthen bilateral cooperation in artificial intelligence (AI), innovation and entrepreneurship, with both countries expressing a commitment to expanding knowledge-sharing initiatives aimed at boosting job creation, technological advancement and economic growth. The renewed collaboration was highlighted at the Entrepreneurship and Innovation Bootcamp 2026 held in Abuja, where government representatives, innovators, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigeria-israel-deepen-cooperation-on-ai-innovation/feed/ 0 Rising fuel costs squeeze airline margins – IATA https://www.theinfostride.com/rising-fuel-costs-squeeze-airline-margins-iata/ https://www.theinfostride.com/rising-fuel-costs-squeeze-airline-margins-iata/#respond Mon, 31 Aug 2026 08:25:41 +0000 https://www.theinfostride.com/?p=486752 The International Air Transport Association (IATA) has warned that soaring fuel prices are placing significant pressure on airline profitability, with carriers worldwide expected to face shrinking margins despite continued growth in passenger demand and industry revenues. According to IATA’s latest financial outlook, global airline profits are projected to decline sharply in 2026 as rising jet [...]

Source from InfoStride News

]]> https://www.theinfostride.com/rising-fuel-costs-squeeze-airline-margins-iata/feed/ 0 Federal Government certifies 131 firms under African quality mark https://www.theinfostride.com/federal-government-certifies-131-firms-under-african-quality-mark/ https://www.theinfostride.com/federal-government-certifies-131-firms-under-african-quality-mark/#respond Mon, 31 Aug 2026 08:25:14 +0000 https://www.theinfostride.com/?p=486710 The Federal Government has certified 131 Nigerian companies under the African Quality Mark (AQM) scheme, a continental certification programme designed to strengthen the competitiveness of locally manufactured products and expand market access across Africa under the African Continental Free Trade Area (AfCFTA). The certification, which covers 220 Made-in-Nigeria products, was presented during an award ceremony [...]

Source from InfoStride News

]]> https://www.theinfostride.com/federal-government-certifies-131-firms-under-african-quality-mark/feed/ 0 MTN, 37 others generated 600MW without licences – LASERC https://www.theinfostride.com/mtn-37-others-generated-600mw-without-licences-laserc/ https://www.theinfostride.com/mtn-37-others-generated-600mw-without-licences-laserc/#respond Mon, 31 Aug 2026 08:25:07 +0000 https://www.theinfostride.com/?p=486754 The Lagos State Electricity Regulatory Commission (LASERC) has disclosed that 38 companies operating electricity generation facilities across Lagos State, including MTN Nigeria, Flour Mills Nigeria and several other major industrial operators, have yet to obtain the required licences or complete regulatory regularisation under the state’s electricity framework despite repeated directives from the commission. The affected [...]

Source from InfoStride News

]]> https://www.theinfostride.com/mtn-37-others-generated-600mw-without-licences-laserc/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 Sun, 30 Aug 2026 14:50:09 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigeria-to-rank-among-worlds-top-5-economies-by-2100-ecowas-president/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 Sun, 30 Aug 2026 12:58:38 +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 [...]

Source from InfoStride News

]]> 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 Sun, 30 Aug 2026 12:58:38 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerias-equities-market-gains-n28-5-trillion-in-11-months/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 Sun, 30 Aug 2026 12:55:36 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/financial-action-task-force-grey-list-exit-restores-30bn-in-lost-investment-potential-cardoso/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 Sun, 30 Aug 2026 12:55:34 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nnpcl-invests-n17-5tn-in-securing-pipelines-and-critical-infrastructure/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 Sun, 30 Aug 2026 12:55:32 +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 [...]

Source from InfoStride News

]]> 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 Sun, 30 Aug 2026 12:55:29 +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, [...]

Source from InfoStride News

]]> 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 Sun, 30 Aug 2026 12:55:21 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/crude-other-constraints-limit-nigerias-refining-capacity-62-fg/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 Sun, 30 Aug 2026 12:55:19 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-records-n74-41tn-credit-to-private-sector-in-one-month/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 Sun, 30 Aug 2026 12:55:19 +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 [...]

