PalmPay, a leading Nigerian fintech company with over 30 million users and $6 billion in monthly transaction volume, has announced plans to explore the lucrative global...
The Central Bank of Nigeria (CBN) has reported a substantial increase in direct remittances, recording a 163% surge over the past five months. The data reveals...
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...
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
According to a new report from United Nations Economic Commission for Africa (UNECA), remittances to Africa are projected to drop by 5.4 percent to $41 billion...
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...
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...