CBN warns bank recapitalisation could crowd out other capital-market fundraising

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January 7, 2026

Reporting by Punch indicates the Central Bank of Nigeria (CBN) is warning that the ongoing bank recapitalisation drive could tilt capital-market funding even more heavily toward banks, leaving other issuers struggling to attract investor attention.

The concern is not that recapitalisation is unnecessary, but that liquidity could become concentrated in bank equity and related offers if multiple large fundraises hit the market around the same time.

CBN’s outlook describes a generally bullish capital-market tone, but stresses that momentum can become fragile when one sector dominates deal flow, raising concentration risk.

For corporates outside banking, the implication is tougher pricing and slower book-building if banks keep taking the front seat through 2026.

Elsewhere, ThisDay quoted the apex bank warning the market could face “higher concentration risk” and that recapitalisation may “crowd-out other issuers.” Premium Times also noted the central bank’s caution that rising non-performing loans and concentration risks could weigh on growth outcomes.

Echotitbits take: The sequencing of bank offers will matter. If multiple tier-1s fundraise in the same quarter, expect wider discounts and weaker demand for non-bank IPOs and bonds. Timing discipline and a deeper investor base are the pressure valves.

Source: BusinessDay – https://businessday.ng/companies/article/cbn-sees-capital-market-extending-bullish-streak-on-bank-recapitalisation/ January 7, 2026
BusinessDay January 7, 2026

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Nigeria to Face Algeria in High‑Stakes AFCON 2025 Quarter‑Final

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B.O.B Echoload

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January 7, 2026

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In an update published by BusinessDay, Nigeria’s Super Eagles learned their next opponent in AFCON 2025, with Algeria set to face Nigeria in the quarter‑finals after edging DR Congo.

Nigeria’s camp has been buoyed by a recent 4–0 win over Mozambique, but analysts say Algeria’s tactical discipline could present a more difficult test, with Victor Osimhen and Ademola Lookman expected to play key roles.

The Punch and Vanguard also confirmed the pairing and the pathway that set up the showdown, which is being billed as one of the tournament’s biggest fixtures.

Echotitbits take: Nigeria–Algeria is a heavyweight matchup with little margin for error. If Nigeria’s forwards can break through Algeria’s tight marking, the Super Eagles have the depth to progress—but the game will likely be decided by small tactical details.

Source: Vanguard — https://www.google.com/amp/s/www.vanguardngr.com/2026/01/nigeria-to-face-algeria-in-afcon-quarter-finals/amp/ 2026-01-07

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Sahara Group Targets 7,000MW Capacity in Massive Power Sector Push

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B.O.B Echoload

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January 7, 2026

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Reporting by The Punch indicates Sahara Group is targeting a 7,000MW power generation capacity in 2026 as it expands investments across Nigeria’s electricity value chain, including upgrades to existing assets and new renewable projects.

The company said progress will depend on a stable regulatory environment and ongoing collaboration with the Ministry of Power as reforms continue under the government’s broader energy agenda.

Leadership and Tribune Online also reported the plans, noting Sahara Group’s stated commitment to renewable integration and infrastructure modernization as part of its 2026 roadmap.

Echotitbits take: 7,000MW is ambitious relative to typical grid output. Even partial delivery could materially help industry, but the gas supply chain and transmission constraints will determine whether this target becomes real megawatts or just a headline.

Source: The Punch — https://punchng.com/sahara-group-eyes-7000mw-in-major-power-sector-push/ 2026-01-07

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Israel to Partner with Nigeria on Intelligence Sharing for Christian Protection

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B.O.B Echoload

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January 7, 2026

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According to BusinessDay, Israel announced a new partnership with Nigeria focused on intelligence sharing and security support aimed at preventing extremist attacks, including the provision of advanced surveillance support and tactical training.

Israeli officials framed the initiative as part of broader cooperation on religious freedom and counter‑insurgency expertise, while Nigeria seeks improved threat detection in vulnerable regions.

The Punch and The Guardian also reported the announcement, noting Israel’s emphasis on intelligence‑led prevention and the diplomatic context around expanding security partnerships.

Echotitbits take: Intelligence support is useful, but the “Christian protection” framing could be politically sensitive in a multi‑religious state. Nigeria may need to present the partnership as broader counter‑terrorism cooperation to avoid inflaming sectarian narratives.

Source: BusinessDay — https://www.google.com/amp/s/businessday.ng/world/article/israel-says-christian-protection-plan-for-nigeria-will-focus-on-intelligence-sharing/ 2026-01-07

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Former President Goodluck Jonathan Pledges Active Role in PDP Rebirth

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B.O.B Echoload

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January 7, 2026

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Figures cited by Leadership show former President Goodluck Jonathan met with the Tanimu Turaki‑led National Working Committee (NWC) of the PDP and pledged a more active role in the party’s reorganization ahead of the next electoral cycle.

Jonathan urged party members to avoid divisive tendencies and focus on rebuilding unity and a platform that resonates with Nigerians, as the PDP battles internal crises and defections.

The Nation and Daily Post also tracked the development, reporting on Jonathan’s engagement with party leadership and his call for unity and discipline as a pathway to a stronger opposition.

Echotitbits take: Jonathan’s entry could help stabilize the PDP and slow defections, but his effectiveness will depend on balancing governors’ interests with emerging power blocs. Expect internal negotiations to intensify as 2027 draws closer.

