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...

The Federal Government has announced sweeping changes to its revenue collection system, unveiling a full transition to cashless payments.

PTAD Monthly Payout to Retirees Hits N1trn   The Pension Transitional Arrangement Directorate (PTAD) says it has paid more than N1tn in monthly pensions to over 200,000 retirees under the Federal Government’s Defined Benefit Scheme since 2015. The Director of Corporate Services at PTAD, Kabiru Yusuf, disclosed...