TotalEnergies Marketing Nigeria Plc is set to face a sizeable debt repayment burden of about N65.45 billion in the first quarter of 2026, a move expected to weigh heavily on its liquidity position. Pinnacle Daily analysis of the company’s first-quarter forecast, released on Thursday, December 15, shows that the firm plans to prioritise aggressive debt …
Minister of Finance and Coordinating Minister of the Economy Wale Edun has indicated that Nigeria could see interest rate cuts in the near term if the current disinflation trend is sustained. Speaking in an interview on the sidelines of Abu Dhabi Sustainability Week, Edun said a continued slowdown in inflation would give the Central Bank …
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called for the establishment of a joint rapid-response team between the SEC and the Nigeria Police Force (NPF) to combat online fraud and other financial crimes. Agama made the call during a meeting with the Inspector-General of Police (IGP), Kayode Egbetokun, in Abuja …
TotalEnergies EP Nigeria to divest its entire 10 per cent non-operated interest in the Renaissance Joint Venture (JV) licences in Nigeria. The parent company, TotalEnergies, disclosed this in a statement on Wednesday, December 14, revealing that the company has entered into a Sale and Purchase Agreement (SPA) with Vaaris for the divestment. According to TotalEnergies, …
Paradigm Initiative (PIN) has criticised the internet shutdown imposed in Uganda ahead of Thursday’s general election, describing it as a major setback for digital rights. The digital advocacy group also faulted restrictions on media coverage of protests and demonstrations in a statement it issued on Wednesday, January 14. “These actions constitute serious violations of digital …
The Debt Management Office (DMO) has opened subscriptions for the Federal Government of Nigeria (FGN) Savings Bonds for 2026, offering investors an interest rate of 15.39 per cent per annum. It made the announcement in a notification released on Monday, December 12. The January 2026 issuance rates are higher than those offered in December 2025, …
Civil society organisations (CSOs) have criticised the Lagos State Government over what they described as the violent demolition of homes in the Makoko waterfront community. The Centre for Children’s Health Education, Orientation and Protection (CEEHOPE) Nigeria, the Health of Mother Earth Foundation (HOMEF), and Corporate Accountability and Public Participation Africa (CAPPA) expressed their condemnation in …
As Nigeria ushers in 2026, the country appears to be finding firmer footing in its economy, buoyed by a rebound in non-oil sectors and easing inflation. Beneath the surface, a report by CSL Stockbrokers Limited fears that deep-seated insecurity, social pressures, and global uncertainties loom large, threatening to complicate the journey ahead. In the report, …
Savannah Energy has confirmed the completion of a deal that allows NIPCO to raise its ownership stake in the company to 26.5 per cent. This follows the conclusion of regulatory consultations and the entry into a relationship agreement between the two firms. The British independent energy firm disclosed this in a statement issued on Tuesday, …
Nigeria’s banking sector is approaching a decisive moment with just 77 days to the March 31, 2026, recapitalisation deadline. So far, about 22 licensed banks, approximately 65 per cent of the total, have confirmed full compliance with the Central Bank of Nigeria’s (CBN) minimum capital requirements. Tier-1 lenders make up the bulk of banks that …