Source from InfoStride News

]]> 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 Sun, 30 Aug 2026 12:55:18 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cscs-transitions-to-t2-settlement-cycle/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, 30 Aug 2026 12:50:38 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ndlea-busts-lagos-fabric-trader-behind-nigeria-ghana-drug-trafficking-ring/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 Sun, 30 Aug 2026 12:50:32 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ndic-reaffirms-adherence-to-fiscal-responsibility-act-statutory-remittance-obligations/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 Sun, 30 Aug 2026 12:50:32 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/funke-akindeles-behind-the-scenes-grosses-n1-1-billion-in-17-days/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 Sun, 30 Aug 2026 12:50:10 +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 [...]

Source from InfoStride News

]]> 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 Sun, 30 Aug 2026 12:50:06 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nuprc-evaluates-pia-impact-as-iea-highlights-sector-transformation/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 Sun, 30 Aug 2026 12:50:02 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ngx-closes-week-lower-as-investors-lose-n129bn/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 Sun, 30 Aug 2026 12:50:01 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigeria-records-38-growth-in-company-income-tax-in-h1-2025/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 Sun, 30 Aug 2026 12:45:30 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naicom-dismisses-extension-of-insurance-recapitalisation-deadline/feed/ 0 Customs Moves to End Physical Cargo Checks at Apapa Port https://www.theinfostride.com/customs-moves-to-end-physical-cargo-checks-at-apapa-port/ https://www.theinfostride.com/customs-moves-to-end-physical-cargo-checks-at-apapa-port/#respond Sat, 29 Aug 2026 15:05:21 +0000 https://www.theinfostride.com/?p=474339 The Nigeria Customs Service has announced plans to phase out routine physical examination of cargo at the Apapa Port as part of efforts to modernise port operations, enhance trade facilitation and reduce delays associated with manual inspection processes. The move aligns with broader reforms aimed at improving efficiency, transparency and revenue collection within Nigeria’s maritime [...]

Source from InfoStride News

]]> https://www.theinfostride.com/customs-moves-to-end-physical-cargo-checks-at-apapa-port/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, 29 Aug 2026 14:20:39 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/feed/ 0 PETROAN Pushes NNPC Refineries’ Privatisation by Q1 2026 https://www.theinfostride.com/petroan-pushes-nnpc-refineries-privatisation-by-q1-2026/ https://www.theinfostride.com/petroan-pushes-nnpc-refineries-privatisation-by-q1-2026/#respond Sat, 29 Aug 2026 14:20:34 +0000 https://www.theinfostride.com/?p=474331 The Petroleum Products Retail Outlets Owners Association of Nigeria has renewed calls for the privatisation of the Nigerian National Petroleum Company Limited’s refineries, urging the Federal Government to complete the process by the first quarter of 2026. The association said decisive action is needed to end decades of inefficiency, repeated rehabilitation failures and financial losses [...]

Source from InfoStride News

]]> https://www.theinfostride.com/petroan-pushes-nnpc-refineries-privatisation-by-q1-2026/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, 29 Aug 2026 14:20:28 +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 [...]

Source from InfoStride News

]]> https://www.theinfostride.com/foreign-trade-payment-rises-to-267-96-million-cbn/feed/ 0 Polaris Bank Strengthens Customer Experience, Expands Environmental Sustainability Drive https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/ https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/#respond Sat, 29 Aug 2026 14:20:26 +0000 https://www.theinfostride.com/?p=474335 Polaris Bank has reinforced its commitment to delivering improved customer experience while scaling up its environmental sustainability initiatives, as part of efforts to align business growth with responsible banking practices. The bank said the dual focus reflects its strategy to enhance service delivery, deepen customer trust and contribute meaningfully to environmental protection and sustainable development. [...]

