Diaspora Remittances

The Central Bank of Nigeria (CBN) has expressed displeasure over continued diaspora remittances into the country in Naira instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to…

Diaspora remittances to Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019. The 27 percent decline is 3.9 percentage points higher than the 23.1…