Business Matters – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 24 Jun 2026 16:24:14 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 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 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 Wed, 24 Jun 2026 16:24:14 +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 [...]

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]]> https://www.theinfostride.com/federal-government-certifies-131-firms-under-african-quality-mark/feed/ 0 MTN, SMEDAN target 5m MSMEs with digital platform https://www.theinfostride.com/mtn-smedan-target-5m-msmes-with-digital-platform/ https://www.theinfostride.com/mtn-smedan-target-5m-msmes-with-digital-platform/#respond Wed, 24 Jun 2026 16:05:40 +0000 https://www.theinfostride.com/?p=486708 MTN Nigeria and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have intensified efforts to support the growth of micro, small and medium enterprises (MSMEs) through the expansion of the mySMEville digital platform, with an ambitious target of reaching five million businesses across the country. The initiative is designed to address critical challenges [...]

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]]> https://www.theinfostride.com/mtn-smedan-target-5m-msmes-with-digital-platform/feed/ 0 Election risks may weigh on stocks again – GTI https://www.theinfostride.com/election-risks-may-weigh-on-stocks-again-gti/ https://www.theinfostride.com/election-risks-may-weigh-on-stocks-again-gti/#respond Wed, 24 Jun 2026 15:56:25 +0000 https://www.theinfostride.com/?p=486705 Nigeria’s stock market may face renewed pressure in the second half of 2026 as investors begin to factor in political uncertainties ahead of the 2027 general elections, according to a new report by GTI Research. The investment research firm warned that historical trading patterns observed during previous pre-election cycles suggest that the Nigerian equities market [...]

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]]> https://www.theinfostride.com/election-risks-may-weigh-on-stocks-again-gti/feed/ 0 Cascador Expands Support for Startups with $5m Fund https://www.theinfostride.com/cascador-expands-support-for-startups-with-5m-fund/ https://www.theinfostride.com/cascador-expands-support-for-startups-with-5m-fund/#respond Wed, 24 Jun 2026 15:47:49 +0000 https://www.theinfostride.com/?p=486702 Cascador, a leading accelerator dedicated to empowering African entrepreneurs, has announced a major expansion of its support for startups through the launch of a new $5 million funding initiative aimed at helping high-potential businesses scale their operations and increase their impact across the continent. The initiative marks a significant milestone in Cascador’s mission to strengthen [...]

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]]> https://www.theinfostride.com/cascador-expands-support-for-startups-with-5m-fund/feed/ 0 Labour Drags Govt Before ILO Over Workers’ Rights Abuses https://www.theinfostride.com/labour-drags-govt-before-ilo-over-workers-rights-abuses/ https://www.theinfostride.com/labour-drags-govt-before-ilo-over-workers-rights-abuses/#respond Thu, 18 Jun 2026 14:00:25 +0000 https://www.theinfostride.com/?p=486323 Labour unions have formally escalated allegations of workers’ rights violations against the government to the International Labour Organization (ILO), citing concerns over poor labour conditions, alleged breaches of collective bargaining agreements, and what they describe as a pattern of disregard for internationally recognized labour standards. The move marks a significant step in the long-running tensions [...]

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]]> https://www.theinfostride.com/labour-drags-govt-before-ilo-over-workers-rights-abuses/feed/ 0 APPO Confirms Sept Launch for Energy Bank https://www.theinfostride.com/appo-confirms-sept-launch-for-energy-bank/ https://www.theinfostride.com/appo-confirms-sept-launch-for-energy-bank/#respond Thu, 18 Jun 2026 13:51:20 +0000 https://www.theinfostride.com/?p=486320 The African Petroleum Producers’ Organisation (APPO) has confirmed that the long-anticipated Africa Energy Bank (AEB) is now scheduled to commence operations in September 2026, marking a major milestone in the continent’s effort to create a dedicated financing institution for energy infrastructure and development projects. The confirmation follows several years of planning, restructuring, and postponements that [...]

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]]> https://www.theinfostride.com/appo-confirms-sept-launch-for-energy-bank/feed/ 0 Stakeholders Tackle Dairy Nutrition Misinformation https://www.theinfostride.com/stakeholders-tackle-dairy-nutrition-misinformation/ https://www.theinfostride.com/stakeholders-tackle-dairy-nutrition-misinformation/#respond Thu, 18 Jun 2026 13:43:24 +0000 https://www.theinfostride.com/?p=486317 Health experts, nutrition advocates, and food industry stakeholders have intensified efforts to address the growing spread of misinformation around dairy nutrition, warning that inaccurate claims about milk and dairy products could undermine public health outcomes, particularly among children and vulnerable populations. The renewed push comes amid increasing concerns that social media platforms and unverified online [...]

