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...
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...
The Central Bank of Nigeria (CBN) has started focusing on how to better harness Nigeria’s huge diaspora remittances as seen in recent foreign exchange policy geared...