PenCom commits $250m infrastructure investment
•As monthly pension payments rise to N14.83bn By Victor Ahiuma-Young & Rosemary Iwunze The National Pension Commission, PenCom, has announced a $250 million commitment by Nigeria’s pension industry towards infrastructure investment over the next 10 years. This comes as the National Pension Commission said monthly pension payments had increased to N14.83 billion from N12.15 billion […]
Access ARM Pensions surpasses N4trn AUM, signals stronger post-merger momentum
Access ARM Pensions has exceeded the ₦4 trillion mark in assets under management (AUM), marking a major milestone and underscoring the strong momentum
N246bn NEDC allocation not for salaries only, Budget Office clarifies
By Progress Godfrey ABUJA – The Budget Office of the Federation (BOF) has dismissed claims that the North East Development Commission (NEDC) runs a N246.77 billion salaries budget, describing the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall […]
Nigeria’s oil output drops 8.3% to 1.544m bpd
By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released […]
62.5% rise in electricity sector debt threatens FG’s N1.2trn bond
By Obas Esiedesa Efforts by the Federal Government (FG) to address debts owed electricity generation companies (GenCos) may be facing increasing challenges as the debt burden rose 62.5% to N6.5 trillion at end 2025, up from N4trillion recorded at the beginning of the year. The government had flagged off the funding program through the issuance of N590 billion […]
Nigerians should take policy to protect them for decades — Coronation Life CEO
By Peter Egwuatu Coronation Life Assurance has emphasised the need for Nigerians to take life insurance policy, noting that it will help protect them for decades. In an interview with Vanguard, Adebowale Adesona, Managing Director/CEO, Coronation Life Assurance, said: “We focus on life long term security, hence we undertake a promotional campaign that aligns with that […]
