Category : Search result: current account surplus


Nigeria's Fuel Exports Jump 44%, Hits $3.42bn Surplus

Nigeria's current account surplus reached $3.42bn in Q3 2025, driven by a 44% surge in refined fuel exports. This marks a pivotal shift as domestic refining capacity grows, reducing import dependency. Discover the details and what it means for the economy

NNPC remits N12.1trn, reports N502bn profit in 2025

NNPC Limited remitted N12.117 trillion to the Federation Account in ten months, reporting strong revenue and profit growth. Oil production held steady as key gas pipeline projects near completion.

Tax Chief: No Auto-Debit from Accounts in New Law

Taiwo Oyedele assures Nigerians the new tax reforms will not lead to automatic bank debits. The system is based on self-declaration, targeting high-income individuals. Read details.

Wike: Governors Blindfolded by Subsidy Cash

FCT Minister Nyesom Wike criticizes state governors for financial mismanagement post-subsidy removal. He reveals his own fiscal record and warns against money-driven politics. Read his full analysis.

Nigeria records $4.6bn BoP surplus in Q3 2025

Nigeria's external sector strengthens as the CBN reports a $4.6 billion Balance of Payments surplus for Q3 2025, driven by trade gains and rising reserves. Read the full analysis.

NNPC Debt Waiver: Only Penalties Forgiven

Clarification emerges that NNPC's $1.42bn and N5.57tr debt waiver covered only interest and penalties, not core royalties. CHRICED slams the move as reckless and opaque.

Nigeria's Q3 Current Account Surplus Falls 41%

Nigeria's current account surplus dropped sharply to $3.42bn in Q3 2025, a 41% decline. Explore the CBN data on oil exports, remittances, and rising external obligations shaping the nation's balance of payments.

Gmail Users Can Now Change Their Email Address

Google has introduced a long-awaited feature allowing users to change their @gmail.com address while keeping all data. The global rollout appears to have started in India.

Trader Recounts Balogun Market Fire Start at 4 PM

A trader shares her eyewitness account of the Balogun Market fire, revealing it began with smoke around 4 PM. She criticizes the initial response and explains how her mother's warning saved her goods.

Mother Spends All Savings to Fly Daughter Over Kidnapping

A Nigerian mother made the ultimate sacrifice, draining her bank account to buy a flight ticket for her daughter, fearing road travel due to rampant kidnappings. Her story highlights the daily terror many face. Read her emotional plea for safety.

EKIRS: No Account Freeze Over TIN in New Tax Reform

The Ekiti State Internal Revenue Service clarifies that the new tax reforms will not freeze accounts without TIN. Chairman Olaniran Olatona urges calm, stating the goal is fair taxation, not hardship. Read more.

Federation Account Hits N23trn in 10 Months

Revenue inflows into Nigeria's Federation Account surged to N23.06 trillion in the first ten months of 2025, driven by fiscal reforms and digital tracking. Learn about the growth and the new tax law.

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