Post by Proshare (@Proshare)

EA-Proshare Q2 2026 Shocks Review: Nigeria Weathered a $114/bbl Oil Spike

Brent crude hit $114.44/bbl intraday in May 2026. Nigeria didn't blink. EA-Proshare's Q2 2026 Shocks Realities scorecard confirms the naira held, the FX premium compressed to 2.11%, and gross reserves hit a 17-year high of $51.46bn, all while absorbing the largest oil-price shock since 2022. But the quarter's unresolved story is fiscal, as a N31.46trn financing gap, Finance Minister replaced four days after budget assent, and CBN HoldCo capital exposure drafts that could require Nigeria's biggest banking groups to raise over N300bn.

https://proshare.co/articles/nigerias-q2-2026-shocks-realities-insulated-not-immune?menu=Economy&classification=Read&category=Nigeria

EA-Proshare Q2 2026 Shocks Review: Nigeria Weathered a $114/bbl Oil Spike Brent crude hit $114.44/b...

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