Experts attribute Nigeria’s $3.73bn balance of payments surplus to FX depreciation, Dangote Refinery

Economic experts have linked Nigeria’s $3.73 billion balance of payments (BOP) surplus in the first quarter of 2025 to the depreciation of the naira and the ramp-up of domestic fuel production from the Dangote Refinery. In its report, the apex bank stated that data from Q1 2025 shows a current account surplus of $3.73 billion, [...]The post Experts attribute Nigeria’s $3.73bn balance of payments surplus to FX depreciation, Dangote Refinery appeared first on Nigerian NewsDirect.

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