CBN Announces $6.83 Billion Surplus For 2024 Financial Year - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › CBN Announces $6.83 Billion Surplus For 2024 Financial Year (5469 Views)
| CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Estello(op): 4:17pm On Apr 09, 2025 |
The Central Bank of Nigeria (@cenbank ) has announced a Balance of Payments (BOP)https://x.com/DOlusegun/status/1909954260889985447?t=VZIMpLKh_N9fzEMZbUiHWA&s=19 7 Likes 2 Shares
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| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by TimmyA: 4:20pm On Apr 09, 2025 |
And the surplus has been embezzled 9 Likes 2 Shares |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Standing5(m): 4:33pm On Apr 09, 2025 |
Politics of figures. Where is the impact being felt? Budget is epileptic, debt is blossoming, people are crossing over. 19 Likes 3 Shares |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by chicfarmer: 4:38pm On Apr 09, 2025 |
Where is the surplus    11 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by TyroneP(m): 4:39pm On Apr 09, 2025 |
Standing5:That's the question... The government should let it reflect on human and food security. 5 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Karlovych: 4:44pm On Apr 09, 2025 |
 The builder of Lagos is in France with the surplus 9 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Nobody: 4:53pm On Apr 09, 2025 |
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is a blessing upon Nigeria. At this point, even Americans will crave to have a Tinubu than the current dumb dictator they have in the White House. 11 Likes 2 Shares |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by zero8zero(m): 5:00pm On Apr 09, 2025 |
Standing5:The problem with you wailers is not you're just a crying robot with no mental capacities. You guys always talk as if debts is a crime. New York state budget is $229b while its debt is up to $180b. You guys are bunch of Illiterates. 17 Likes 4 Shares |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Skydivine: 5:12pm On Apr 09, 2025 |
Why did they remove subsidy ? The only thing that ordinary Nigerians were indirectly benefiting. This same surplus will still disappear without any impact on the citizens. 2 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Brendaniel: 5:13pm On Apr 09, 2025 |
If this does not reduce the price of dollar, food, goods and services then it is bullshit to an average Nigerian... Nigerians want to experience good governance and not only read it on paper 5 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by TimeManager(m): 5:13pm On Apr 09, 2025 |
No one does it better than Cardoso. -Kiss the truth! 8 Likes 3 Shares |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Quarterpast(m): 5:14pm On Apr 09, 2025 |
What's the use when it can't better the lives of the Nigerian people? 4 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by mactoni91(m): 5:15pm On Apr 09, 2025 |
Yet they still want to borrow... APC and Propaganda ehn. 4 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by IamCookie(f): 5:17pm On Apr 09, 2025 |
Kudos to President Tinubu , and his ability to match the right people with the right job ...  2 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Kelklein(m): 5:17pm On Apr 09, 2025 |
Same CBN is going to borrow $10.5 million Dollar loan.. Why must you borrow.. why not take out of your so-called 'surplus'. Or is there something we don't know.. like the more you look, the less you see..🤔🤔 3 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by malali: 5:19pm On Apr 09, 2025 |
1. Surface-Level Accounting Without Structural Fixes: • The BOP surplus is heavily trade-driven — not productivity-driven. • Export increases mostly due to favorable global oil/gas prices — not value-addition or industrialization. • Import declines stem from FX restrictions & weak domestic demand, not local production ramp-up. Implication: This is a fragile surplus vulnerable to commodity price shocks. 2. No Mention of Inflation Control: • Omission of Nigeria’s prevailing inflation crisis (March 2024 CPI above 30%) weakens credibility. • Inflation undermines real income growth despite headline BOP surplus. 3. Remittance Growth Masking Economic Hardship: • Rise in remittances often signals worsening domestic conditions pushing Nigerians abroad to send money home. • Dependency on diaspora inflows could mask poor local economic productivity. 4. FDI Data Looks Manipulated or Cherry-Picked: • “Portfolio Investment inflows rose 106%” is likely short-term hot money chasing high Naira interest rates — not long-term productive capital. • Lack of sectoral breakdown suggests possible inflows into non-productive assets. 5. Foreign Debt Omitted: • Document conspicuously ignores Nigeria’s rising external debt servicing obligations. • Net reserve position after debt servicing could be much weaker. This press release feels like political economic window dressing — designed to build market confidence ahead of a possible sovereign Eurobond issuance or external borrowing round. Most likely Prepping narrative for foreign investors & ratings agencies — not an honest domestic growth story. 3 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by allthingsgood: 5:19pm On Apr 09, 2025 |
TimmyA:Go school u no gree Trade surplus is not money in the bank sir 5 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by allthingsgood: 5:20pm On Apr 09, 2025 |
mactoni91:Smh Try to understand economics sir Trade surplus is not is not money in the bank 4 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by PheelzAlmighty: 5:23pm On Apr 09, 2025 |
I like this country like mad They will be reporting one thing, you will be experiencing another thing 😒 Anything you can do against poverty, don't joke with o....we are clearly on our own in this country. If you like, swallow the lamba |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by GboyegaD(m): 5:23pm On Apr 09, 2025 |
What was the depletion in the foreign reserves used for? |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Akamon(m): 5:24pm On Apr 09, 2025 |
The Nigerian youths are political in their comments. If the reports states negative indices, niaralanders will remind Nigerians that the current government is clueless but since this report is a positive one all comments are pointing to embezzlement. Nigerians are black hearted people with no good intentions for anything. We can't grow with this kind of Nigerians. 4 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Kelklein(m): 5:25pm On Apr 09, 2025 |
allthingsgood:Trade surplus means what you exported (and was paid for) is higher than what you imported (and you paid for).. it's technically money in the bank, Mr Economist |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by freshvine(f): 5:28pm On Apr 09, 2025 |
Have you noticed Tinubu is appointing Muslim yorubas into offices and abandoning the Christian yorubas. Yet it's the Christians yoruba pastors championing prayers in their churches for Nigeria and it's leaders. So much for religious discrimination. |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by Buccalcavity2: 5:32pm On Apr 09, 2025 |
Majority that commented mistook Trade surplus for Budget surplus. Get yourself educated folks and stop sulking election loss! This is a good development. Good work BAT! 4 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by omooba969(m): 5:33pm On Apr 09, 2025*. Modified: 5:57pm On Apr 09, 2025 |
What does the surplus mean for the common man? |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by AndroBlaze: 5:33pm On Apr 09, 2025*. Modified: 6:04pm On Apr 09, 2025 |
Kelklein:Na wa oooooo..... Why did Elon Musk borrow to buy Twitter? Why did Dangote borrow to build his refinery? Why did Stan Kronke borrow to buy Arsenal? If the money the FG borrowed was to create wealth (which is what proper budgets are meant to do), then it is in line with what rich people have been doing since the invention of loans. 3 Likes 1 Share |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by omooba969(m): 5:34pm On Apr 09, 2025 |
freshvine:Are we all not Nigerians? 3 Likes |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by walozanga(m): 5:41pm On Apr 09, 2025 |
Food is ready |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by EdiskyHarry: 5:43pm On Apr 09, 2025 |
Rubbish |
| Re: CBN Announces $6.83 Billion Surplus For 2024 Financial Year by ElSudani: 5:48pm On Apr 09, 2025 |
Kelklein:In the bank accounts of the people doing the exporting. Are you exporting anything or just waiting for Tinubu to share the "surplus"? My Naija people. 1 Like |
₦14.83 Billion Earmarked To Feed Over 91,000 Prison Inmates In 2026 • Nigeria Posts $6.83 Billion Balance Of Payments Surplus In 2024, Says CBN • NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January • 2 • 3 • 4
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