Tag: diaspora remittances

The Central Bank of Nigeria (CBN) announced today that diaspora remittances climbed by 130 percent year on year to $553 million in July 2024, compared to the same month in ...

In just one month, direct remittances increased by $172 million, according to the Central Bank of Nigeria. Remittances totaled $138.56 million in January, $39.14 million in February, $104.90 million in ...

In the first quarter (Q1) of 2024, Nigeria recorded total direct foreign exchange (FX) remittances amounting to $282.61 million. This figure reflects a decrease of $18.96 million or 6.28% compared ...

The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries. It has also directed that ...