Diaspora remittances hit over $90 billion in five years— NiDCOM
Nigerians in the diaspora have remitted over $90 billion in the last five years to support national development.
Tag: diaspora remittances
Nigeria posts $5.14 billion in Current Account Surplus, bolstering forex stability
Nigeria recorded a current account surplus of $5.14 billion, or 11.46% of GDP, in Q2 2024, representing a significant improvement ...
Nigeria receives 35% of Sub-Saharan Africa’s diaspora remittances in 2023
Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows ...
Diaspora remittances fall 6.28% to $282.61 million in Q1 2024 amid CBN’s reforms
Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024.
Taiwo Oyedele says only 10% of $20 billion 2023 Diaspora remittances end up in Nigeria
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that a mere 10% ...
AfCFTA will overcome the constraints of Africa’s small, fragmented markets – Osinbajo
He revealed he sees the Diaspora as our vanguard for keeping up with the rest of the world,a secret weapon.
Nigeria’s diaspora remittances set to increase
Nigeria’s Diaspora remittance inflow is set to increase by 7.1% in 2022 because of higher food prices and the continued ...
UK ban on travellers from Nigeria: When will the world respect Africa’s giant?
In England, there’s something we say. “Being British is all about driving a German car to an Irish theme pub ...
Omicron virus could spell trouble for Nigeria’s exchange rate
Global markets are currently spooked over the likely effects of the newly discovered Omicron Covid-19 variant, first discovered in southern ...
Banks automatically create domiciliary accounts for Naira4Dollar recipients
The Naira4Dollar Scheme does not require banks to seek your permission to open a domiciliary account.
