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BALANCE OF PAYMENT
Nigeria’s balance of payment account surged significantly in the first quarter of 2022 to $2.58 billion from $54.22 million recorded in the previous quarter.
Nigeria’s balance of payment account has hit a surplus of $3.68 billion in the third quarter of 2021.
Nigeria has a cumulative current account deficit of $9.1 billion and BOP of $4 billion as of the third quarter of 2019
As the economic mainstay remains oil and gas, FSDH is worried about Nigeria's Balance of Payment.