Source: BusinessDay— https://www.google.com/amp/s/businessday.ng/politics/article/jonathan-pledges-active-role-in-pdp-meets-turaki-led-nwc/ 2026-01-07

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NIMASA Issues 30‑Day Ultimatum for Maritime Operators to Self‑Audit

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B.O.B Echoload

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January 7, 2026

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In an update published by ThisDay, the Nigerian Maritime Administration and Safety Agency (NIMASA) directed terminal and jetty operators to conduct comprehensive self‑audits within 30 days as part of a drive to tighten safety and compliance standards.

NIMASA warned that operators who fail to submit audit reports within the deadline may face sanctions, including possible suspension of operating licences, as the agency aligns operations with international maritime expectations.

Premium Times and Vanguard also reported the directive, highlighting NIMASA’s warning on enforcement and its stated commitment to stronger port security and operational safety.

Echotitbits take: The audit window signals tougher enforcement in a sector long criticized for weak safety practices. Operators should prepare for follow‑up inspections after the 30‑day period, especially around jetties linked to illegal activity.

Source: TheNation — https://www.google.com/amp/s/thenationonlineng.net/nimasa-threatens-vessel-detentionviolators-of-30-day-compliance-ultimatum/amp/ 2026-01-07

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New Federal Revenue Platform “RevOps” Goes Live for Tax Harmonization

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B.O.B Echoload

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January 7, 2026

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Reporting by Leadership indicates the Federal Ministry of Finance has launched the Revenue Optimization Platform (RevOps) to streamline collections and reduce multiple taxation, with federal services expected to accept only electronic receipts generated through the system.

Officials say RevOps is designed to improve day‑to‑day revenue visibility and ensure remittances flow directly into the Treasury Single Account, helping curb leakages and strengthen fiscal accountability.

The Guardian and ThisDay also reported the rollout, noting the platform’s integration across revenue‑generating MDAs and the shift toward electronic receipts as proof of payment for federal services.

Echotitbits take: RevOps could be a big step for transparency by reducing cash handling and petty leakage. The key risk is “last‑mile” connectivity—rural service points will need reliable digital infrastructure so compliance doesn’t become a barrier.

Source: SalesForce – https://www.salesforce.com/sales/revenue-lifecycle-management/what-is-revenue-operations/ 2026-01-07

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Economic Expert Projects 4% GDP Growth for 2026 Under Reform Gains

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B.O.B Echoload

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January 7, 2026

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Figures cited by The Nation suggest Nigeria could record up to about 4%–4.5% GDP growth in 2026 if ongoing reforms are sustained, according to Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprises (CPPE).

Yusuf cautioned that structural bottlenecks still constrain productivity and warned that overly optimistic revenue assumptions in the 2026 budget could weaken implementation if oil price volatility persists.

ThisDay and Daily Post also reported the forecast and highlighted Yusuf’s emphasis that growth must translate into jobs, especially as household spending pressures remain high even with signs of moderating inflation.

Echotitbits take: 4% growth is respectable, but Nigeria’s real test is whether reforms deliver broad employment and higher productivity. Watch quarterly GDP data for stronger contributions from manufacturing and agriculture—not just services.

Source: ThePunch – https://punchng.com/sustained-reforms-can-push-nigerias-gdp-to-4-in-2026-expert/ 2026-01-07

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Presidency Rebutts Critics Over Tinubu’s Paris Lunch Photographs

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B.O.B Echoload

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January 7, 2026

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According to Vanguard reporting on January 7, 2026, the Presidency defended President Bola Tinubu after opposition leader Atiku Abubakar criticized photographs of the President dining in Paris, framing the images as a symbol of misplaced priorities.

Presidential aides described the criticism as tone‑deaf and said the President remains engaged with national issues, adding that online claims alleging the photos were AI‑generated or manipulated are unconvincing.

Premium Times and Channels TV also covered the dispute, reporting on the Presidency’s explanation of the photo quality and continued opposition claims that the images were selectively edited amid insecurity concerns.

Echotitbits take: In a high‑inflation environment, luxury imagery carries political costs. The administration may be better served shifting from image defense to clearer, measurable messaging on how policies are improving everyday living conditions.

Source: Vanguard – https://www.vanguardngr.com/2026/01/nigeria-burns-while-presidency-defends-lunch-photos-in-paris-atiku/ 2026-01-07

Photo Credit: Vanguard

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Atiku Abubakar Rules Out Stepping Down for ADC Presidential Ticket

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B.O.B Echoload

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January 7, 2026

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In an update published by The Punch, former Vice President Atiku Abubakar dismissed claims that he might withdraw from the contest for the African Democratic Congress (ADC) presidential ticket, insisting he remains committed to the race.

Through his media adviser, Paul Ibe, Atiku accused the ruling APC of attempting to meddle in the internal affairs of opposition coalitions and urged Nigerians to resist moves aimed at weakening the opposition ahead of the 2027 elections.

Daily Post and Tribune Online also reported the stance, noting Atiku’s rejection of calls to step aside and pointing to heightened interest in the ADC following recent political realignments.

Echotitbits take: Atiku’s refusal to step aside sets up a high‑stakes internal contest. Peter Obi may bring youth momentum, while Atiku brings structure and experience—how the party manages competing ambitions will shape whether it unifies or fractures ahead of 2027.

Source: Vanguard – https://www.vanguardngr.com/2026/01/adc-presidential-ticket-no-one-is-stepping-down-atiku/ 2026-01-07

Photo Credit: Vanguard

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