Reserves – InfoStride News

Nigeria’s FX Reserves Climb to $42bn, Highest in Six Years

Temitope Nlewemchi — Wed, 28 Jan 2026 17:02:24 +0000

Nigeria’s foreign exchange reserves have surged to $42 billion, marking their highest level in six years, a development that analysts and policymakers describe as a turning point in the country’s economic trajectory. The rise, which reflects a combination of improved crude oil earnings, increased foreign exchange inflows, and strategic reforms by the Central Bank of [...]

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China Announces Plans to Cut Bank Reserves

Temitope Nlewemchi — Wed, 24 Jan 2024 21:28:25 +0000

In a move with potential implications for the financial landscape, China has announced plans to cut bank reserves. This decision signals a strategic shift in monetary policy aimed at addressing economic challenges, managing liquidity, and supporting lending activities within the country. **Key Points:** 1. **Monetary Policy Adjustment:** The decision to cut bank reserves reflects a [...]

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FG Is About To Re-Construct Grazing Reserves — Audu Ogbeh

David Folami — Sat, 16 Mar 2019 13:29:43 +0000

The Federal Government has said it plans on starting the reconstruction of grazing reserves in Nigeria. Minister of Agriculture and Rural Development, Audu Ogbeh revealed this recently. He said the reconstruction was vital to the Federal Government so it can be used to decrease the high unemployment rate in Nigeria. His words, “The grazing reserves [...]

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Court of Appeal Reserves Judgment On Kogi Governorship Seat

David Folami — Wed, 27 Jul 2016 10:25:39 +0000

The Court of Appeal in Abuja on Tuesday reserved judgment in the appeals challenging the election of Yahaya Bello of the All Progressives Congress (APC) as governor of Kogi. Rep. James Faleke of the (APC) and former governor Idris Wada of the Peoples Democratic Party (PDP), had appealed the judgment of the Governorship Election Petition [...]

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FG Has Dumped Grazing Reserves Idea – Audu Ogbeh

David Folami — Tue, 21 Jun 2016 23:31:19 +0000

The Minister of Agriculture, Chief Audu Ogbeh has revealed that the Federal Government has dumped the controversial idea of establishing grazing reserves and opted for the construction of ranches. Ogbeh made this revelation on Monday, June 20, 2016 at the Palace of the Lamido Adamawa. The minister said states that are not in support of [...]

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Grazing Reserves Cause Trouble In Kaduna

David Folami — Sun, 19 Jun 2016 02:57:43 +0000

A House of Representatives member, Gideon Gwani has condemned plans by Governor Nasir El-Rufai for planning to establish grazing reserves in Southern Kaduna. Gwani who represents the people of Kaura constituency in Kaduna State, said the people of Southern Kaduna are farmers and not cattle rearers. He also questioned the Governor’s decision to establish a [...]

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‘Victor Valdes Must Prove Worth In Reserves’

David Folami — Sun, 15 Feb 2015 23:36:32 +0000

January signing Victor Valdes must earn his spurs in Manchester United’s reserve side before he can be considered for a full first-team debut, according to manager Louis van Gaal. . The 33-year-old arrived at Old Trafford for a free transfer on an 18-month deal in January having been the bedrock of a Barcelona side that [...]

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Fulani Leader Begs FG To Create More Grazing Reserves

David Folami — Mon, 10 Feb 2014 20:53:55 +0000

A Fulani leader, Alhaju Abdulkadir Salihu, has appealed to the Federal Government to create more grazing reserves across the country to curb the incessant clashes between farmers and Fulani herdsmen. . Salihu made this known on Monday when he received members of the 2014 Press Week Committee of the Kwara State Council of Nigeria Union [...]

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