Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflows through International Money Transfer Operators ...
Tag: remittances
CBN Reforms Lead to $172 Million Increase in Diaspora Remittances
The Central Bank of Nigeria (CBN) has recorded a significant increase in direct remittances, with an additional $172 million reported ...
Remittances, Trade with Nigeria Threatened as UK Economy Slows
Analysts have raised concerns over Nigeria's remittances inflow and exports to the United Kingdom, attributing the threats to the recession ...
Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness
The ongoing scarcity of certain essential commodities in Nigeria, including petroleum products and foreign currency, has sparked debates and speculations ...
Tinubu Orders Financial Sanctions on Niger Republic Coup Plotters.
In a decisive move, President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to enforce stricter sanctions against ...
CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries
The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...
Nigeria’s Forex Market Reacts to Exchange Rate Unification.
Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate ...
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