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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TROOPS BURST GUN RUNNER ARMOURY IN UGHELLI, RECOVER LARGE, CACHE OF ARMS, AMMUNITION. (PHOTOS). #PRESS RELEASE.

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 TROOPS BURST GUN RUNNER ARMOURY IN UGHELLI, RECOVER LARGE, CACHE OF ARMS, AMMUNITION



In a successful operation to eradicate illegal weapons in the South South Region, Nigerian Army troops have uncovered an armoury containing significant cache of arms and ammunition at the residence of a gun runner in Olota Community and adjoining communities of Ughelli South Local Government Area, Delta State.


Responding to actionable intelligence, the troops raided the identified armoury concealed in the residence of one Mr Kenneth, a notorious gun runner in the said community. A search of the armoury yielded one G3 Rifle, 853 rounds of 7.62mm NATO, and 19 rounds of 7.62mm special. The operation further extended to other adjoining locations within the community, resulting in the discovery of four G3 Rifles and magazines, one Pump Action Semi Automatic Gun, 3 Sub-Machine Guns (SMG) and Magazines, as well as 476 Live Cartridges.


 Additionally, the troops recovered 5 locally fabricated Guns, a large plastic bag containing substance suspected to be cannabis sativa, and two Speed Boats with 75 Horsepower outboard engines. The troops also apprehended three suspects during the operation.


The Nigerian Army remains resolute in sanitizing and mopping up illicit munitions in possession of criminal elements in the region, as it works tirelessly to maintain peace and security for all law-abiding citizens.. 

More photos below. 















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