Nigeria Posts $5.14 Billion Current Account Surplus, Strengthening Forex Stability

Nigeria records a current account surplus of $5.14 billion (11.46% of GDP) in Q2 2024, marking a significant increase from the $3.38 billion (7.35% of GDP) surplus reported in the previous quarter, according to data from the Central Bank of Nigeria (CBN). This surplus reflects improvements in the nation’s external balance, driven by a reduction … Continue reading Nigeria Posts $5.14 Billion Current Account Surplus, Strengthening Forex Stability