Source from InfoStride News

]]> https://www.theinfostride.com/polaris-bank-strengthens-customer-experience-expands-environmental-sustainability-drive/feed/ 0 AfDB Group Mobilises Private Capital to Bridge Africa’s Financing Gap https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/ https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/#respond Sat, 29 Aug 2026 14:20:25 +0000 https://www.theinfostride.com/?p=474341 The African Development Bank Group has intensified efforts to mobilise private capital as part of a broader strategy to close Africa’s widening financing gap and accelerate sustainable economic development across the continent. The multilateral lender said leveraging private sector resources has become increasingly critical as public finances across many African countries come under pressure from [...]

Source from InfoStride News

]]> https://www.theinfostride.com/afdb-group-mobilises-private-capital-to-bridge-africas-financing-gap/feed/ 0 LCCI Flags Engineering, Power Gaps Hindering Industrialisation https://www.theinfostride.com/lcci-flags-engineering-power-gaps-hindering-industrialisation/ https://www.theinfostride.com/lcci-flags-engineering-power-gaps-hindering-industrialisation/#respond Sat, 29 Aug 2026 14:10:24 +0000 https://www.theinfostride.com/?p=474324 The Lagos Chamber of Commerce and Industry has raised concerns over persistent engineering capacity deficits and unreliable power supply, warning that these challenges continue to undermine Nigeria’s industrialisation drive and limit the competitiveness of local industries. The chamber said unless these structural issues are urgently addressed, the country risks falling short of its industrial development [...]

Source from InfoStride News

]]> https://www.theinfostride.com/lcci-flags-engineering-power-gaps-hindering-industrialisation/feed/ 0 Seplat to Invest in Power Sector to Tackle Nigeria’s Electricity Deficit https://www.theinfostride.com/seplat-to-invest-in-power-sector-to-tackle-nigerias-electricity-deficit/ https://www.theinfostride.com/seplat-to-invest-in-power-sector-to-tackle-nigerias-electricity-deficit/#respond Sat, 29 Aug 2026 14:10:23 +0000 https://www.theinfostride.com/?p=438137 Seplat Energy Plc, one of Nigeria’s leading indigenous energy companies, has announced a bold move to invest significantly in the country’s power sector. The initiative is part of the company’s broader strategic shift to diversify its operations and contribute to bridging the huge energy access gap in Nigeria, particularly in off-grid communities. According to the [...]

Source from InfoStride News

]]> https://www.theinfostride.com/seplat-to-invest-in-power-sector-to-tackle-nigerias-electricity-deficit/feed/ 0 Nigerians Import Fewer Cars Amid High Inflation, FX Crisis https://www.theinfostride.com/nigerians-import-fewer-cars-amid-high-inflation-fx-crisis/ https://www.theinfostride.com/nigerians-import-fewer-cars-amid-high-inflation-fx-crisis/#respond Fri, 28 Aug 2026 14:59:57 +0000 https://www.theinfostride.com/?p=404949 The importation of cars into Nigeria has declined significantly as rising inflation, foreign exchange volatility, and high import duties continue to put pressure on vehicle prices. The combination of economic challenges has made it increasingly difficult for individuals and businesses to afford imported automobiles, leading to a sharp drop in demand. Car dealers and importers [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerians-import-fewer-cars-amid-high-inflation-fx-crisis/feed/ 0 FirstBank Unveils Dollar Fund for Female Employees https://www.theinfostride.com/firstbank-unveils-dollar-fund-for-female-employees/ https://www.theinfostride.com/firstbank-unveils-dollar-fund-for-female-employees/#respond Fri, 28 Aug 2026 14:59:51 +0000 https://www.theinfostride.com/?p=404951 FirstBank has launched a specialized dollar fund aimed at supporting its female employees, reinforcing its commitment to financial empowerment and workplace inclusivity. The initiative is designed to provide female staff with access to foreign currency savings and investment opportunities, helping them build financial stability and long-term wealth. With the rising volatility of the naira and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/firstbank-unveils-dollar-fund-for-female-employees/feed/ 0 Domestic Refiners Challenge Crude Producers Over Zero Allocation https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/ https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/#respond Fri, 28 Aug 2026 14:59:48 +0000 https://www.theinfostride.com/?p=402845 Nigeria’s domestic refiners are pushing back against crude oil producers over the lack of local crude supply, accusing them of prioritizing exports while neglecting the country’s refining sector. The dispute comes as local refiners struggle to access feedstock, hindering their operations despite government efforts to boost domestic refining capacity. Operators of modular and conventional refineries [...]

