Gumi: US Airstrikes Risk Making Nigeria a Theatre of War
Prominent cleric Sheikh Ahmad Gumi warns US military involvement in Nigeria's counter-terrorism could inflame tensions and polarise the nation. He urges alternative partners.
Category : Search result: Nigeria Foreign Reserves
Nigerians React to US Military Strike in Sokoto
Nigerians express divided opinions after US AFRICOM targets ISIS hideout in Sokoto State. Explore the debate on sovereignty, security, and foreign intervention.
Gumi Slams US Airstrikes, Calls for End to Military Cooperation
Islamic scholar Sheikh Ahmad Gumi condemns recent US airstrikes in northern Nigeria, warning they deepen insecurity and erode sovereignty. He urges government to seek help from neutral nations.
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.
CBN Directs Banks to Enable Foreign Card Use on ATMs, POS
The CBN mandates Nigerian banks to configure ATMs and POS terminals to accept foreign cards, introducing new security measures for transactions above $200 daily. Report challenges to the Consumer Protection Department.
Naira Falls, FX Reserves See First Decline in Over 2 Months
The Naira weakened by N10 against the dollar last week as Nigeria's external reserves halted their upward trend. Get the latest on exchange rates and CBN's outlook for 2026.
US Commits $2.1bn to Nigeria Health, $200m for Christian Facilities
The US and Nigeria have signed a landmark $5.1 billion health agreement. The deal includes $200 million specifically for over 900 Christian faith-based health facilities serving millions nationwide.
Oba Akiolu Urges Investors to Focus on Nigeria's Development
The Oba of Lagos calls for genuine investors to improve Nigeria's socio-economic conditions, not just maximise profits. Read his message to multinationals.
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 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 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.
Experts: Use Alternative Energy to Boost Nigeria's Blue Economy
Environmental engineers call on the Tinubu administration to leverage Nigeria's 209 TCF gas reserves and alternative energy to drive a sustainable blue economy, creating jobs and wealth.
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.
Gumi Accuses Foreign Powers of Backing Nigerian Terrorists
Islamic scholar Sheikh Ahmad Gumi alleges foreign support for terrorists in Nigeria, citing a reversal in security gains. He calls for enhanced intelligence and diplomacy.
Gumi: Foreign Powers Backing Terrorists in Nigeria
Prominent Islamic scholar Sheikh Ahmad Gumi claims wealthy foreign actors support bandits, worsening Nigeria's insecurity. He advocates for addressing root causes and strategic force. Read his full analysis.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
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.
Presidency Fires Back at Obasanjo Over Security Remarks
The Nigerian Presidency has strongly responded to former President Obasanjo's comments on insecurity, accusing him of hypocrisy for failing to act when bandits first emerged during his administration.
Nigeria attracts $20.98bn foreign capital in 10 months
Nigeria recorded $20.98bn foreign capital inflows Jan-Oct 2025, a 70% surge. CBN Governor Cardoso credits FX reforms for market stability and renewed investor confidence.
Obasanjo on Foreign Intervention in Nigeria's Insecurity
Former President Obasanjo defends Nigerians seeking international help against insecurity while calling for technology deployment. Read his response to Trump's military threat.
Petro: US Venezuela Pressure Campaign About Oil Access
Colombian President Gustavo Petro reveals US pressure on Venezuela targets oil reserves, not drug trafficking. Exclusive analysis of geopolitical tensions in Latin America.
FG Denies Open Grazing Ban, Plans Gradual Ranching Transition
Federal Government clarifies no nationwide ban on open grazing exists. Minister confirms gradual transition to modern ranching systems across Nigeria's 4.5 million hectares of grazing reserves.
FG Denies Open Grazing Ban, Plans Ranching Transition
Federal Government clarifies open grazing is not banned, announces phased transition to modern ranching using 4.5M hectares of reserves. Learn about the new livestock development strategy.
US Congressman: Christians Persecuted in Nigeria
US Congressman declares severe Christian persecution in Nigeria, cites 17,000 deaths since 2019, questions US aid, and links crisis to Nnamdi Kanu's detention despite court orders.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
US Committee Reacts to Kwara Church Terrorist Attack
US House Foreign Affairs Committee condemns terrorist attack on Kwara church, calls it reality Nigerian Christians face. Meeting held with Nigerian officials to address persecution.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
Piers Morgan Questions Nigeria's Minister on Christian Killings
Nigeria's Foreign Affairs Minister Yusuf Tuggar faced intense questioning from Piers Morgan about Christian persecution. Watch the explosive interview and see the minister's response.
Frontline troops oppose US intervention in Nigeria
Nigerian soldiers fighting Boko Haram in Yobe warn against US military intervention, citing internal nature of crisis and questioning American motives. Read exclusive details.
Tinubu Heads to South Africa, Angola for Diplomatic Summits
President Bola Tinubu embarks on a diplomatic mission to South Africa for the G20 Summit and Angola for AU-EU talks. The trip focuses on economic development, climate change, and regional security. Read more about Nigeria's global engagements.
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