Business

TotalEnergies Divests Interest In Renaissance JV

TotalEnergies Divests Interest in Renaissance JV TotalEnergies announces the signing of an agreement with Vaaris for the sale of its 10% non-operated interest in the Renaissance Joint Venture (formerly SPDC JV) in Nigeria, for a total consideration of USD 800 million.

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The Missing Pieces In Nigeria’s Banking Recapitalisation

Nigeria’s economy will be experiencing yet another round of reform; after the new tax implementation, the banking sector recapitalisation exercise will begin within less than three months until the March 31, 2026, deadline. The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, disclosed that 27 banks have tapped the capital market via public offers and rights issues.

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