Source from InfoStride News

]]> https://www.theinfostride.com/domestic-refiners-challenge-crude-producers-over-zero-allocation/feed/ 0 Tinubu’s Reforms Triple Capital Market Transactions over Two Years — NGX Chairman https://www.theinfostride.com/tinubus-reforms-triple-capital-market-transactions-over-two-years-ngx-chairman/ https://www.theinfostride.com/tinubus-reforms-triple-capital-market-transactions-over-two-years-ngx-chairman/#respond Fri, 28 Aug 2026 14:59:13 +0000 https://www.theinfostride.com/?p=466160 Nigeria’s capital market has posted a remarkable turnaround under President Bola Tinubu’s reform agenda, with the volume and value of transactions nearly tripling in just two years, according to the Chairman of the Nigerian Exchange Group (NGX), Umaru Kwairanga. Speaking during a diplomatic visit to Brazil, Kwairanga credited Tinubu’s wide-ranging interventions—particularly in the oil and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/tinubus-reforms-triple-capital-market-transactions-over-two-years-ngx-chairman/feed/ 0 Naira Reverses Gains, Depreciates at Official, Parallel Markets https://www.theinfostride.com/naira-reverses-gains-depreciates-at-official-parallel-markets/ https://www.theinfostride.com/naira-reverses-gains-depreciates-at-official-parallel-markets/#respond Fri, 28 Aug 2026 14:55:43 +0000 https://www.theinfostride.com/?p=404945 The naira has lost ground against the dollar, reversing its recent gains in both the official and parallel markets. The local currency, which had shown signs of stability in previous weeks, depreciated amid renewed pressure from forex demand, liquidity concerns, and economic uncertainties. At the official foreign exchange market, the naira weakened as traders and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/naira-reverses-gains-depreciates-at-official-parallel-markets/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 Fri, 28 Aug 2026 14:55:06 +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 [...]

Source from InfoStride News

]]> 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 FIRS Accredits PwC as System Integrator for E-Invoicing https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/ https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/#respond Fri, 28 Aug 2026 14:50:05 +0000 https://www.theinfostride.com/?p=474328 The Federal Inland Revenue Service has accredited PricewaterhouseCoopers as a system integrator for Nigeria’s electronic invoicing initiative, marking a significant step in the country’s efforts to modernise tax administration, improve compliance and enhance revenue mobilisation. The accreditation positions PwC to support businesses and the tax authority in the implementation of the national e-invoicing framework. The [...]

Source from InfoStride News

]]> https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/feed/ 0 Port Harcourt Refinery Supplies Diesel Despite Shutdown – NMDPRA https://www.theinfostride.com/port-harcourt-refinery-supplies-diesel-despite-shutdown-nmdpra/ https://www.theinfostride.com/port-harcourt-refinery-supplies-diesel-despite-shutdown-nmdpra/#respond Fri, 28 Aug 2026 14:45:00 +0000 https://www.theinfostride.com/?p=474326 The Nigerian Midstream and Downstream Petroleum Regulatory Authority has clarified that the Port Harcourt Refining Company has been supplying diesel to the domestic market despite the refinery not being fully operational. The regulator said the development reflects interim arrangements put in place to support fuel availability while rehabilitation works at the facility continue. NMDPRA explained [...]

Source from InfoStride News

]]> https://www.theinfostride.com/port-harcourt-refinery-supplies-diesel-despite-shutdown-nmdpra/feed/ 0