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]]> https://www.theinfostride.com/stakeholders-tackle-dairy-nutrition-misinformation/feed/ 0 Industries Can Rebound with Naira-for-Crude, Tax Reforms — MAN https://www.theinfostride.com/industries-can-rebound-with-naira-for-crude-tax-reforms-man/ https://www.theinfostride.com/industries-can-rebound-with-naira-for-crude-tax-reforms-man/#respond Thu, 18 Jun 2026 13:33:53 +0000 https://www.theinfostride.com/?p=486314 The Manufacturers Association of Nigeria (MAN) has stated that Nigeria’s industrial sector could experience a meaningful rebound if ongoing policy initiatives such as the naira-for-crude arrangement and planned tax reforms are effectively implemented and sustained. According to the association, the combination of improved access to locally priced crude oil and a more efficient tax structure [...]

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]]> https://www.theinfostride.com/industries-can-rebound-with-naira-for-crude-tax-reforms-man/feed/ 0 ‘Africa’s Payments Boom Exposes Regulatory, Infrastructure Gaps’ https://www.theinfostride.com/africas-payments-boom-exposes-regulatory-infrastructure-gaps/ https://www.theinfostride.com/africas-payments-boom-exposes-regulatory-infrastructure-gaps/#respond Thu, 18 Jun 2026 13:15:46 +0000 https://www.theinfostride.com/?p=486312 Africa’s rapidly expanding digital payments ecosystem is growing at an unprecedented pace, but industry stakeholders and analysts say the boom is also exposing deep regulatory inconsistencies and infrastructure gaps that could slow long-term financial inclusion and cross-border efficiency if not urgently addressed. Across the continent, mobile money platforms, fintech startups, and digital banking solutions have [...]

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]]> https://www.theinfostride.com/africas-payments-boom-exposes-regulatory-infrastructure-gaps/feed/ 0 Economists Question Oyo N200bn Bond Timing https://www.theinfostride.com/economists-question-oyo-n200bn-bond-timing/ https://www.theinfostride.com/economists-question-oyo-n200bn-bond-timing/#respond Thu, 18 Jun 2026 12:51:20 +0000 https://www.theinfostride.com/?p=486306 Economists and financial analysts have raised concerns over the timing of Oyo State Government’s planned N200 billion bond issuance, arguing that prevailing economic conditions, high interest rates, and increasing debt servicing obligations warrant careful consideration before proceeding with a large-scale borrowing programme. The proposed bond, which is expected to be used to finance infrastructure and [...]

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]]> https://www.theinfostride.com/economists-question-oyo-n200bn-bond-timing/feed/ 0 Fortis Global Insurance Posts N1.89bn Loss https://www.theinfostride.com/fortis-global-insurance-posts-n1-89bn-loss/ https://www.theinfostride.com/fortis-global-insurance-posts-n1-89bn-loss/#respond Thu, 18 Jun 2026 12:25:39 +0000 https://www.theinfostride.com/?p=486297 Fortis Global Insurance Plc has reported a loss of N1.89 billion, reflecting the challenges facing insurance operators in an environment marked by economic volatility, rising operating costs, inflationary pressures, and evolving regulatory requirements. The financial performance, disclosed in the company’s latest results, highlights the difficult operating conditions confronting many players within Nigeria’s insurance industry. Despite [...]

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]]> https://www.theinfostride.com/fortis-global-insurance-posts-n1-89bn-loss/feed/ 0 Wema Bank Returns as Fashion Souk Headline Sponsor https://www.theinfostride.com/wema-bank-returns-as-fashion-souk-headline-sponsor/ https://www.theinfostride.com/wema-bank-returns-as-fashion-souk-headline-sponsor/#respond Thu, 18 Jun 2026 12:20:00 +0000 https://www.theinfostride.com/?p=486285 Wema Bank has returned as the headline sponsor of Fashion Souk, reaffirming its commitment to supporting Nigeria’s creative economy, promoting entrepreneurship, and empowering businesses operating within the fashion, beauty, lifestyle, and creative industries. The bank’s renewed partnership with the popular fashion and lifestyle event highlights the growing recognition of the creative sector as an important [...]

