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Nigeria grows external reserves to $55.07bn as naira stabilises - BUSINESSDAY

OCTOBER 15, 2026

Nigeria’s foreign exchange reserves surged to $55.07 billion as of October 9, strengthening the country’s external buffer amid efforts

MARKET NEWS

October 15 Oil falls as investors assess Mideast tensions, International Energy Agency’s report - CNBC October 15 South African rand edges up as next week’s medium-term budget draws focus - REUTERS October 15 Gabon raises $580 million in 8-year Eurobond with 9.375% coupon - REUTERS October 15 South African rand slides as US inflation print boosts Fed tightening bets - CNBC October 15 W.Africa Crude — Cargoes struggling to clear, freight continues to weigh - REUTERS October 15 Nigeria to auction N450bn in T-bills market - CNBC October 15 Nigeria loses gemstone wealth as miners export raw stones - PUNCH October 15 Naira Gains 3.5% In Q3 As Reserves Hit $54.9bn - INDEPENDENT October 15 Naira depreciates against dollar at official FX market - NIGERIAN TRIBUNE October 15 Nigeria grows external reserves to $55.07bn as naira stabilises - BUSINESSDAY October 14 Oil prices choppy after IEA warns on market constraints; Saudi officials say Aramco f... (read more) October 14 Diesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says - CNBC October 14 Nigeria’s oil output surges 1.72m barrels in Sept October 14 Turkish Airlines expands Istanbul-Lagos flight schedule - PUNCH October 14 Nigeria’s interbank rates ease as liquidity climbs to N4.04trn - PUNCH October 14 IMF raises its forecast for world growth this year but warns of risks from AI boom an... (read more) October 14 Nigeria Beats OPEC Quota For Fifth Straight Month - NEW TELEGRAPH October 14 Shell signs agreement to sell Nigeria domestic gas business - NIGERIAN TRIBUNE October 14 Bank of America hit with $1.2B in penalties over money laundering, sanctions failures... (read more) October 14 FG Settles N1.23 trillion Power Debts - INDEPENDENT October 14 Shell to exit Nigeria’s gas distribution business, sell stake to Vaaris Energy - THE CABLE October 14 Trump’s Russia Deal Is Too Small to Dent Diesel Prices - BLOOMBERG October 14 Naira records second day of depreciation against USD - DAILY POST October 13 The US oil reserve stayed steady last week, but hurricane- and Iran-related withdrawa... (read more) October 13 London calling – Airtel Money’s London listing reminds that London is the gateway for... (read more) October 13 Naira slips against dollar - P.M.NEWS October 13 Equities dip as market value falls to N160tn on NGX - PUNCH October 13 Naira depreciates against USD to begin week on negative note - DAILY POST October 12 Ghana’s yuan payment system puts Nigeria’s $2bn swap deal in focus - NIGERIAN TRIBUNE October 12 Nigeria imports petrol as Dangote exports to W’Africa – Report

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