Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Signaling Economic Resurgence.

This reports it says will 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.