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...
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...