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Tag "Remittances"

Abike Dabiri: Diaspora remittance was four times Nigeria’s FDI in 2021

    Abike Dabiri: Diaspora remittance was four times Nigeria’s FDI in 2021

Abike Dabiri-Erewa, chairperson of the Nigerians in Diaspora Commission (NiDCOM), says remittances from citizens abroad are now an economic factor for development, hence the term, ‘diaspora direct investment (DDI)’. Dabiri-Erewa

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NNPC to deduct N215bn from FAAC remittance in September

    NNPC to deduct N215bn from FAAC remittance in September

The Nigerian National Petroleum Corporation (NNPC) says it will deduct a total sum of N215.32 billion from its remittance to the Federation Account and Allocation Committee (FAAC) in September 2021.

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

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Danbatta: NCC remits N344.71bn revenue to FG in 5 years

  Danbatta: NCC remits N344.71bn revenue to FG in 5 years

Umar Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC), says the commission generated and remitted N344.71 billion in

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COREN: We’ll start remitting N15m to FG every month

  COREN: We’ll start remitting N15m to FG every month

The Council for the Regulation of Engineering in Nigeria (COREN) says it intends to start remitting N15 million to the

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Emefiele: Nigeria gets over 30% of remittances to Africa

  Emefiele: Nigeria gets over 30% of remittances to Africa

Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), says Nigeria tops other African countries in remittances inflows and

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