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Nigeria Travel Fraud: Unprofessionalism Affects Travellers

07.01.2026
The Chief Executive Officer of RE360 Agent Development Limited, Elisha Olorunda, says Nigeria’s travel industry is grappling with a critical structural gap that continues to expose citizens to fraud, visa denials and financial losses. Speaking on the state of international travel advisory services in the country, Olorunda said the absence of a structured and professional...
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Firms Face N277bn Funding Gap

07.01.2026
Analysts warn that the pensions industry faces a significant challenge, as it will require about N276.8 billion to meet the new minimum capital requirements set by the National Pension Commission during this first full year of recapitalisation. According to Coronation’s Year in Review and 2026 Outlook on Nigeria, only three Pension Fund Administrators, Stanbic IBTC...
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Port Harcourt Customs Generates N731bn Revenue in 2025

07.01.2026
The Nigeria Customs Service, Port Harcourt II Command, said it collected N731bn as revenue and intercepted 75 containers in 2025. In a statement on Tuesday, the Command’s Public Relations Officer, Theophilus Duniya, a Chief Superintendent of Customs, described the feat as a remarkable milestone in the command’s revenue collection. Duniya explained that in 2025, a...
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Lagos Free Zone & BOI Partner to Boost MSME Exports

07.01.2026
Lagos Free Zone Company (Tolaram) has welcomed the Bank of Industry as a strategic investor, a move expected to accelerate the development of a dedicated hub for Micro, Small, and Medium Enterprises within the zone and promote non-oil exports through its integrated Lekki Deep Sea Port. The investment is positioned to strengthen Nigeria’s industrial ecosystem...
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LOTUS Bank appoints Ajani-Lawal as new MD/CEO

07.01.2026
The Board of LOTUS Bank has appointed Dr Isiaka Ajani-Lawal as its Managing Director/Chief Executive Officer, effective December 2025. This appointment was disclosed in a statement made available to The PUNCH on Monday. The PUNCH reports that LOTUS Bank is one of the non-interest banks in the country, with the latest appointment coming on the...
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Transformer Fire Plunges Parts of Katsina into Darkness

07.01.2026
Parts of the Katsina metropolis were thrown into darkness following a fire incident involving a 15 MVA power transformer at the IBB Way Injection Substation, the Kano Electricity Distribution Company has said. In a public notice issued on Monday by the Head of Corporate Communication at KEDCO, Sani Bala Sani, the DisCo disclosed that the...
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How local refining prevents N1,400/litre petrol in Nigeria

07.01.2026
Dangote Petroleum Refinery has warned that petrol pump prices could rise to as much as N1,400 per litre if Nigeria relies solely on fuel imports, stressing that large-scale domestic refining has become a critical stabilising force in the downstream petroleum market. The refinery gave the warning on Monday while dismissing reports that it was shutting...
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Court Orders Status Quo in Nigerian Oil Fields Dispute

06.01.2026
The Federal High Court in Abuja on Monday ordered the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and other defendants in a suit over four oil fields to maintain the status quo pending the hearing and determination of the case. Justice Emeka Nwite gave the order after counsel to the plaintiffs, Ambrose Unaeze,...
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Africa urged to support Venezuelan energy stability

06.01.2026
The African Energy Chamber has called on Nigeria and other Global South nations to support Venezuela at a critical moment, stressing that political stability and institutional continuity are essential for the country’s oil-led economic recovery. The call follows heightened uncertainty in Venezuela after the detention of the country’s president by the United States and the...
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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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