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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EFCC DOCKS UNDERGRADUATE WHO POSED AS 'RYAN MURRAY' TO COMMIT INTERNET FRAUD.{PHOTO}.#PRESS RELEASE.

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     Justice E.A. Obile of the Federal High Court sitting in Port Harcourt, Rivers State has remanded Sunday Noble, a 25-year-old undergraduate of the University of Port Harcourt, at the Port Harcourt Correctional Centre for impersonation and obtaining money by false pretence.
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The defendant was arraigned by the Economic and Financial Crimes Commission EFCC, Port Harcourt's Zonal office, on March 10, 2020 on a four-count charge.
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