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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DON'T RELEASE NNAMDI KANU, ASARI DOKUBO TELLS TINUBU. (PHOTO).

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Don’t Release Nnamdi Kanu, Asari Dokubo Tells Tinubu

June 16, 2023

Releasing Nnamdi Kanu, leader of the outlawed Indigenous People of Biafra (IPOB), will be tantamount to rewarding criminality, Niger Delta leader, Asari Dokubo, has said.

Kanu, who is standing trial for terrorism, has been in custody of the Department of State Services (DSS) since his re-arrest in 2021.

A Federal High Court in Abuja had granted him bail in 2017 but he flouted the bail conditions and subsequently fled the country.

President Muhammadu Buhari had resisted the pressure to release Kanu, but with the entry of a new government, fresh calls are being made for the IPOB leader’s release.

Governor Peter Mbah of Enugu State had discussed the issue of Kanu when he met with President Bola Tinubu.

Speaking with reporters after meeting President Bola Tinubu, Dokubo who has also fought the Federal Government in the past, said Kalu should be made to face the law.

“His release would fuel impunity; during EndSars, Nnamdi Kanu was walking free. What did he do? He poured petrol on the flames of EndSars. Now, he has been caught. What of the people who have died? This is a criminal. He should face the law.

“Releasing Nnamdi Kanu is rewarding criminality and rewarding gruesome murder of innocent people. He should face the law for the actions and instigations he has carried out,” he said.

Recall that Dokubo and Kanu had a very bitter relationship before the later was arrested.

Kanu had accused Asari Dokubo of defrauding him N20m, but the ex-militant fired back, saying that Kanu is a thief using the agitation for Biafra as a business.

 

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