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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GOV. ABIODUN APPOINTS NEW ACCOUNTANT GENERAL,SOLICITOR GENERAL,7 PERMANENT SECRETARIES.(PHOTO).#PRESS RELEASE.

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Gov. Abiodun appoints new Accountant General, Solicitor General, 7 Permanent Secretaries

Ogun State Governor, Prince Dapo Abiodun has approved the appointment of eight new Permanent Secretaries and a new Accountant General for the State.

A statement by the Governor’s Chief Press Secretary, Kunle Somorin said "the new appointees will fill the existing vacancies among the rank of Permanent Secretaries in the State Public Service.

“Seniority, merit, professionalism and inclusiveness are considered in the appointment of the Permanent Secretaries and the Accountant General for the State in the exercise of the Governor’s power under the provision of Section 208 (c) of the 1999 Constitution of the Federal Republic of Nigeria (as amended)".

The new Permanent Secretaries are:

i. Mr. Waheed Adesina;
ii. Mr. Adetayo Adewale;
iii. Mr. Adedayo Oluyemi Somoye;
iv. Mr. Oluwaseyi Sokoya;
v. Dr Qudus Adegboyega Yusuf;
vi. Mr. Adenopo Adegbenga; and
vii. Dr. Oladeinde Moshood Kayode.

The statement noted that Messrs Adebayo Bamidele and Mr. Aregbesola Thomas Babatunde will function as the State's new Solicitor General and Accountant General respectively. 

While congratulating the new appointees, Governor Abiodun urges them to brace up for the challenges of their positions and apply themselves diligently to the “Building Our Future Together" Agenda of the Administration.

 

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