The Punch Verified

2 days, 9 hours ago Business

EFCC arraigns Blessing CEO over alleged fresh N13m medical fraud

Justice Yellim Bogoro of the Federal High Court, in Lagos, on Wednesday ordered the remand of popular social media influencer and self-styled relationship therapist, Blessing Okoro, fondly called Blessing CEO, in the custody of the Nigerian Correctional Service pending the commencement of her trial…

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2 days, 10 hours ago Business

Court orders bank to reinstate sacked employee, awards N5.5m damages

The National Industrial Court of Nigeria, Lagos Division, has ordered a bank to withdraw the dismissal of a former employee, Mr Tajudeen Balogun, and awarded him N5.5m in damages after finding that the bank wrongfully terminated his employment based on incorrect information supplied by Obafemi Awol…

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2 days, 13 hours ago Business

CMSA summit targets sustainable growth, investor confidence

The Capital Market Solicitors Association has said its 2026 Annual Business Summit will focus on strengthening the structural foundations of Nigeria’s capital market, deepening investor confidence and promoting sustainable growth beyond temporary market rallies. During a press briefing on Wednesday…

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2 days, 13 hours ago Business

‘Feedstock issues cut Dangote petrol production capacity’

The Dangote Petroleum Refinery has reduced operations at its gasoline-producing unit by about 34 per cent since May 21 due to a combination of feedstock constraints and technical issues, according to a Reuters report citing industry monitor IIR Energy. The development comes amid heightened concerns…

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5 days, 9 hours ago Business

Marketing leaders call for expanded CMO role

Marketing leaders, business executives and communications experts have called for a redefinition of the Chief Marketing Officer’s role, urging marketers to move beyond traditional brand management and focus on enterprise leadership, business growth and value creation. The call was made on Thursday …

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5 days, 15 hours ago Business

Mutual Benefits records strong growth across key metrics

Mutual Benefits Assurance Plc has announced its audited financial results for the year ended 31 December 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet. The results underscore the company’s …

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5 days, 15 hours ago Business

Panic as fire guts Osun plastic warehouse

Panic gripped residents and traders in the Old Garage area of Osogbo, Osun State, on Sunday after a fire engulfed a warehouse used for storing plastic containers. The affected facility is located close to a filling station and the Dugbe Divisional Headquarters of the Nigeria Police Force, raising f…

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5 days, 15 hours ago Business

Farooq Oreagba: From sidestream to mainstream

I was sitting on my three-seater chair with its peeling leather in my 2-by-2-metre apartment when I heard a voice: “Egbon, ba yi si?” Looking up, I discovered it was Saheed Olugbon, a serial award-winning photographer, who plies his trade with the most widely read newspaper headquartered in a gigan…

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1 week, 6 days ago Business

Police arrest security guard for stealing motor spare parts in Ogun

Operatives of Owode-Egba Division of the Ogun State Police Command have arrested a 32-year-old security guard, Friday Ayuba, for allegedly stealing motor spare parts belonging to his employer at Ita-Asu Village, via Owode-Egba. The spokesperson of the state police command, DSP Oluseyi Babaseyi, dis…

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1 week, 6 days ago Business

Near-fatal electric shock at work led to my disability — Corps member

A corps member, Peace Bassey, speaks with TEMITOPE ADETUNJI about her near-fatal electric shock in 2015 that left her with a disability and reshaped the course of her life You made a TikTok post about surviving an incident that could have been fatal and how it eventually led to your disability. Cou…

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1 week, 6 days ago Business

Price hike forces pregnant women to abandon fruits despite health risks

Every time seven-months-pregnant Ayo Sarumi walks past fruit stalls in her neighbourhood, she keeps moving. Watermelons, which used to be her craving and a regular part of her diet, have become an expense she can no longer justify. “Now that the price is competing with the amount of money I need to…

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2 weeks, 2 days ago Business

Children’s Day: FirstBank, NTA unveil nationwide activities

FirstBank is set to commemorate Children’s Day 2026 with a series of sponsored nationwide engagements designed to educate, inspire, and empower children across Nigeria. Through its sponsorship of initiatives organised by the Nigerian Television Authority, Nigeria Future Leaders Festival, and Lexico…

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2 weeks, 2 days ago Business

Lagos customers urged to report electricity issues to LASERC

The Lagos State Electricity Regulatory Commission has urged electricity consumers in the state to escalate unresolved power complaints to the commission after reporting such issues to their distribution companies. LASERC made the call following the resolution of a year-long electricity crisis that …

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3 weeks, 5 days ago Business

Iran forms new maritime agency to control Hormuz Strait traffic

Iran’s top security body announced on Monday the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse. On its official X account, the Supreme National Security Council shared a post for the Persian Gulf Strait Authority (P…

Source: Punch

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3 weeks, 6 days ago Business

CAF to hold AFCON 2027 qualifying draw Tuesday

The Confederation of African Football will on Tuesday conduct the qualifying draw for the 2027 Africa Cup of Nations. The event will mark the start of the road to the continent’s flagship football tournament to be jointly hosted by Kenya, Tanzania and Uganda. CAF disclosed this in a statement publi…

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3 weeks, 6 days ago Business

BON Bread safe, free of harmful substances — NAFDAC

The National Agency for Food and Drug Administration and Control has declared that Food & Food Integrated Company Limited, makers of BON Bread, is not in violation of any of its regulations. The agency stated this after conducting a scientific investigation into a viral social media video alleging …

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1 month, 2 weeks ago Business

Dangote raises petrol price by N75, to N1,275 per litre

The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit by N75 per litre, deepening concerns over a fresh round of fuel price hikes across the country, as it also suspended product sales following a disruption in its Proforma Invoice process. Price data obtained from Petroleum…

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1 month, 2 weeks ago Business

Risk Management Basics Every African Forex Trader Needs to Know

As we move forward in Africa, we can see that the Forex trading space is still growing exponentially. Whether it is in Nigeria, Kenya, South Africa, or Ghana, there is a new generation of traders coming into the space, leveraging technology as well as an increase in financial literacy levels. What …

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1 month, 2 weeks ago Business

Emefiele: Court summons police chief, one other in $6.23m fraud case

The Federal Capital Territory High Court in Abuja has summoned former Executive Secretary of the Financial Reporting Council of Nigeria, Jim Obazee, and a Commissioner of Police, Eloho Okpoziakpo, to testify in the ongoing trial of a former Governor of the Central Bank of Nigeria, Godwin Emefiele. …

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1 month, 2 weeks ago Business

Xiaomi Introduces REDMI A7 Pro with an Immersive Display, Long-Lasting Battery, and Intuitive Upgrades

Xiaomi today officially unveiled REDMI A7 Pro in Nigeria, bringing a new standard for REDMI A series performance in 2026. Featuring an immersive 6.9? display, a massive 6000mAh battery with long-term durability, and the debut of Xiaomi Hyper OS 3 on REDMI A Series,¹REDMI A7 Pro combines essential f…

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