Business

Dangote oil refinery has approved the recall of engineers previously redeployed to its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals from respected individuals, stakeholders and engineers. The refinery noted that …

The crisis rocking the People’s Democratic Party deepened on Thursday when the party’s Board of Directors, led by former Senate President Adolphus Wabara, formally assumed control of the national leadership following a damning Supreme Court ruling that invalidated its latest national convention. The supreme court, in a split 3-2 decision, invalidated the PDP convention held in Ibadan, Oyo State, in …

By Ayo Kehinde President Bola Tinubu has appointed former KPMG Africa executive, Joseph Olasunkanmi Tegbe, as the new Energy Minister, subject to confirmation by the Senate. A statement signed on Thursday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed that the nomination, forwarded to the Senate, is in line with constitutional requirements. The appointment follows …

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 …