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Tag "diaspora remittances"

CBN: Nigerians can now collect diaspora remittances in naira

    CBN: Nigerians can now collect diaspora remittances in naira

The Central Bank of Nigeria (CBN) has announced the inclusion of the naira, the country’s legal tender, as a payout option for diaspora remittances. The apex bank also directed that

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Expert: How FG can encourage more diaspora remittances

    Expert: How FG can encourage more diaspora remittances

Olufemi Odebode, chief executive officer (CEO) of Legwork, says the federal government can encourage diaspora remittances by ramping up infrastructure in the country. Legwork is a company seeking to create

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World Bank: Nigerians in diaspora spent $2.9bn to send $34bn in one year

    World Bank: Nigerians in diaspora spent $2.9bn to send $34bn in one year

Sub-Saharan Africa remains the costliest to send remittances as Nigerians in diaspora spent $2.94 billion to send $34.8 billion between 2020 and 2021. The World Bank revealed this in its

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Stemming the search for greener pastures by Nigerian healthcare professionals

    Stemming the search for greener pastures by Nigerian healthcare professionals

BY ZAINAB SHINKAFI-BAGUDU On July 10, 2020, agents of the Nigerian Immigration Service (NIS) prevented the departure of 58 Nigerian medical doctors from Murtala Mohammed International Airport (Lagos) on a

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COVID-19: Nigeria’s annual diaspora remittances reduced by 20%, says FG

  COVID-19: Nigeria’s annual diaspora remittances reduced by 20%, says FG

The federal government says the COVID-19 pandemic impacted diaspora remittances into Nigeria as it witnessed a 20 percent reduction from

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Agusto: Diaspora remittances will increase 5% to $22bn in 2021

  Agusto: Diaspora remittances will increase 5% to $22bn in 2021

Agusto Consulting Limited, a credit rating agency, says diaspora remittances to Nigeria will increase by five percent to $22 billion

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FULL LIST: CBN approves 10 additional IMTOs to boost diaspora remittances

  FULL LIST: CBN approves 10 additional IMTOs to boost diaspora remittances

The Central Bank of Nigeria (CBN) has approved 10 additional international money transfer operators (IMTOs) to boost diaspora remittances. Nigeria’s

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In major FX inflow drive, CBN to pay N5 bonus for every $1 of diaspora remittances

  In major FX inflow drive, CBN to pay N5 bonus for every $1 of diaspora remittances

The Central Bank of Nigeria (CBN) has introduced a “Naira 4 Dollar Scheme” — an incentive for senders and recipients

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Again, CBN warns money transfer operators to stop paying diaspora remittances in naira

  Again, CBN warns money transfer operators to stop paying diaspora remittances in naira

The Central Bank of Nigeria (CBN) has again warned international money transfer operators (IMTOs) and unlicensed companies to stop facilitating

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CBN relaxes rules on foreign remittances, dom accounts

  CBN relaxes rules on foreign remittances, dom accounts

The Central Bank of Nigeria (CBN) has announced that beneficiaries of diaspora remittances through the international monetary transfer operators (IMTO)

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