Nigeria Receives $19.5bn in Diaspora Remittances in 2023
Adedapo Adesanya By Adedapo Adesanya Nigeria emerged as a prominent beneficiary of diaspora remittances in Sub-Saharan Africa, accounting for over…
diaspora remittances
CBN Releases New Measures to Ease Liquidity for Diaspora Remittances
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has launched new measures to enhance local currency quick…
Nigeria Attracts $20.52bn Remittance Flows in 2023
By Adedapo Adesanya Nigeria accounted for 38 per cent of the $54 billion remittance flows to the Sub-Saharan…
CBN Laments Diversion of Diaspora Remittances to Unregulated Markets
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has lamented that diaspora remittances entering the country do…
Agusto Forecasts Boost in Nigeria’s Diaspora Remittances
By Adedapo Adesanya A credit rating agency, Agusto & Co, has forecast a surge in remittance inflows into…
CBN Introduces Use of eNaira for Diaspora Remittances
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency, known…
CBN Orders Banks to Close Naira Accounts of IMTOs
Dipo Olowookere By Dipo Olowookere Deposit Money Banks (DMBs) in the country have been ordered to close all Naira accounts…
Access Bank Assures Customers of Availability of Dollars
By Dipo Olowookere There is no reason to fear about getting international remittances in foreign currencies almost anywhere…
FX Inflows: CBN Enables Cash Withdrawal in Foreign Currencies
By Dipo Olowookere In order to bridge the wide exchange rate between the legalised foreign exchange (forex) markets…
Nigeria Can Attract High FX Inflows With Transparent Exchange Rate
Modupe Gbadeyanka By Modupe Gbadeyanka If Nigeria is to attract high inflow and volume of diaspora remittances which can be…