Macro Analysis /
Nigeria

Nigeria's current account deficit falls sharply to US$424mn in Q2

  • Sharp moderation in CA deficit due to rising oil exports, workers' remittances and government transfers

  • Chronic deficit in service account widens driven by personal travel and insurance payments

  • Provisional data show highest FDI inflow since June 2013 (due to retained revenue)

Metodi Tzanov
EmergingMarketWatch
21 September 2021