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MTN Nigeria posts N546 billion profit in first quarter, revenue hits record N1.49 trillion

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 …

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Nigeria strongly condemns the killing of Mali’s Defense Minister, Sadio Camara

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 …

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NNPC completes Niger River crossing with OB3 pipeline

The Nigerian National Petroleum Company (NNPC) Limited has completed the Niger River crossing of the 130 kilometer Obiafu-Obrikom-Oben (OB3) pipeline. The NNPC announced this in a statement released on Thursday, April 30, 2026, noting that the target was achieved by its subsidiary, NNPC Gas Infrastructure Company (NGIC), marking a major milestone in the expansion of Nigeria’s national gas transmission network. …

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Budget 2026: Nigeria to spend ₦15.81 trillion on debt servicing

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 …

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Police arrest suspected cattle thief in Ogun

Police operatives in Ogun have arrested two suspected cattle thieves and recovered a stolen cow, worth N1.7 million in Ifo/Ibogun area of ​​the state. The State Police Public Relations Officer Oluseyi Babaseyi confirmed the arrest in a statement on Thursday in Abeokuta. Babaseyi said a SWAT team attached to the state police command, arrested the two suspects following a distress …

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Sporting Supreme FC makes history with Abuja Federation Cup club final

It was an all-Sporting Supreme FC final in the Abuja Federation Cup as the club achieved a remarkable feat in the 2026 FCT FA President Federation Cup, producing both finalists in a historic showdown in the competition. Sporting Supreme’s U19 team faced the club’s Pro team in the final, ensuring that the trophy would remain in the Sporting Supreme family …

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2027: APC expands sales of forms to candidates

All Progressives Congress (APC) The National Working Committee (NWC) has extended the sale of party expression of interest and nomination forms to candidates until May 4. Sales of forms for candidates seeking elected office in the 2027 election under the party’s platform were initially scheduled to close on May 2. APC Deputy National Publicity Secretary, Mr Durosinmi Meseko, who announced …

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NRS launches REV360, marking the transition to digital tax administration

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 …

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