Tag: remittances
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Nigeria’s Remittances Flow Gained 11.2% In 2021 On CBN Dollar Scheme
The World Bank’s says in its latest Migration and Development Brief that remittance inflow to Sub-Saharan Africa soared 14.1% to $49bn in 2021, after...
A GLOBAL CRISIS LIKE NO OTHER NEEDS A GLOBAL RESPONSE LIKE NO OTHER
By Kristalina Georgieva
I have been saying for a while that this is a ‘crisis like no other.’ It is:
More complex, with interlinked shocks to our h...
Half Of World’s 1.7bn Unbanked Population Live In Nigeria, China, Five Others- IBRD Report
In what may mean the need for more concerted efforts on the part of stakeholders in the Nigerian economy to meet the goal of 80% financial inclusion r...
Nigeria Received $22.3bn Remittances In 2017- IFC
A new report by the International Finance Corporation (IFC) says Nigeria received remittances amounting to $22.3bn, or 5.6% of its Gross Domestic Prod...
CBN Restates Commitment To FX Intervention, Liquidity
The Central Bank of Nigeria (CBN), on Tuesday restated its commitment to sustain its intervention in the inter-bank segment of the foreign exchange ma...
Nigeria Received $19bn Remittances In 2016- Report
A new report by the World Bank at the weekend said Nigerians in diaspora remitted a total of $19bn in 2016, making it one of the top six receivers for...
CBN Plans Special Window For Dividend, Investment Remittances
• Sells $200m to SMEs, Spot Wholesale
In its bid to further boost foreign exchange supply in the country, indications emerged Tuesday that the Cent...