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]]> https://www.theinfostride.com/wema-bank-returns-as-fashion-souk-headline-sponsor/feed/ 0 Ecobank Shareholders Approve $40m Dividend https://www.theinfostride.com/ecobank-shareholders-approve-40m-dividend/ https://www.theinfostride.com/ecobank-shareholders-approve-40m-dividend/#respond Thu, 18 Jun 2026 12:11:00 +0000 https://www.theinfostride.com/?p=486282 Shareholders of Ecobank Transnational Incorporated (ETI) have approved a dividend payout of $40 million, reaffirming confidence in the pan-African banking group’s financial performance, strategic direction, and commitment to delivering value to investors across its markets of operation. The approval was granted at the company’s annual general meeting, where shareholders reviewed the bank’s financial results, assessed [...]

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]]> https://www.theinfostride.com/ecobank-shareholders-approve-40m-dividend/feed/ 0 CBN Raises Foreign Tuition Limit to $25,000 https://www.theinfostride.com/cbn-raises-foreign-tuition-limit-to-25000/ https://www.theinfostride.com/cbn-raises-foreign-tuition-limit-to-25000/#respond Thu, 18 Jun 2026 12:07:49 +0000 https://www.theinfostride.com/?p=486280 The Central Bank of Nigeria (CBN) has increased the allowable foreign exchange limit for overseas tuition payments to $25,000, a move expected to provide relief to Nigerian students studying abroad and their families amid rising global education costs and foreign exchange challenges. The adjustment is aimed at improving access to foreign currency for educational expenses [...]

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]]> https://www.theinfostride.com/cbn-raises-foreign-tuition-limit-to-25000/feed/ 0 Shareholders Commend Greenwich Performance at Maiden AGM https://www.theinfostride.com/shareholders-commend-greenwich-performance-at-maiden-agm/ https://www.theinfostride.com/shareholders-commend-greenwich-performance-at-maiden-agm/#respond Thu, 18 Jun 2026 12:03:45 +0000 https://www.theinfostride.com/?p=486045 Shareholders of Greenwich Holdings Limited have commended the company’s performance and strategic direction at its maiden Annual General Meeting (AGM), expressing confidence in its governance structure, operational growth, and long-term value creation prospects.   The AGM, which brought together investors, board members, and management executives, provided an opportunity for the company to present its financial [...]

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]]> https://www.theinfostride.com/shareholders-commend-greenwich-performance-at-maiden-agm/feed/ 0 NGX Sheds N581bn as Market Slump Enters Fourth Day https://www.theinfostride.com/ngx-sheds-n581bn-as-market-slump-enters-fourth-day/ https://www.theinfostride.com/ngx-sheds-n581bn-as-market-slump-enters-fourth-day/#respond Mon, 15 Jun 2026 09:05:12 +0000 https://www.theinfostride.com/?p=486043 The Nigerian Exchange (NGX) recorded a loss of N581 billion in market capitalization as bearish sentiment persisted across the equities market, extending the current downturn to a fourth consecutive trading session. The sustained decline reflects increased profit-taking activities, cautious investor sentiment, and selling pressure across key sectors of the market. Market data showed that the [...]

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]]> https://www.theinfostride.com/ngx-sheds-n581bn-as-market-slump-enters-fourth-day/feed/ 0 Power Outages: NERC Orders Compensation for Band-A Customers https://www.theinfostride.com/power-outages-nerc-orders-compensation-for-band-a-customers/ https://www.theinfostride.com/power-outages-nerc-orders-compensation-for-band-a-customers/#respond Mon, 15 Jun 2026 09:00:38 +0000 https://www.theinfostride.com/?p=486041 The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies to compensate Band-A customers affected by prolonged power outages and service failures, reinforcing regulatory efforts to ensure that consumers receive the level of electricity supply promised under the country’s service-based tariff framework. The directive follows growing concerns from consumers over persistent power interruptions despite [...]

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]]> https://www.theinfostride.com/power-outages-nerc-orders-compensation-for-band-a-customers/feed/ 0 First Bank, Housing Ministry Launch Single-Digit Mortgage Scheme https://www.theinfostride.com/firstbank-housing-ministry-launch-single-digit-mortgage-scheme/ https://www.theinfostride.com/firstbank-housing-ministry-launch-single-digit-mortgage-scheme/#respond Mon, 15 Jun 2026 08:38:04 +0000 https://www.theinfostride.com/?p=486039 First Bank, in partnership with the Federal Ministry of Housing and Urban Development, has launched a single-digit mortgage scheme aimed at improving access to affordable housing finance and expanding homeownership opportunities for Nigerians. The initiative is expected to provide prospective homeowners with access to mortgage facilities at interest rates significantly lower than prevailing commercial lending [...]

