Tag
DIASPORA REMITTANCE
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced that volatility in the foreign exchange (FX) market has declined significantly, falling below 0.5%, as Nigeria’s monetary and fiscal reforms begin to stabilise the macroeconomic environment.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the bank aims to double diaspora remittance inflow within this year.
Nigeria’s remittance inflow rose to its highest level since the second half of 2019, as the CBN Naira4dollar policy continues to support remittance inflows into the Nigerian economy
Diaspora remittances into Nigeria increased by 15.6% QoQ to $9.22 billion in H1 2021 compared to $7.98 billion...
The Central Bank of Nigeria (CBN) has stated that the eNaira would ultimately boost remittance inflow to the...
Nigeria attracted $4.2 billion in foreign remittances in the first quarter of 2021 as the country continues to...
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
CBN's latest policy on receipt and administration of diaspora remittances into Nigeria is set to kick off tomorrow.
Nigeria recorded the lowest remittances from abroad since 2008 as Covid-19 affected the income of Nigerians living abroad
World Bank has projected that the remittances to Nigeria, Egypt, Senegal and other Low and Middle-income Countries (LMICs) would drop sharply by 19.7% to $445 billion in 2020
Nigeria received $96 billion diaspora remittances inflow in 6-years
Nigerians in Diaspora sent an estimated $25 billion in remittances to the country in 2018, representing 6.1% of the nation’s Gross Domestic Product, a PricewaterhouseCoopers Economic Outlook Report disclosed.