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DIASPORA REMITTANCES
Global markets are currently spooked over the likely effects of the newly discovered Omicron Covid-19 variant, first discovered...
The Naira4Dollar Scheme does not require banks to seek your permission to open a domiciliary account.
The reward scheme is in line with the CBN’s “Naira 4 Dollar scheme” aimed at encouraging the inflow of diaspora remittances.
Members of the Association of Licensed Mobile Payments Operators (ALMPO) is appealing to the CBN to change its policy directive on payment of diaspora remittances.
Dr Andrew Nevin, Chief Economist of PwC, disclosed that the remittance inflows into the country show that Nigeria depends largely on the diaspora to survive.
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.