Business

The strong revenue performance significantly increased profitability and operating leverage. Earnings per share (EPS) rose 166% to N16.95, representing almost 30% of the company’s full-year 2025 EPS. If sustained, analysts predict that annualized EPS could reach about N67.80 in 2026, about 30% higher than last year’s figure. CEO Karl Toriola attributed the strong results to disciplined cost management and operational …

The Federal Government of Nigeria has strongly condemned the tragic killing of the Minister of Defense and Veterans Affairs of the Republic of Mali, Lt. Gen. Sadio Camara, following the terrorist attacks on April 25, 2026. Kimiebi Ebienfa, spokesperson for the Ministry, conveyed this message in a statement on Thursday 30 April 2026, expressing Nigeria’s deepest condolences to the bereaved …

Nigeria will spend a staggering ₦15.81 trillion on public debt servicing in fiscal 2026, underscoring mounting fiscal pressures in the country’s record budget of ₦68.32 trillion. The spending plan, recently approved by the National Assembly and signed into law by President Bola Ahmed Tinubu, allocates a significant portion of total spending to debt obligations, raising new concerns about the sustainability …

THE Nigeria Revenue Service (NRS) has officially announced the Go-Live of Rev360, its next-generation tax administration platform, to mark a significant transition to Tax Administration 3.0. Premium Times had previously reported NRS’s plan to launch Rev360, a platform that introduces a more advanced, integrated and intelligent ecosystem to meet taxpayer demands, and will be operational from April 30. The launch …

The Supreme Court, in a unanimous judgment delivered by a five-member bench led by Justice Mohammed Garba, upheld the Court of Appeal’s directive directing the parties to revert to the lower court, but quashed the conservatory injunction directing the parties to maintain the status quo ante bellum. The ruling is widely seen as strengthening the authority and operational legitimacy of …

Investors in the Nigerian equity market earned N3.2 trillion at the close of trading on Thursday. This follows a surge in the prices of shares such as FTN Kakao, Bua Semen, and Cap on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 242,277.81 points from 237,205.59 points the previous day. After five hours of trading on …

Russia will continue its presence in Mali based on requests from the country’s current authorities, Kremlin spokesman Dmitry Peskov confirmed on Thursday, April 30, 2026. Peskov said that Russia remains committed to fighting extremism, terrorism and other negative phenomena in Mali, stressing that the presence is in line with the needs expressed by the Malian government. “Russia’s presence in Mali …

President Bola Tinubu has appointed Mr Rilwan Babalola as Special Adviser on Electricity. Babalola will also lead the newly created Presidential Task Force for Reset and Restoration of the Power Sector. This was stated by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in a statement on Thursday in Abuja. The President also redesigned the Office of Special …

Nigeria’s Supreme Court on Thursday ordered a new hearing into the leadership crisis rocking the African Democratic Congress, ordering a faction led by former Senate President David Mark to return to the Federal High Court. In a unanimous ruling, a five-member bench of the supreme court, led by Mohammed Garba, overturned an earlier Court of Appeal directive that had ordered …

The Joint Action Committee (JAC) of the Non-Academic Staff Union of Educational and Associated Institutions (NASU) and the Senior Staff Association of Nigerian Universities (SSANU) have declared an indefinite nationwide strike in universities and inter-university centers from midnight on May 1, 2026. The directive, contained in a circular dated April 30, 2026, jointly signed by NASU Secretary General, Prince Peters …