CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

Nigeria Records $282m Diaspora remittances in Q1 2024 – CBN Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024. This is according to data obtained from the website of the Central Bank of Nigeria (CBN) on May...

W/Bank Projects $17.6bn Diaspora Remittance To Nigeria   The World Bank has projected $17.6 billion Diaspora remittances into Nigeria in 2021, representing 2.5 per cent increase from $17.2 billion recorded in 2020. The Bank gave this projection in a report titled, “Migration and Development Brief 35”, attributing...

Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...

Fed Govt Expects $26bn Diaspora Remittance To Rise         The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and policies by investing at home for national development. The government which put the remittances from Nigerians in the...

CBN Issues New Directives On Foreign Currency Payment Of Diaspora Remittance         The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer Operators (IMTOs) on foreign currency payment in cash to beneficiaries of diaspora remittances. The fresh directives follow the new rules unveiled...