The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s balance of trade position has reversed from surplus to deficit, recording a $20 million trade deficit in November 2022 as against a surplus of $50 million in the previous month, October 2022. CBN revealed this in its Monthly Economic report,[Read More…]
Tag: Nigeria’s Balance of Trade Records $20m Deficit
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]