Project Gazelle 2: Nigeria Approves US$4.5 Billion Oil-Backed Refinancing
Project Gazelle 2 refinances Nigeria's US$3.3bn oil-backed facility, adds US$3bn in liquidity and cuts pledged crude by 12.5% to 78,750...
August 5, 2026Topic
naira
NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC profit fell 35.4% to N2.28 trillion, about US$1.7 billion, in the first half of 2026, with Federation Account remittances...
August 4, 2026
Nigeria Private FX Outflows Jump 165% to $16.3 Billion
Private-sector FX outflows from Nigeria surged 165% to $16.3 billion in 2025, reshaping who controls dollars in Africa’s largest economy.
July 31, 2026
Nigeria Naira Dollar Parallel Market Hits 1,407 per US$
Nigeria's naira weakened to about 1,407 per US dollar on the parallel market, extending mild slippage as traders awaited the...
July 28, 2026
Nigeria’s Capital Inflows Nearly Double to $10.37 Billion — But Most Is Hot Money
Nigeria capital importation jumped 83.8% to $10.37 billion in Q1 2026, but 95% was portfolio inflows and just 1.3% foreign...
June 13, 2026