Nigeria: CBN announces Nigeria’s economic resurgence, declares $6.83bn balance of payments surplus — Africa Links 24

The Central Bank of Nigeria, CBN, has announced a Balance of Payments, BOP, surplus of 6.83 billion dollars for the 2024 financial year.

According to a statement issued by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this marks a decisive turnaround from deficits of 3.34 billion dollars in 2023 and 3.32 billion dollars in 2022.

Mrs Sidi-Ali said that the improvement reflected the impact of wide-ranging macroeconomic reforms, stronger trade performance,…