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Tag "diaspora remittances"

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 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

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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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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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