Depreciation of the Naira, Dangote Refinery Drive Nigeria’s $3.73bn Balance of Payments Surplus in Q1 2025

Nigeria recorded a balance of payments (BoP) surplus of $3.73 billion in the first quarter of 2025, a development economic experts have linked to the weakening of the naira and the increase in domestic fuel production from the Dangote Refinery. This is the second consecutive quarter of surplus, underscoring a notable shift in Nigeria’s external [...]The post Depreciation of the Naira, Dangote Refinery Drive Nigeria’s $3.73bn Balance of Payments Surplus in Q1 2025 appeared first on Tekedia.

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