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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GOV. SANWO-OLU MOURNS EX-ICJ JUDGE, BOLA AJIBOLA.(PHOTO).#PRESS RELEASE.

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SANWO-OLU MOURNS EX-ICJ JUDGE, BOLA AJIBOLA



•Says death of former NBA President great loss to Nigeria


 


Lagos State Governor, Mr. Babajide Sanwo-Olu, has mourned the passage of the former Judge of International Court of Justice, Hague, Netherlands, Prince Bola Ajibola, describing his death as a big loss to the legal profession, the education sector, Ogun State and Nigeria as a whole.


 


Governor Sanwo-Olu described Prince Ajibola, former Nigerian Minister of Justice and Attorney General as a renowned jurist, seasoned administrator and philanthropist who served his country and the world meritoriously at different levels. 


 


In a condolence message issued by his Chief Press Secretary, Mr. Gboyega Akosile on Sunday, Governor Sanwo-Olu commended the ex-ICJ Judge for his legacies, sacrifice and dedication to nation-building and service to mankind.


 


Governor Sanwo-Olu also praised Prince Ajibola's contribution to the judiciary and education sectors as a lawyer, World Court Judge and founder of one of the foremost private universities in Nigeria, Crescent University, Abeokuta, Ogun State. 


 


The governor also commiserated with Ogun State Governor, Prince Dapo Abiodun and the entire people of the State, especially, indigenes of Owu Kingdom, on the demise of their illustrious son and elder statesman.


 


He said: “On behalf of the Government and people of Lagos State, I want to express my sincere condolences to the family, friends and associates of Prince Bola Ajibola on the demise of our elder statesman and renowned jurist.


 


"Prince Ajibola lived a fulfilled life having made positive impacts during his lifetime. The elderly and wise counsel of the jurist will be sorely missed not only by his family but the entire people of Owu Kingdom and Ogun State where he played active roles in its development for many years before he passed on.


 


"I want to urge the late Prince Bola Ajibola’s family, friends, judiciary and education sectors and the entire people of Owu Kingdom to immortalise the good name of the late lawyer and educationist.


 


“I pray that God will grant him eternal rest and give his immediate family, friends and the people of Ogun State, the fortitude to bear the irreparable loss"

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