NIGERIA POSTS $6.83 BILLION BALANCE OF PAYMENTS SURPLUS IN 2024, SIGNALING ECONOMIC RESURGENCE AND VALIDATING RENEWED HOPE AGENDA. (PHOTOS). #PRESS RELEASE

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 Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Signaling Economic Resurgence and validating Renewed Hope Agenda  The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. This improvement reflects the impact of wide-ranging macroeconomic reforms, stronger trade performance, and renewed investor confidence in Nigeria’s economy. Stronger Trade and External Account Performance The current and capital account recorded a surplus of $17.22 billion in 2024, underpinned by a goods trade surplus of $13.17 billion. Petroleum imports declined by 23.2% to $14.06 billion, while non-oil imports fell by 12.6% to $25.74 billion. On the export side, gas exports rose by 48.3% to $8.66 billion, and non-oil exports increased by 24.6% to $7.46 billion. Remittance inflows remained resilient, with personal remittanc...
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COURT JAILS MAN FOR FALSE ASSET DECLARATION.{PHOTO}

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     The Gombe zonal office of the Economic and Financial Crimes Commission (EFCC) has secured the conviction of Haruna Adamu, before Justice Fatima Musa of the Gombe State High Court, on one count charge bordering on non- disclosure of assets and liabilities in the EFCC's Assets Declaration form.
Haruna was arrested sometimes in 2019, following claims by a petitioner alleging that he offered him a piece of land situated at Daki Biyu area of Abuja worth N12, 000, 000. 00k( Twelve Million Naira only)
The petitioner said he paid a sum of N7, 300,000.00k( Seven Million, Three Hundred Thousand Naira only) to purchase the land but could not gain possession because the original allottee of the land appeared and took ownership of the land. All efforts to get Haruna return the money collected from the petitioner proved abortive.
In the course of investigation, the convict was served an Assets Declaration to establish his banking history and other details but failed to disclose a bank account, where he has huge amount of money. He was consequently arraigned but pleaded guilty to the charge raised against him.
In view of his plea, prosecution counsel, S. E. Okemini urged the court to convict and sentence him accordingly.
Justice Musa convicted and sentenced him to one year imprisonment without an option of fine. Meanwhile, Haruna is still facing trial of obtaining the sum of N7.3m by false pretence.
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