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Tag "diaspora remittances"

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) shall now have such inflows in foreign currency (US dollar)

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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 and Development Brief 33 published by the World Bank and

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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 from citizens living overseas have formed a major part of

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