CBN Reports Record $553 Million Diaspora Remittance in July
The Central Bank of Nigeria (CBN) has reported a significant increase in diaspora remittance inflows to the economy, reaching $553 ...
Tag: Foreign Remittances
Nigeria’s Diaspora Remittances Set to Increase
Based on a World Bank report, remittance flows to low and middle-income countries (LMICs) are expected to increase by 4.2% ...
Diaspora Remittances into Nigeria Dropped Within 2021 Q1
Nigeria attracted $4.2 billion in foreign remittances in the first quarter of 2021 as the country continues to grapple with ...
$65.34bn Remitted By Nigerians in Diaspora Since 2018
The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the ...
Covid-19: Foreign Remittances to Nigeria Dipped By 27% in 2020
Amid the Coronavirus pandemic, remittances flow into Nigeria, declined by 27.7 percent, in 2020. Nigeria alone accounted for over 40 ...
Nigeria’s Diapsora Transfers To Reach $22bn
Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto ...
Nigerian Banks Open Dollar Accounts To Boost Foreign Remittances
Banks have begun opening dollar accounts for beneficiaries of remittances without one, in a bid to boost international payments and ...
CBN Relaxes Rules on Foreign Remittances, Domiciliary Accounts
The Central Bank of Nigeria has relaxed its rules on foreign remittances and domiciliary accounts. The apex bank announced this ...