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]]> https://www.theinfostride.com/firstbank-housing-ministry-launch-single-digit-mortgage-scheme/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 Tue, 09 Jun 2026 18:25:12 +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 [...]

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]]> https://www.theinfostride.com/africa-can-raise-469bn-without-tax-hikes-afdb/feed/ 0 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 Tue, 09 Jun 2026 18:17:23 +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 [...]

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]]> https://www.theinfostride.com/smes-need-infrastructure-beyond-financing-senior-vp-fcmb/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 Tue, 09 Jun 2026 18:05:07 +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 [...]

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]]> https://www.theinfostride.com/ifc-standard-chartered-launch-300m-finance-facility/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 Tue, 09 Jun 2026 17:53:09 +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 [...]

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]]> https://www.theinfostride.com/consumers-can-sell-excess-solar-power-to-discos-fg/feed/ 0 Quest Merchant Bank Strengthens Position with Stable Rating https://www.theinfostride.com/quest-merchant-bank-strengthens-position-with-stable-rating/ https://www.theinfostride.com/quest-merchant-bank-strengthens-position-with-stable-rating/#respond Tue, 09 Jun 2026 17:45:31 +0000 https://www.theinfostride.com/?p=485690 Quest Merchant Bank has reinforced its standing within Nigeria’s financial services industry following the affirmation of its credit rating with a stable outlook, a development that reflects confidence in the institution’s financial health, risk management practices, and long-term growth strategy. The rating affirmation comes at a time when financial institutions are navigating a challenging operating [...]

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]]> https://www.theinfostride.com/quest-merchant-bank-strengthens-position-with-stable-rating/feed/ 0 CardinalStone Completes N21bn Fidson Rights Issue https://www.theinfostride.com/cardinalstone-completes-n21bn-fidson-rights-issue/ https://www.theinfostride.com/cardinalstone-completes-n21bn-fidson-rights-issue/#respond Tue, 09 Jun 2026 17:37:12 +0000 https://www.theinfostride.com/?p=485684 CardinalStone has successfully completed the N21 billion rights issue undertaken by Fidson Healthcare Plc, marking a significant milestone in the pharmaceutical company’s growth strategy and highlighting sustained investor confidence in Nigeria’s healthcare sector and capital market. The completion of the rights issue represents a major capital-raising achievement for Fidson Healthcare, one of Nigeria’s leading pharmaceutical [...]

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]]> https://www.theinfostride.com/cardinalstone-completes-n21bn-fidson-rights-issue/feed/ 0 Sundry Markets Expands to Over 40 Stores Nationwide https://www.theinfostride.com/sundry-markets-expands-to-over-40-stores-nationwide/ https://www.theinfostride.com/sundry-markets-expands-to-over-40-stores-nationwide/#respond Tue, 09 Jun 2026 17:30:31 +0000 https://www.theinfostride.com/?p=485647 Sundry Markets, one of Nigeria’s leading retail supermarket chains, has expanded its footprint to more than 40 stores across the country, underscoring its growing presence in the nation’s fast-evolving retail sector and its commitment to improving consumer access to quality products and shopping experiences. The milestone reflects the company’s steady growth strategy, which has focused [...]

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]]> https://www.theinfostride.com/sundry-markets-expands-to-over-40-stores-nationwide/feed/ 0 Petrol Price Soars 643% in Three Years https://www.theinfostride.com/petrol-price-soars-643-in-three-years/ https://www.theinfostride.com/petrol-price-soars-643-in-three-years/#respond Tue, 09 Jun 2026 09:15:32 +0000 https://www.theinfostride.com/?p=485643 The price of petrol in Nigeria has increased by 643 per cent over the past three years, reflecting a dramatic shift in the country’s downstream petroleum market following sweeping policy changes, subsidy removal, exchange rate pressures, and global oil market volatility. The sharp rise has significantly altered transportation costs, household budgets, and business operating expenses [...]

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]]> https://www.theinfostride.com/petrol-price-soars-643-in-three-years/feed/ 0 Oil Workers Shut NUPRC Offices Over Welfare Dispute https://www.theinfostride.com/oil-workers-shut-nuprc-offices-over-welfare-dispute/ https://www.theinfostride.com/oil-workers-shut-nuprc-offices-over-welfare-dispute/#respond Tue, 09 Jun 2026 09:03:23 +0000 https://www.theinfostride.com/?p=485641 Operations at several offices of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were disrupted on Monday as oil workers embarked on a protest action over unresolved welfare issues, leading to the temporary shutdown of activities and restricted access to key regulatory facilities. The industrial action, led by petroleum industry workers under their respective labour associations, [...]

