Nigeria’s Balance of Payments (BoP) surplus fell to $4.23 billion in 2025, according to the Central Bank of Nigeria (CBN).

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DinoOmoAle

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Feb 28, 2023
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The figure is lower than the $6.83 billion recorded in 2024.

The latest figures show mixed performance across the current account, financial account, and income balances, reflecting both improvements in export composition and rising external obligations during the year.

What the report is saying​

The CBN’s BoP statistics for 2025 highlight the following:

  • “Provisional BOP statistics for 2025 shows a current account surplus of US$14.04 billion, which was lower than the US$19.03 billion in the previous year but significantly higher than the US$6.42 billion recorded in 2023,” the apex bank noted.
  • “Debit balance in the services account increased to US$14.58 billion in 2025, from US$13.36 billion recorded in 2024. The increase in net outpayments for services was as a result of higher net import of transport, travels, insurance and government services not included elsewhere,” the report added.
The goods account posted a surplus of $14.51 billion, up from $13.17 billion in 2024.
 
DinoOmoAle said:
The figure is lower than the $6.83 billion recorded in 2024.

The latest figures show mixed performance across the current account, financial account, and income balances, reflecting both improvements in export composition and rising external obligations during the year.

What the report is saying​

The CBN’s BoP statistics for 2025 highlight the following:

  • “Provisional BOP statistics for 2025 shows a current account surplus of US$14.04 billion, which was lower than the US$19.03 billion in the previous year but significantly higher than the US$6.42 billion recorded in 2023,” the apex bank noted.
  • “Debit balance in the services account increased to US$14.58 billion in 2025, from US$13.36 billion recorded in 2024. The increase in net outpayments for services was as a result of higher net import of transport, travels, insurance and government services not included elsewhere,” the report added.
The goods account posted a surplus of $14.51 billion, up from $13.17 billion in 2024.
Click to expand...
Mixed signals here. The current account is still strong, but the drop from last year shows some pressure.

Exports are improving, which is good, but rising service imports and external payments are dragging things down.

Overall, still positive—but Nigeria needs to control those outflows to sustain the gains.
 
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