Dangote Fuel: More Dollar to Enter Nigeria as CBN Gives New Prediction [Video]

• Nigeria’s current account balance is predicted to show a bigger $6.96 billion surplus this year according to CBN data
• This year’s current account position will be greater than the $5.31 billion amount from the prior year
• According to the report, OPEC+’s production cuts are likely to result in increased export income

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

This year, Nigeria’s current account position is expected to record a larger surplus of $6.96 billion, according to a macroeconomic analysis released by the research department of the Central Bank of Nigeria (CBN).

A record of Nigeria’s foreign dealings with the rest of the world is kept in the current account balance of payments.

The current account position for this year will surpass the $5.31 billion figure from the previous year. Increased remittances from the diasporaand …