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...
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...
AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025
The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...
