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NG_Gov
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Press Release - Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Signaling Economic Resurgence. Our reports indicate a Balance of Payments surplus of $6.83bn for 2024, marking a sharp turnaround from deficits in 2023 and 2022. Nigeria’s BOP surplus in 2024 reflects the impact of wide-ranging macroeconomic reforms, stronger trade performance, and renewed investor confidence in Nigeria’s economy.
#CBN
#NigeriaEconomy
#ReformWins
#BOPSurplus
Nigeria’s current & capital account posted a $17.22bn surplus in 2024, led by a $13.17bn goods trade surplus. Petroleum imports fell 23.2%; Non-oil imports down 12.6%; Gas exports surged 48.3%; and Non-oil exports rose 24.6%. Stronger trade, stronger economy.
#NigeriaEconomy
#CBN
#TradeSurplus
#PressRelease
#CBN
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