The Central Bank of Nigeria (CBN) says foreign exchange inflow into the country increased significantly in February 2024. Hakama Sidi-Ali, CBN’s acting director of corporate communications, spoke to journalists in
Tag "diaspora remittances"
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
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
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
BY ZAINAB SHINKAFI-BAGUDU On July 10, 2020, agents of the Nigerian Immigration Service (NIS) prevented the departure of 58 Nigerian
The federal government says the COVID-19 pandemic impacted diaspora remittances into Nigeria as it witnessed a 20 percent reduction from
Agusto Consulting Limited, a credit rating agency, says diaspora remittances to Nigeria will increase by five percent to $22 billion
The Central Bank of Nigeria (CBN) has approved 10 additional international money transfer operators (IMTOs) to boost diaspora remittances. Nigeria’s
The Central Bank of Nigeria (CBN) has introduced a “Naira 4 Dollar Scheme” — an incentive for senders and recipients
The Central Bank of Nigeria (CBN) has again warned international money transfer operators (IMTOs) and unlicensed companies to stop facilitating
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