CBN Announces 107% Increase In Nigeria’s Trade Surplus To $2.2bn
The Central Bank of Nigeria, CBN, has disclosed that Nigeria’s trade surplus reached $2.2 billion in January 2025, rising by 107.5 percent month-on-month (MoM) from $1.06 billion in December 2024. The Apex made the disclosure in its Economic Report for January 2025, citing increased value of export and import as the cause of increase in […]
Naira Depreciates Against Dollar After Trump’s Tariff Pause
The naira depreciated against the dollar at both official and parallel foreign exchange markets after US President Donald Trump’s announcement of a 90-day pause on global tariffs, except for China. The Central Bank of Nigeria’s exchange data showed that the naira dropped to N1628.93 per dollar on Wednesday, barely 24 hours after having a 0.60 […]