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]]> https://www.theinfostride.com/oil-workers-shut-nuprc-offices-over-welfare-dispute/feed/ 0 Nigeria Capital Market Begins Shorter Settlement Cycle https://www.theinfostride.com/nigeria-capital-market-begins-shorter-settlement-cycle/ https://www.theinfostride.com/nigeria-capital-market-begins-shorter-settlement-cycle/#respond Tue, 09 Jun 2026 08:53:07 +0000 https://www.theinfostride.com/?p=485638 The Nigerian capital market has officially commenced a shorter settlement cycle for securities transactions, marking a significant milestone in the ongoing modernization of the country’s financial system. The transition is expected to improve market efficiency, enhance liquidity, and align Nigeria’s market operations with global best practices. The new settlement structure reduces the time required to [...]

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]]> https://www.theinfostride.com/nigeria-capital-market-begins-shorter-settlement-cycle/feed/ 0 MTN Empowers Youth with Digital Commerce Tools https://www.theinfostride.com/mtn-empowers-youth-with-digital-commerce-tools/ https://www.theinfostride.com/mtn-empowers-youth-with-digital-commerce-tools/#respond Tue, 09 Jun 2026 08:45:59 +0000 https://www.theinfostride.com/?p=485636 MTN has intensified its efforts to support youth empowerment in Nigeria through the rollout of digital commerce tools designed to enhance entrepreneurship, improve digital skills, and expand access to income-generating opportunities. The initiative is part of the company’s broader commitment to digital inclusion and economic development across its markets. The telecommunications giant stated that the [...]

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]]> https://www.theinfostride.com/mtn-empowers-youth-with-digital-commerce-tools/feed/ 0 FRC targets schools to bridge actuarial gap https://www.theinfostride.com/frc-targets-schools-to-bridge-actuarial-gap/ https://www.theinfostride.com/frc-targets-schools-to-bridge-actuarial-gap/#respond Tue, 09 Jun 2026 08:38:35 +0000 https://www.theinfostride.com/?p=485634 The Financial Reporting Council (FRC) has announced a renewed push to engage tertiary institutions as part of efforts to address the growing shortage of actuarial professionals in Nigeria. The initiative is aimed at strengthening the talent pipeline in a field that is increasingly seen as critical to insurance, pensions, risk management, and broader financial stability. [...]

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]]> https://www.theinfostride.com/frc-targets-schools-to-bridge-actuarial-gap/feed/ 0 TAJBank Grows Assets to N1.34tn, Maintains Lead https://www.theinfostride.com/tajbank-grows-assets-to-n1-34tn-maintains-lead/ https://www.theinfostride.com/tajbank-grows-assets-to-n1-34tn-maintains-lead/#respond Tue, 09 Jun 2026 08:30:53 +0000 https://www.theinfostride.com/?p=485632 TAJBank has reported a significant expansion in its total assets, which rose to N1.34 trillion, reinforcing its position as one of the fast-growing non-interest financial institutions in Nigeria. The development reflects continued balance sheet growth, rising customer confidence, and sustained adoption of its ethical banking model. The bank’s latest performance highlights the increasing relevance of [...]

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]]> https://www.theinfostride.com/tajbank-grows-assets-to-n1-34tn-maintains-lead/feed/ 0 OPay Drives Financial Inclusion for Millions, Creates Jobs https://www.theinfostride.com/opay-drives-financial-inclusion-for-millions-creates-jobs/ https://www.theinfostride.com/opay-drives-financial-inclusion-for-millions-creates-jobs/#respond Tue, 09 Jun 2026 08:22:02 +0000 https://www.theinfostride.com/?p=485630 Digital financial services company OPay has reported significant progress in expanding financial inclusion across Nigeria, stating that its platform now serves millions of users while also contributing to job creation through its growing agent and merchant network. The company noted that its expansion is closely tied to Nigeria’s broader financial inclusion agenda, which aims to [...]

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]]> https://www.theinfostride.com/opay-drives-financial-inclusion-for-millions-creates-jobs/feed/ 0 Abbey Mortgage Bank Drives Financial Inclusion https://www.theinfostride.com/abbey-mortgage-bank-drives-financial-inclusion/ https://www.theinfostride.com/abbey-mortgage-bank-drives-financial-inclusion/#respond Tue, 09 Jun 2026 08:15:54 +0000 https://www.theinfostride.com/?p=485627 Abbey Mortgage Bank has reaffirmed its commitment to expanding access to financial services across underserved communities in Nigeria, as part of its broader strategy to promote financial inclusion and support affordable housing development in the country. The bank’s management disclosed that its ongoing initiatives are designed to bridge the gap between formal financial services and [...]

