NIGERIA POSTS $6.83BN BALANCE OF PAYMENTS SURPLUS IN 2024 — CBN. (PHOTO)

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 Nigeria Posts $6.83bn Balance of Payments Surplus in 2024 — CBN The Central Bank of Nigeria (CBN) has announced a $6.83 billion Balance of Payments surplus for 2024, reversing deficits recorded in the previous two years. In a statement on Wednesday, the apex bank attributed the surplus to macroeconomic reforms, improved trade performance, and stronger investor confidence. Key highlights include a $13.17 billion trade surplus, a 48.3% surge in gas exports, and $20.93 billion in personal remittances. Portfolio investments more than doubled to $13.35 billion, while foreign reserves rose by $6 billion to $40.19 billion. Despite a 42.3% drop in FDI, the CBN said the overall outlook remains strong, citing improved data accuracy and the success of FX market reforms.
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4 MEN JAILED TODAY FOR KILLING A SCOTTISH GEOLOGIST.

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                    A Scottish Geologist,who was murdered in August 2009,received justice for his death today after four men armed with clubs,spears,bows and arrows attacked and killed the geologist,Campbell Bridges,were sentenced today thursday by a Kenyan court.The court sentenced the four men to 40 years imprisonment each after finding them guilty of killing the 71 year old germstone expert,who hadsettled in Kenya in 1975,owned several germstone mones in Voi area.He was attacked as he drove his pick up truck with his son and four other Kenyans.The accused were identified as 42 year old Mohamed Dadu Kokone,58 year old Alfred Makoko Njuruka,49 year old Samwel Machala and 56 year old Jame Chacha,had all denied the changes in 2009 and were all out on bail except Kokone who failed to raise the cash bond.

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