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Lagos Entrepreneurs Awards: Celebrating Innovation

18.06.2025
The sixth edition of the Lagos Young Entrepreneur Awards is set to take place this September, aiming to recognise and celebrate outstanding young entrepreneurs whose work is contributing significantly to Lagos State’s emergence as the fifth largest economy in Africa. The disclosure was made in a statement on Monday by the organisers of the event,...
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Fuel Scheme to Create Jobs

18.06.2025
The Dangote Petroleum Refinery has said its plan to distribute Premium Motor Spirit (petrol), diesel and other petroleum products to marketers will cut inflation and create jobs. In a statement on Tuesday, the firm said the distribution of fuel to petrol station operators, manufacturers, telecommunications companies, the aviation sector, and other large-scale users, with free...
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Nigeria Imports N1.2tn Crude Oil Amidst Production Slump

18.06.2025
Despite being Africa’s largest crude oil producer, Nigeria imported crude oil worth N1.19tn in the first quarter of 2025 due to poor domestic supply to local refineries, The PUNCH reports. The National Bureau of Statistics disclosed this in its latest Foreign Trade in Goods Statistics report for Q1 2025, which showed that the imported crude,...
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Project Failure: Expert Unveils New Strategy

18.06.2025
United States-based project risk management expert Jessica Beckley has unveiled a strategic risk framework aimed at addressing Nigeria’s persistent challenge of project failure, which continues to undermine development efforts across key sectors. In a note issued on Tuesday, Beckley stated that Nigeria’s infrastructure and development landscape is riddled with a troubling pattern of abandoned projects,...
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Prevent Business Fraud: Strengthen Internal Controls

18.06.2025
Chartered Accountant Francis Ohaegbu has emphasised that strong internal controls are essential for businesses seeking to prevent fraud and maintain financial integrity. In a statement issued to The PUNCH on Tuesday, Ohaegbu noted that the credibility of financial statements is central to good corporate governance and critical to the trust that stakeholders place in any...
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A Must for Nigerian Manufacturers

18.06.2025
Electric has urged Nigeria’s consumer packaged goods manufacturers to embrace sustainability strategies that align profitability with long-term resilience, warning that current market pressures are no excuse for environmental neglect. The Country President of Schneider Electric, Ajibola Akindele, said that the misconception that financial performance and environmental responsibility are mutually exclusive has become widespread in Nigeria’s...
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N50.77bn Projected by 4 Nigerian Firms

18.06.2025
Four companies listed on the Nigerian Exchange Limited have projected a combined profit after tax of N50.77bn for the third quarter ending September 30, 2025, according to earnings forecasts submitted to regulators. The companies Custodian Investment Plc, Regency Alliance Insurance Plc, STACO Insurance Plc, and Eterna Plc issued their forecast profit and cash flow statements...
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Afrinvest Equity Fund: 5.7% May Gain

18.06.2025
The Afrinvest Equity Fund sustained its performance in May, recording a 5.7 per cent gain for the month, outperforming the broader Nigerian equities market. This strong showing has boosted the fund’s year-to-date return to 14.4 per cent, up from 8.2 per cent in April. According to its mutual funds fact sheet released recently, the Nigerian...
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N8.6bn Pension Arrears Paid to 148,625 Retirees – FG

18.06.2025
The Pension Transitional Arrangement Directorate, an agency of the Federal Government, has disbursed N8.6bn as arrears of the N32,000 pension increment approved by President Bola Tinubu in 2024. According to a press statement released on Monday and signed by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the latest instalment covers all 148,625 eligible pensioners under...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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