GOV. ODODO’S EXECUTIVE PROCLAMATION NOT STATE OF EMERGENCY . (PHOTO).

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 Gov. Ododo’s Executive Proclamation Not State of Emergency  Kogi State Governor, Alhaji Ahmed Usman Ododo  has clarified that his recent Executive Proclamation on security protocols in the state is not a declaration of a state of emergency but a set of necessary measures to enhance the security architecture to crackdown on criminals in all parts of the state.  This was contained in a statement by the Special Adviser on Media to the Governor, Hon. Ismaila Isah, explaining that the proclamation is a lawful constitutional measure aimed at strengthening security coordination and protecting lives and property across Kogi State.  Gov. Ododo emphasized that it is within his powers as the Chief Security Officer of the state under Section 14 subsection 2(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended). He noted that the proclamation seeks to enhance collaboration among security agencies without suspending constitutional rights or declaring a ...
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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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