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]]> https://www.theinfostride.com/abbey-mortgage-bank-drives-financial-inclusion/feed/ 0 NGX Turnover Slips to 2.39bn Shares in Short Week https://www.theinfostride.com/ngx-turnover-slips-to-2-39bn-shares-in-short-week/ https://www.theinfostride.com/ngx-turnover-slips-to-2-39bn-shares-in-short-week/#respond Tue, 09 Jun 2026 08:07:27 +0000 https://www.theinfostride.com/?p=485625 Trading activity on the Nigerian Exchange (NGX) recorded a decline during the shortened trading week, with total turnover falling to 2.39 billion shares as investors adjusted their positions amid a reduced number of market sessions and evolving economic conditions. Market data showed that the volume of shares traded during the week was lower than the [...]

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]]> https://www.theinfostride.com/ngx-turnover-slips-to-2-39bn-shares-in-short-week/feed/ 0 Savannah Energy Revenue Hits $104m in Four Months https://www.theinfostride.com/savannah-energy-revenue-hits-104m-in-four-months/ https://www.theinfostride.com/savannah-energy-revenue-hits-104m-in-four-months/#respond Tue, 09 Jun 2026 08:00:20 +0000 https://www.theinfostride.com/?p=485622 Savannah Energy has reported revenue of $104 million for the first four months of the year, reflecting strong operational performance and continued growth across its portfolio of energy assets. The announcement highlights the company’s ability to maintain stable production levels, strengthen cash generation, and capitalize on growing energy demand in its key markets. The revenue [...]

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]]> https://www.theinfostride.com/savannah-energy-revenue-hits-104m-in-four-months/feed/ 0 TIP acquires 20% Ugandan stake for African expansion https://www.theinfostride.com/tip-acquires-20-ugandan-stake-for-african-expansion/ https://www.theinfostride.com/tip-acquires-20-ugandan-stake-for-african-expansion/#respond Tue, 09 Jun 2026 07:54:59 +0000 https://www.theinfostride.com/?p=485619 firm TIP has acquired a 20 per cent stake in a Ugandan enterprise as part of its broader strategy to strengthen its presence across Africa and accelerate regional growth opportunities. The acquisition marks a significant milestone in the company’s long-term expansion agenda, reflecting increasing investor confidence in East Africa’s rapidly growing economy and the continent’s [...]

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]]> https://www.theinfostride.com/tip-acquires-20-ugandan-stake-for-african-expansion/feed/ 0 NDPC Records 2,000 Cyberattacks in One Week https://www.theinfostride.com/ndpc-records-2000-cyberattacks-in-one-week/ https://www.theinfostride.com/ndpc-records-2000-cyberattacks-in-one-week/#respond Tue, 09 Jun 2026 07:43:59 +0000 https://www.theinfostride.com/?p=485616 The Nigeria Data Protection Commission (NDPC) has disclosed that it recorded over 2,000 cyberattacks targeting public and private institutions within a single week, highlighting the growing threat posed by cybercriminals to the country’s digital ecosystem. The alarming figure was revealed by the National Commissioner and Chief Executive Officer of the NDPC, who stressed the urgent [...]

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]]> https://www.theinfostride.com/ndpc-records-2000-cyberattacks-in-one-week/feed/ 0 Aviation experts fault FG’s N60bn airline relief https://www.theinfostride.com/aviation-experts-fault-fgs-n60bn-airline-relief/ https://www.theinfostride.com/aviation-experts-fault-fgs-n60bn-airline-relief/#respond Tue, 09 Jun 2026 07:31:41 +0000 https://www.theinfostride.com/?p=485614 Aviation stakeholders have expressed mixed reactions to the Federal Government’s proposed ₦60 billion intervention package for airlines, with industry experts questioning whether the relief fund is sufficient to address the structural challenges facing Nigeria’s aviation sector. The intervention, which is expected to support struggling domestic airlines facing rising operational costs, currency volatility, and fuel price [...]

