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TotalEnergies posts 11% decline revenue in first quarter

TotalEnergies Marketing Nigeria Plc reported an 11 per cent revenue decline to N197.18 billion for the first quarter ended March 31, 2026. This compares with N221.62 billion recorded in the corresponding period of 2025. The figures are contained in the company’s unaudited financial statement released on the Nigerian Exchange Ltd. …

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NRC introduces train cleaning standard operating procedure

The management of the Nigerian Railway Corporation (NRC) has introduced a new Standard Operating Procedure (SOP) guiding janitorial services onboard train coaches and at railway stations nationwide. The Managing Director of NRC, Dr Kayode Opeifa, disclosed this in a statement on Wednesday in Lagos. The statement was signed by the …

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Tinubu Appoints Umar as new NMDPRA CEO

President Bola Tinubu has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The President also approved the nomination of Mr Rabiu Umar as the new Chief Executive of the authority, subject to Senate confirmation. This is …

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Reps approve Tinubu’s $516.33m Loan for Sokoto-Badagry Superhighway

The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda. The approval followed the consideration of the President’s request by the …

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Mercedes Benz sues Osimhen for alleged N142m debt

German automaker Mercedes-Benz has reportedly filed a complaint with the Italian Carabinieri against Super Eagles striker Victor Osimhen for allegedly failing to complete payments for a leased vehicle. Osimhen is currently one of the most clinical strikers in world football. His career has seen him flourish in Belgium, France, Italy, …

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GTCO records N303bn profit in Q1 2026

Guaranty Trust Holding Company Plc has released its unaudited group financial results for Q1 ended March 31, 2026. According to the released results, the Group’s profit before tax grew by 0.88% YoY to N302.891 billion compared to the N300 billion in Q1 2025. However, profit after tax declined by 15.42% …

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UBA records 21% decline in profit to N161bn in Q1 2026

United Bank for Africa PLC has released its unaudited group financial results for Q1 ended March 31, 2026. According to the released results, the Group reported a pretax profit of N160.655 billion compared to N204.264 billion reported in Q1 2025, depicting 21.35% YoY decline. However, gross earnings grew by 4.86% to N801.42 billion, …

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Alleged N1.63bn Fraud: EFCC Re-arraigns Bauchi Accountant-general, One Other

The Economic and Financial Crimes Commission (EFCC) has re-arraigned Bauchi State Accountant-General, Sirajo Muhammad Jaja, and an unlicensed Bureau de Change operator, Aliyu Abubakar, over an alleged N1.63 billion money laundering case. The defendants were re-arraigned on Tuesday, April 28, 2026, before Justice O. A. Egwuatu at the Federal High Court in Abuja during …

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