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Tag "diaspora remittances"

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 the $25 billion annual inflows. Abike Dabiri-Erewa, chairman/chief executive officer

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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 in 2021. Jimi Ogbobine, the organisation’s head of consulting, disclosed

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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 foreign exchange (FX) earnings suffered a sharp decline following the

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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 of international money transfers. The apex bank said all 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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World Bank: Nigeria to lose $2bn diaspora remittances in 2020

  World Bank: Nigeria to lose $2bn diaspora remittances in 2020

The World Bank projects that Nigeria will lose $2 billion in remittances from its citizens in the diaspora. The Migration

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Nigerians abroad unlikely to send home ‘much money’ as COVID-19 takes toll on income

  Nigerians abroad unlikely to send home ‘much money’ as COVID-19 takes toll on income

The COVID-19 pandemic has put Nigeria’s second-largest revenue source at risk, an analysis by SBM Intelligence has shown. Diaspora remittances

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