Press Release
Nigeria posts $6.83 Billion balance of payments surplus in 2024, signalling economic resurgence
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.
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.
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