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Market Watch
Nigeria Accounts for 35% of Sub-Saharan Africa’s Diaspora Remittances in 2023
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Simple Explanation of Nigeria's Diaspora Remittances
Nigeria got a lot of money from people living abroad...
Market Watch
Diaspora Remittances: Average cost of sending $200 to SSA increases to 7.9% in 2023 – World Bank
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Sending $200 to Sub-Saharan Africa cost more in 2023. It went up from 7.4% in 2022 to 7.9% in 2023, says the World Bank.
The World Bank said this in their report about migration and development...
Market Watch
Attractive U.S yields add pressure on Nigerian naira
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When the interest rates in the U.S. go up, it can make the U.S. dollar stronger. This can affect other countries' money, like the Nigerian naira, and make it weaker.Recently, the rate for a 10-year government bond in the...
Market Watch
CBN warns banks, FX dealers against rejecting old, lower dollar bill denominations in NigeriaÂ
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The Central Bank of Nigeria (CBN) has warned banks and money changers to accept old and small US dollar bills from customers.This rule comes because many people have said that banks and money changers are not taking these kinds...
Market Watch
Customs exchange rate for import duties rises to the highest in three months
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The Nigeria Customs Service (NCS) recently increased the exchange rate for import duties to N1508 for every dollar. This is the highest rate in the past three months. Back on March 21, 2024, the rate was N1,572 for every...
Latest News
House of Reps Initiates Investigation into N1.12 Trillion Anchor Borrowers’ Program
House of Representatives Investigates Anchor Borrowers SchemeThe House of Representatives is looking into the N1.12 trillion Anchor...
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