Federation Account Remittances Slide By N1.58rn In 10 Months   Remittances by the Nigerian National Petroleum Company Limited to the federation account have plunged by N1.58tn in 10 months, with experts calling on state governments to improve on its Internally Generated Revenue to augment the allocations,...

Remittances To Nigeria, Others May Drop To $41bn This Year - Report               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 $41 billion in 2021, due to the effects of...

Exchange Rate Unification’ll Maximise Remittances’ Benefits – ABCON         The Association of Bureaux De Change Operators of Nigeria has said that unification of exchange rates is necessary to maximise the economic benefits of increased remittances inflow into the economy. ABCON commended the recent policy measures introduced by...

Low, Middle Income Countries To Attract $508bn Remittances       The World Bank has projected that remittances by migrant workers to low and middle income countries (LMICs) will drop to $508 billion in 2020. In a migration and development report released by the bank, it said the economic...

5.7% Of Nigerian Households Receive Remittances From Abroad — NBS   The Nigeria Bureau of Statistics (NBS) yesterday, said that six out of 100 households in Nigeria receive remittances from abroad. Nigeria received $17.57 billion in direct Diaspora remittances in 2019, up by 56.4 percent from $11.23...

NNPC Remittances Drop By N1.6trn In 5 Years   The remittances of the Nigerian National Petroleum Corporation to the Federation Account dropped by N1.59tn within a five-year period, figures contained in the latest report of the Nigeria Extractive Industries Transparency Initiative have shown. An analysis of NEITI’s...