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Nigeria’s Remittances Flow Gained 11.2% In 2021 On CBN Dollar Scheme

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

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

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

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

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

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

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...