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Opinion

Experts urge CBN to channel diaspora funds into investment — Report

Economic experts have called on the Central Bank of Nigeria to redirect diaspora inflows into productive and revenue-generating sectors as a way of channelling capital into investments that will further boost the economy. While commending the apex bank for its effective regulatory reforms, which successfully facilitated $11.12 billion in personal transfers into the country in […]

Finance

Nigeria’s diaspora remittances stabilise at $21.8bn in 2025

Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard reported that according to data from the Central Bank of Nigeria Quarterly Statistical Bulletin for fourth quarter 2025 showed that remittance inflows stood at $21.806 billion […]

eNaira balances hit N2.5bn in 2022
News

CBN approves eNaira as payment option for diaspora remittance

The Central Bank of Nigeria announced that it has given recipients of diaspora remittances the opportunity to make payments using its digital currency, also known as the eNaira. Nairametrics reported that the decision, according to the apex bank, is part of its efforts to liberalize the distribution of diaspora remittances. This information is provided in the […]