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]]> https://www.theinfostride.com/aviation-experts-fault-fgs-n60bn-airline-relief/feed/ 0 Guinness backs Ojude Oba, grows brand engagement https://www.theinfostride.com/guinness-backs-ojude-oba-grows-brand-engagement/ https://www.theinfostride.com/guinness-backs-ojude-oba-grows-brand-engagement/#respond Sun, 07 Jun 2026 22:58:16 +0000 https://www.theinfostride.com/?p=485528 Guinness Nigeria has reaffirmed its support for the Ojude Oba festival in Ijebu-Ode, Ogun State, strengthening its long-standing cultural partnership strategy while deepening brand engagement with consumers across Nigeria. The company’s involvement in the annual celebration reflects its continued investment in cultural events that promote heritage, community identity, and social cohesion. Ojude Oba, one of [...]

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]]> https://www.theinfostride.com/guinness-backs-ojude-oba-grows-brand-engagement/feed/ 0 ALTON hails FCCPC suspension of telecom lending rules https://www.theinfostride.com/alton-hails-fccpc-suspension-of-telecom-lending-rules/ https://www.theinfostride.com/alton-hails-fccpc-suspension-of-telecom-lending-rules/#respond Sun, 07 Jun 2026 22:52:34 +0000 https://www.theinfostride.com/?p=485526 The Association of Licensed Telecom Operators of Nigeria has welcomed the decision by the Federal Competition and Consumer Protection Commission to suspend the implementation of new telecom lending regulations, describing the move as a relief for the industry amid ongoing concerns about compliance costs, operational clarity, and market stability. The association noted that the suspension [...]

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]]> https://www.theinfostride.com/alton-hails-fccpc-suspension-of-telecom-lending-rules/feed/ 0 ‘Illegal container sales cost Nigeria N600bn’ https://www.theinfostride.com/illegal-container-sales-cost-nigeria-n600bn/ https://www.theinfostride.com/illegal-container-sales-cost-nigeria-n600bn/#respond Sun, 07 Jun 2026 22:46:01 +0000 https://www.theinfostride.com/?p=485523 Nigeria is losing an estimated ₦600 billion annually to illegal container sales and related sharp practices within the ports and logistics value chain, according to industry concerns highlighted by maritime and trade stakeholders. The figure underscores growing worries about revenue leakages, weak enforcement mechanisms, and inefficiencies in port operations that continue to undermine government revenue [...]

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]]> https://www.theinfostride.com/illegal-container-sales-cost-nigeria-n600bn/feed/ 0 Payment system key to lifting Nigerians from poverty – Cardoso https://www.theinfostride.com/payment-system-key-to-lifting-nigerians-from-poverty-cardoso/ https://www.theinfostride.com/payment-system-key-to-lifting-nigerians-from-poverty-cardoso/#respond Sun, 07 Jun 2026 22:38:53 +0000 https://www.theinfostride.com/?p=485513 The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has emphasized that a strong, inclusive and efficient payment system remains a critical tool for reducing poverty and expanding economic opportunities for Nigerians. He stated that financial inclusion, supported by digital payment infrastructure, is central to achieving sustainable economic growth and improving access to formal [...]

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]]> https://www.theinfostride.com/payment-system-key-to-lifting-nigerians-from-poverty-cardoso/feed/ 0 Tinubu reforms stabilized economy, welfare lags – CPPE https://www.theinfostride.com/tinubu-reforms-stabilized-economy-welfare-lags-cppe/ https://www.theinfostride.com/tinubu-reforms-stabilized-economy-welfare-lags-cppe/#respond Sun, 07 Jun 2026 22:29:33 +0000 https://www.theinfostride.com/?p=485511 Nigeria’s recent economic reforms under President Bola Tinubu have contributed to macroeconomic stabilisation, but improvements in household welfare remain limited, according to a new assessment by the Centre for the Promotion of Private Enterprise (CPPE). The policy research group noted that while key macroeconomic indicators such as exchange rate stability, fiscal adjustments, and investor sentiment [...]

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]]> https://www.theinfostride.com/tinubu-reforms-stabilized-economy-welfare-lags-cppe/feed/ 0 Segilola inaugurates community projects in Osun https://www.theinfostride.com/segilola-inaugurates-community-projects-in-osun/ https://www.theinfostride.com/segilola-inaugurates-community-projects-in-osun/#respond Sun, 07 Jun 2026 22:23:49 +0000 https://www.theinfostride.com/?p=485508 Resources Operating Limited has commissioned a series of community development projects in Osun State, reinforcing its commitment to corporate social responsibility and long-term engagement with host communities where its mining operations are located. The projects, which span education, healthcare, infrastructure, water supply, and social welfare support, are aimed at improving living conditions and strengthening development [...]

