CBN Reforms Drive Nigeria's BoP Surplus to $4.60 Billion, Boosting Economic Growth
The Central Bank of Nigeria's (CBN) financial sector reforms have significantly contributed to the growth of Nigeria's balance of payments (BoP) surplus, reaching $4.60 billion in the third quarter of 2025. These reforms have strengthened the external sector fundamentals, increased investor confidence, and led to a surge in diaspora remittances and foreign capital inflows.
The CBN's initiatives, including rebuilding FX reserves, supporting non-oil exports, and enhancing market functions, have resulted in a turnaround from deficits to surpluses. Nigeria's BoP surplus reflects improved trade performance, higher export earnings, and increased foreign exchange reserves.
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