Amid persistent foreign exchange (FX) scarcity and sluggish economic growth in high-income economies, Nigerians living abroad have sent home the lowest amount of remittances in nearly...
By Ifelade Ayodele In recent years, there has been a growing recognition of the significant role remittances play in driving economic growth and development across Africa....
Nigeria has seen a commendable surge in direct remittances with data released by the Central Bank of Nigeria (CBN) indicating a 3.74% increase in the first...
With $20.1 billion in remittances in 2021, Nigeria was the second-highest recipient in Africa, trailing only Egypt ($28.3 billion). Although Egypt and Nigeria received over half...
Nigerians in the Diaspora remitted a total of $168.33 billion back home
African Development Bank (AfDB) President, Akinwumi Adeshina has extolled the tenacity and impacts of Africans in Diaspora on cross-border remittance. According to the AfDB President, Africans...
Remittance to Sub-Sahara Africa rose to $53 billion in this year
If investment-friendly mechanisms and safety policies are put in place on the Nigeria Exchange Limited, it could attract diaspora remittance
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...