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    Diaspora Remittances

    Q3’2021: Capital Importation into Nigeria Rising Q-o-Q by 97.73% to USD1.73 billion

    Recently released data from the National Bureau of Statistics (NBS) showed that Nigeria’s capital importation rose by 97.73% quarter-on-quarter (and increased on a yearly basis...

    Stanbic, Standard Chartered, Citi lead as banks record $38.2bn foreign inflows into Nigeria

    Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria Limited lead as capital importation from banks hit $38.18bn in almost three years. Between January...

    Nigeria’s President Buhari Okays Establishment of Nigerian Diaspora Investment Trust Fund

    President Muhammadu Buhari Tuesday in Abuja endorsed the establishment of the Nigerian Diaspora Investment Trust Fund (NDITF), a private sector investment window with Nigerians...

    Nigeria See Sharp Rise in FX Inflow into the Economy in Q3 2021

    The CBN's latest Quarterly Statistical Bulletin (QSB) for Q3 '21 shows that total fx inflow into the Nigerian economy improved markedly to USD30.2bn from...

    Nigeria’s central bank denies it’s threatening to seize dollar accounts

    There is no plan to convert dollars, pounds, or any other foreign currencies in Nigerians’ bank accounts to naira, says the Central Bank of...

    Remittances to Nigeria, others might drop to $41bn this year

    Remittances to Nigeria and other African countries are expected to decrease by 5.4 percent from $44 billion in 2020 to a projected total of...

    Nigeria’s Diaspora Remittances Hit $34bn as Migrant Workers Top List

    The Naira4Dollar policy of the Central Bank of Nigeria (CBN) may have begun to yield dividends as remittances from Nigerians in the Diaspora now...

    Nigeria’s Diaspora remittances up 5% to $4.3bn in Q1’21, foreign reserves slump

    Diaspora remittances rose by five per cent, quarter-on-quarter, QoQ, to $4.3 billion in the first quarter of this year, Q1’21, from $4.1 billion in...

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