Balance of Payments – An Analysis of Development in Nigeria

Balance of Payments – An Analysis of Development in Nigeria

Balance of payments is a systematic statistical record of the economic transactions between the residents of one country ad those of the rest of the world during a given period, usually one year.  In other words, the balance of payment statement is a device for recording all the economical transactions within a given period between all residents of one country ad the rest of the world, that is, the residents of the other countries. [Read more…]