Category : Search result: FX reserves

US Completes First $500 Million Sale of Venezuelan Oil, Trump Eyes $100B Investment

US Sells $500M Venezuelan Oil, Trump Pushes $100B Plan

The United States has sold $500 million worth of Venezuelan oil, marking a major step in accessing reserves. President Trump promises $100 billion for energy sector rebuild, despite industry doubts. Read full details.

NESG Forecasts 5.5% Growth, 16% Inflation for 2026, Warns Against Policy Reversals

NESG Projects 5.5% Growth, 16% Inflation in 2026

The Nigerian Economic Summit Group projects economic growth of 5.5% and inflation of 16% for 2026, but warns a critical 18-month window exists to avoid policy reversals that could derail consolidation.

NESG Forecast: Naira to Trade at N1,480/$1 in 2026 Amid Economic Reforms

NESG Projects Naira at N1,480 to Dollar by 2026

The Nigerian Economic Summit Group forecasts the naira will stabilise around N1,480 per US dollar in 2026, driven by rising reserves and policy coordination. Discover the full economic outlook.

Naira Achieves Best Year in a Decade with 7.4% Gain in 2025

Naira's Best Run in 10 Years as CBN Reforms Pay Off

The Nigerian naira appreciated over 7% in 2025, its strongest annual performance in a decade, driven by CBN reforms and rising external reserves now at $45.6 billion. Discover how the FX market transformation is boosting economic confidence.

Trump Reveals 18-Month Plan for US Oil Expansion in Venezuela

Trump's 18-Month Plan for US Oil in Venezuela

US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.

Trump Targets Venezuela's Oil After Maduro Capture, Experts Warn of Huge Challenges

Trump Eyes Venezuela Oil After Seizing Maduro

Following the capture of Venezuelan leader Nicolás Maduro, US President Donald Trump has announced plans for American firms to develop Venezuela's vast oil reserves. Experts warn the plan faces massive hurdles and could take a decade. Read more on the imp

Naira Exits Africa's 10 Worst Currencies After 2 Years, Gains Against Dollar

Naira Exits Africa's Worst Currency List, Appreciates

The Nigerian naira has appreciated against the US dollar and exited Africa's top 10 worst-performing currencies after nearly two years, driven by rising reserves and improved FX liquidity. Read the full analysis.

Venezuela's Paradox: World's Largest Oil Reserves, 58th Economy

Is Venezuela a World Power? The Shocking Truth

Venezuela holds the world's largest oil reserves but ranks 58th in GDP. Discover why its vast natural wealth hasn't translated into global power. Read the full analysis.

Naira Gains Over N100 Against Dollar in 2025 as Reserves Rise

Naira Appreciates by Over N100 Against US Dollar in 2025

The Nigerian naira closed 2025 stronger, appreciating by over N100 against the US dollar. The Central Bank of Nigeria credits rising external reserves and policy reforms for the currency's improved stability. Discover the full market analysis and 2026 pro

Nigeria Posts $4.6bn Balance of Payments Surplus in Q3 2025, CBN Reports

Nigeria records $4.6bn BoP surplus in Q3 2025

Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.

Nigeria's FX Reserves Hit 7-Year High, Naira Stability Expected by 2026

Nigeria's FX Reserves Surge to $45.24bn, Boosting Naira Hope

Nigeria's external reserves climbed to a seven-year high of $45.24bn in December 2025, a $4.39bn annual increase. CBN Governor attributes gains to FX reforms, raising fresh optimism for naira stability in 2026. Read the full analysis.

CBN Injects $150 Million to Stabilize Naira as Forex Inflows Drop by 50%

CBN Pumps $150M to Defend Naira Amid Forex Crunch

The Central Bank of Nigeria intervened with $150 million to support the naira after a sharp 50% drop in weekly FX inflows. The move led to a slight appreciation of the currency and a marginal rise in external reserves. Read the full analysis.

Trump Refuses to Rule Out War Against Venezuela, Fuels Military Speculation

Trump Won't Rule Out Military Action in Venezuela

US President Donald Trump declines to rule out war with Venezuela, amid naval build-up and tanker seizures. Tensions rise over oil, China ties, and Maduro's regime. Read the full analysis.

CBN Deploys $250 Million to Defend Naira, Bolstered by $45.44 Billion Reserves

CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B

The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.

Naira Holds Firm Amid 'Detty December' Dollar Rush: CBN Reserves Hit $45.44bn

Naira resilient despite festive dollar demand surge

The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.

Naira Falls to N1,454/$1 as Festive Spending Intensifies FX Pressure

Naira Drops to N1,454/$1 Amid Festive Dollar Demand

The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.

Naira Gets 64% Boost as Dollar Inflows Hit $841 Million in FX Market

Naira Strengthens as Dollar Inflows Surge Over 64%

The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.

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