Venezuela Oil Ships Head to US as Storage Nears Capacity
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
Category : Search result: Venezuelan oil reserves
Tree Planting Forces Criminals Out of Ogun Forests
Ogun State's forestry drive makes reserves inhospitable for kidnappers and militants. Commissioner reveals strategy and new equipment for enhanced security. Read more.
US Forces Seize Venezuelan Tanker Amid Russian Escort
American military forces intercepted and seized a Venezuelan oil tanker in the North Atlantic, despite Russian naval protection. Get the full details on this major sanctions enforcement escalation.
US to Control Venezuela Oil Sales Indefinitely
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
55 Soldiers Killed in US Raid to Capture Maduro
Official tolls confirm 55 Cuban and Venezuelan military personnel died during a US operation to seize Venezuelan leader Nicolas Maduro. Details inside.
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'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.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Maduro in Handcuffs at New York Court for Charges
Former Venezuelan President Nicolas Maduro, captured and extradited, faces narcoterrorism charges in a Manhattan court. See details of the dramatic transfer and the allegations.
Maduro in US Court After Dramatic Capture in Caracas
Deposed Venezuelan President Nicolas Maduro faces a US court hearing after a military operation. The crisis reshapes geopolitics and global oil markets. Read the full analysis.
Trump's Sharp Warning to Venezuela's Delcy Rodriguez
US President Trump warns Venezuelan VP Delcy Rodriguez of severe consequences if she doesn't cooperate with US demands post-Maduro's capture. Read the latest on the escalating crisis.
Trump Threatens Venezuela Leader After Maduro Capture
US President Donald Trump warns Venezuela's interim leader Delcy Rodriguez after a military raid captured Nicolas Maduro. Get the latest on the crisis and its global implications.
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
Venezuelan Lady's Reaction to Maduro's US Capture
A Venezuelan woman shares her complex feelings on the capture of President Nicolas Maduro by US forces, calling it a necessary step despite her dislike for Trump. Read her full story.
Venezuelan Woman Cries as US Captures President Maduro
A Venezuelan woman's emotional reaction to the capture of President Nicolas Maduro by US forces has gone viral. She describes a stolen childhood and hopes for her country's future. Watch the video.
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.
Venezuelan Woman Reacts to US Capture of Maduro
Mariangela Wilber, who fled Venezuela at 14, shares her emotional reaction to the capture of President Nicolas Maduro by US forces. She thanks Trump for his courage but remains uncertain about the future.
US Captures Maduro, Trump Vows to 'Run' Venezuela
US forces capture Venezuelan President Maduro in a military raid. Trump says the US will now 'run' the country and exploit its oil. Read the full story and international reactions.
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.
Nigeria's Oil Sector Wins in 2025, Says Minister Lokpobiri
Minister Heineken Lokpobiri declares 2025 a successful year for Nigeria's oil sector, driven by reforms, new investments, and strengthened local content. Read the full report on the industry's progress and 2026 outlook.
Dangote Refinery Exports to Ghana May Decline
Ghana's Tema Oil Refinery is back online after years of inactivity, operating at 28,000 bpd. This could reduce its reliance on imports from Nigeria's Dangote Refinery, its top 2025 supplier. Explore the shifting energy dynamics in West Africa.
Naira Appreciates 6.5% in 2025, Breaks 13-Year Record
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
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
Naira Falls in 2025 Despite CBN Dollar Sales, Reserves Rise
The Nigerian naira closed 2025 weaker against the dollar despite CBN interventions. External reserves rose to $45.45bn, offering limited support. Get the full analysis.
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.
CBN 2026 Outlook: 4.49% Growth, Inflation at 12.94%
The Central Bank of Nigeria forecasts economic growth of 4.49% and inflation easing to 12.94% in 2026. Key drivers include oil output, reforms, and rising foreign reserves.
Army Arrests 19 Oil Thieves, Destroys 22 Illegal Refining Sites
Nigerian Army's 6 Division, in a sustained operation, has arrested 19 suspects and dismantled 22 illegal refining hubs in the Niger Delta, recovering over N150 million worth of stolen crude. Read the full report on the crackdown.
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 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.
Nigeria ships 33.2m barrels of crude to U.S. in eight months
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
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