Nigeria Economic Update (Issue 50)

The provisional Balance of Payment (BOP) estimates for 2018Q3 disclosed a significant reversal and deterioration in Nigeria’s BOP position, relative to the corresponding quarter in 2017 and 2018Q2. Overall BOP slumped to a deficit of $4.5 billion1, from surpluses of $503.9 million and $2.8 billion in 2018Q2 and 2017Q3 respectively.

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