Nigeria’s Balance of Payments jumps by $2.80 million — CBN

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Nigeria’s Balance of Payments jumps by $2.80 million — CBN
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$4.54 million was recorded in the third quarter of 2018.

The Central Bank of Nigeria said on Wednesday that the country’s Balance of Payment improved by a surplus of $2.80 million in the fourth quarter 2018, from $4.54 million recorded in the third quarter of same year.

“The overall balance of payments recorded a surplus of $2.80 million compared to a huge deficit of $4,542.08 million and a surplus of $6,180.40 million recorded in the preceding quarter and corresponding period of 2017, respectively. The bank also said that the current account indicated a positive outcome during the period under review.

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