By Felix Onuah and Chijioke Ohuocha | Nasdaq
ABUJA, Dec 3 (Reuters) – Nigerian banks will commence dollar payout for diaspora inflows and close naira remittance accounts after the regulator eased money transfer rules to try to boost forex liquidity in the country, the central bank said .
Continue reading “Nigeria banks to start FX payout under new diaspora remittance rules | Nasdaq”
By Chijioke Ohuocha | Reuters
Nigeria hopes to attract more remittances from its diaspora to boost foreign currency liquidity after the central bank issued a circular on Monday lifting rules that had restricted inflows.
Continue reading “Nigeria eases rules on diaspora remittances to boost FX liquidity”
By WAINAINA WAMBU | The Standard
Cash sent home by Kenyans living and working abroad rose 21.4 per cent in September, posting a continued recovery from the global economic fallout caused by coronavirus. Central Bank of Kenya (CBK) data shows remittance inflows for September hit $260.7 million (Sh28.4 billion), pushed up mainly by Kenyans living in America.
Continue reading “Kenyans in America propel rise in diaspora remittances for September”
By Meghan McCormick |Forbes
Global remittances to Sub-Saharan Africa (SSA) grew by 10% to $46B in 2018 (the last year for which we have complete data from the World Bank). Remittances, or money sent as a gift typically from family members working in a high-income country to family members living in low- or middle-income countries, are an important part of the global economy. They account for more transfer of funds to SSA than aid from the top 10 donor countries and institutions. The money sent to Africa through remittances is actually larger than many African-country GDPs. Remittances would be the 12th most productive economy in SSA, just behind the Democratic Republic of the Congo and ahead of Côte d’Ivoire.
Continue reading “The African Diaspora Network Gives Africans Living Abroad A Pathway To Invest At Home”
“There exists a prevailing perception among Liberians, that when a Liberian becomes a naturalized US citizen, the individual loses his Liberian citizenship,”
By Edmund Zar-Zar Bargblor
The African Star, (an African on online news organ), reported that on July 9, 2019, in the “wake of Liberia’s crippling economic situation, where the country’s Finance Minister Samuel Tweah is apparently hoping that remittances from Diasporas will salvage the country’s failing economy.Minister Tweah said recently that all remittances to individuals in Liberia, through Western Union, MoneyGram and other foreign transfer agencies, be paid to the recipients in the Liberian dollars.”
Continue reading “Liberia: The Importance of the Liberian Diaspora – Have the Chickens Come Home to Roost?”
By BUKOLA IDOWU
Continue reading “Nigerian diaspora remitted $25 billion home in 2018”
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