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CBN’s NRBVN and the Road to $1bn, by Rahma Olamide Oladosu

CBN’s NRBVN and the Road to $1bn, by Rahma Olamide Oladosu   For decades, Nigerians in diaspora have constituted a vital yet under-served segment of the national economy. Despite their immense contributions through remittances, investments, and professional networks, systemic obstacles have continued to limit their access...

ECN CEO Urges Diasporans To Assist In Fight Against Food Crisis

Dr. Mustapha Abdullahi, the Director-General and CEO of the Energy Commission of Nigeria (ECN), is urging Nigerian experts who live abroad to leverage their expertise to help mitigate the impact of skyrocketing food prices and address the escalating food crisis. 

CBN Approves eNaira As Payment Option For Diaspora Remittance

CBN Approves eNaira As Payment Option For Diaspora Remittance   The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the move was in furtherance of...

‘Diaspora Nigerians Remitted $168bn In Eight Years’

'Diaspora Nigerians Remitted $168bn In Eight Years'   The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents. This is as foreign investments inflow into the country fluctuated in the period under review...

Nigerian Students In Diaspora: What They Don’t Tell You, by Maryam Na-Allah

Nigerian Students In Diaspora: What They Don’t Tell You, by Maryam Na-Allah     The concept of travelling abroad to get better education, and start a new life is a tradition and culture that is not totally alien to a lot of middle to higher class working...

In 10 Months, Direct Remittances Drop By 62.4% To $1.96bn

In 10 Months, Direct Remittances Drops By 62.4% To $1.96bn       Latest data by Central Bank of Nigeria (CBN) has revealed that total direct remittances from Nigerians in Diaspora dropped by 62,4 per cent to $1.96 billion in 10 months of 2021 from $5.21billion it recorded...