TRUMP ADMINISTRATION HALTS BORDER WALL WELL DRILLING IN NEW MEXICO AFTER RANCHERS RAISE WATER CONCERNS. (PHOTO).

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 Trump administration halts border wall well drilling in New Mexico after ranchers raise water concerns  The Trump administration has ordered contractors building a border wall in New Mexico to stop drilling new wells after ranchers raised concerns that groundwater pumping for construction could worsen drought conditions and threaten their livestock. The move comes as crews work to expand border barriers across four states as part of President Donald Trump’s immigration agenda. The project has received billions in federal funding and has faced criticism from residents, environmental groups and local officials over various impacts. U.S. Customs and Border Protection, which oversees construction, has said water is needed for concrete production, road construction and controlling dust. However, ranchers in southern New Mexico say water supplies are already under strain due to ongoing drought, forcing some to reduce their cattle herds. Russell Johnson, a rancher whose property bor...
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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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