Nigeria posts first balance of payments surplus in three years

Cardoso flags Middle East war as risk to inflation, rate cut

Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN)

Nigeria recorded its first balance of payments surplus in three years as reforms including boosting oil and gas production, removing fuel subsidies and free-floating the naira paid off. Africa’s largest oil producer posted a surplus of $6.83 billion in 2024, compared with a $3.34 billion defici

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