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NIGERIA'S BALANCE OF PAYMENTS

Economy

Experts attribute Nigeria’s $3.73 billion 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.

Olalekan Adigun · Jun 29, 2025 4 min