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]]> https://www.theinfostride.com/segilola-inaugurates-community-projects-in-osun/feed/ 0 Banks: Bad loans rise after CBN ends forbearance https://www.theinfostride.com/banks-bad-loans-rise-after-cbn-ends-forbearance/ https://www.theinfostride.com/banks-bad-loans-rise-after-cbn-ends-forbearance/#respond Sun, 07 Jun 2026 22:08:18 +0000 https://www.theinfostride.com/?p=485506 Nigeria’s banking sector is witnessing a rise in non-performing loans (NPLs), commonly referred to as bad loans, following the expiration of regulatory forbearance measures introduced by the Central Bank of Nigeria (CBN) to support borrowers and financial institutions during periods of economic stress. Industry analysts say the development reflects the challenges facing businesses and individuals [...]

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]]> https://www.theinfostride.com/banks-bad-loans-rise-after-cbn-ends-forbearance/feed/ 0 NIESV Advocates Ground Rent as Sustainable Revenue Source for Housing and Infrastructure Development https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/ https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/#respond Fri, 29 May 2026 12:50:44 +0000 https://www.theinfostride.com/?p=425719 The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has renewed its call for the adoption of ground rent as a key strategy for revenue generation and housing affordability in Nigeria. Speaking during the 2025 Estate Surveyors’ Week held in Lagos, the Lagos State Chapter Chairman, Gbenga Ismail, emphasized that the implementation of a well-structured [...]

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]]> https://www.theinfostride.com/niesv-advocates-ground-rent-as-sustainable-revenue-source-for-housing-and-infrastructure-development/feed/ 0 CBN Records $276m Decline in IMTO Inflows https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/ https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/#respond Fri, 29 May 2026 12:50:41 +0000 https://www.theinfostride.com/?p=474333 The Central Bank of Nigeria has reported a significant drop of $276 million in foreign exchange inflows from International Money Transfer Operators, reflecting ongoing pressures in Nigeria’s external sector despite recent reforms aimed at boosting foreign currency supply. According to the apex bank, IMTO inflows declined within the latest reporting period compared with the preceding [...]

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]]> https://www.theinfostride.com/cbn-records-276m-decline-in-imto-inflows/feed/ 0 Domestic Investors Dominate NGX with ₦5.46tn Transactions in Eight Months https://www.theinfostride.com/domestic-investors-dominate-ngx-with-%e2%82%a65-46tn-transactions-in-eight-months/ https://www.theinfostride.com/domestic-investors-dominate-ngx-with-%e2%82%a65-46tn-transactions-in-eight-months/#respond Fri, 29 May 2026 12:50:39 +0000 https://www.theinfostride.com/?p=467215 The Nigerian Exchange (NGX) has disclosed that domestic investors accounted for transactions worth ₦5.46 trillion between January and August 2025, highlighting a growing shift in market participation amid fluctuating foreign interest. This surge reflects increasing confidence in Nigeria’s capital market despite economic headwinds, currency volatility, and global uncertainties. According to NGX’s latest market data, domestic [...]

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]]> https://www.theinfostride.com/domestic-investors-dominate-ngx-with-%e2%82%a65-46tn-transactions-in-eight-months/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 Fri, 29 May 2026 12:50:39 +0000 https://www.theinfostride.com/?p=474337 Nigeria’s trade surplus declined by 10 per cent in the third quarter of 2025, according to the latest foreign trade statistics released by the National Bureau of Statistics. The drop reflects a combination of weaker export earnings and sustained import demand, underscoring ongoing structural challenges in the country’s external trade performance. Data from the NBS [...]

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]]> https://www.theinfostride.com/nigerias-trade-surplus-falls-by-10-in-q3-2025-nbs/feed/ 0 Brokers Urged to Brace for Sweeping Insurance Reforms in Nigeria https://www.theinfostride.com/brokers-urged-to-brace-for-sweeping-insurance-reforms-in-nigeria-2/ https://www.theinfostride.com/brokers-urged-to-brace-for-sweeping-insurance-reforms-in-nigeria-2/#respond Fri, 29 May 2026 12:50:35 +0000 https://www.theinfostride.com/?p=425714 The Nigerian insurance industry is on the brink of major transformation as the Nigerian Insurance Industry Reform Act Bill, 2025, awaits presidential assent. Having cleared both chambers of the National Assembly, the bill introduces wide-ranging reforms that seek to overhaul the regulatory landscape, strengthen corporate governance, and enhance the overall integrity of the industry. As [...]

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