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 governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Africa’s largest economy Nigeria will attract $1 billion in diaspora remittances in 2025....
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...
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...
Nigeria has been grappling with a foreign exchange crisis but recent data offers a glimmer of hope, indicating a positive shift in the country’s economic outlook....
Remittance to Sub-Sahara Africa rose to $53 billion in this year
Capital inflow into Nigeria's oil sector has dropped by more than 82 percent in the second quarter of 2022.
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...
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...
Egypt Leads Nigeria, South Africa in Foreign Direct Investment The United Nations Trade Association has Nigeria recorded a total of $2.6 billion in Foreign Direct Investment...