FG Paid N152bn to Contractors Amidst Protests   The Federal Government has said it disbursed N152bn to contractors for what it described as verified contracts, amid lingering protests over outstanding payments. In a statement on Thursday, the Minister of State for Finance, Doris Uzoka-Anite, said the payments...

Nigeria Infrastructure Debt Fund Records N23.63bn Profit   The Nigeria Infrastructure Debt Fund has reported a profit of N23.63bn for the year ended 31 December 2025, up from N19.59bn recorded in the same period in 2024. The fund, which invests in infrastructure loans across the country,...

MTN Wins N1bn Suit, Court Orders N3m Costs Against Plaintiff   A Federal High Court in Lagos has dismissed a N1bn lawsuit filed against MTN Nigeria Communications Plc by Walls and Gates Ltd and its Managing Director, Okechukwu Udeichi, over alleged copyright infringement, breach of confidentiality,...

FG Allocates N1.7trn for Outstanding Contractor Payments in 2026 Budget   The Federal Government has budgeted the sum of N1.7tn in the 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects executed in 2024. A breakdown of the proposed 2026 national budget shows...

93% Growth in Insurance Stocks Pushes Market Cap to N904bn   Nigeria’s insurance sector recorded a sharp rally in 2025, with combined market capitalisation climbing by 93 per cent year-on-year to approximately N904bn as of 24 December 2025. The surge reflects broad-based gains across 17 underwriters listed...

PenCom Begins Disbursing N758bn Pension Bond to Retirees   The National Pension Commission (PenCom) has commenced the disbursement of the N758 billion pension bond approved by the Federal Government to settle outstanding liabilities owed to retirees, marking a major step in addressing long-standing pension arrears. Speaking at...