Remittances to African countries are expected to decrease by 5.4 percent from $44 billion in 2020 to a projected total of $41 billion in 2021, due...
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala has said the contributions of Nigerians at home and abroad could positively impact the nation’s economy...
The Federal Government said that the COVID-19 pandemic has wiped off 20 percent of the $25bn annual diaspora remittances to Nigeria. The government noted that various...
The pan-African credit rating agency, Agusto & Co has projected that Nigeria’s diaspora remittances will reach $22 billion by 2021, representing a year-on-year (y-o-y) rise of...
Nigeria’s diaspora remittances declined by 27.7 percent or $4.65 billion from $21.45 billion in 2019 to $16.8 billion in 2020, according to the World Bank Migration...
The new “Naira 4 Dollar” initiative was introduced because of the failure of the diaspora remittance policy announced in November 2020, when the apex bank adjusted...
CBN to Pay Receivers of Diaspora Remittances N5 for Every $1 Received In a desperate move to encourage diaspora remittances, the Central Bank of Nigeria (CBN)...
Central Bank of Nigeria Orders Closure of all International Money Transfer Operators’ Naira Accounts In an effort to ensure that all Deposit Money Banks adhere to...
COVID-19 Plunged Nigeria’s Foreign Remittance Inflows to $3.3 Billion in Q2 2020 Data from the Central Bank of Nigeria has shown that Nigeria’s remittance inflows hit...
Polaris Bank has commenced the payment of dollars to recipients of remittance inflows across all its branches. In a statement forwarded to all customers, the bank...