Nigeria signs settlement over Lagos airport facilities

The Federal Government, the Federal Airports Authority of Nigeria (FAAN), BiCourtney and Stabilini Visinoni signed agreements on October 20, 2026, to settle longstanding disputes over airport facilities in Lagos and establish new operating terms. The settlement covers Murtala Muhammed Airport Terminal Two (MMA2), the General Aviation Terminal and an associated hotel and conference centre. The Federal Executive Council approved the settlement framework on April 30, 2026, according to the Ministry of Aviation and Aerospace Development. Under the ministry’s account, BiCourtney will waive unresolved claims against the government. In return, the government and FAAN will release specified pre-settlement claims against the company, including accumulated concession fees and certain ancillary payments. BiCourtney is to resume payments due under its original concession from the agreements’ execution, but the ministry did not disclose the fee rate or the value of claims being released. The timing of revenue collection was described differently by Minister of Aviation and Aerospace Development Festus Keyamo, who said FAAN was beginning to earn revenue from MMA2 on the day of the signing....