…18 years. Sidi-Ali attributed the improvement to increased foreign exchange inflows from remittances, investments and greater participation in the formal financial system. She also said the unification of the foreign exchange market had enhanced stability, strengthened investor confidence and reduced market distortions…

Nigerians living abroad sent $950 million in diaspora remittances in July 2026, according to the CBNThe apex bank is targeting $1 billion in monthly remittances to boost Nigeria’s foreign exchange supplyThe CBN said FX reforms have narrowed the gap between official and parallel market rates, while reserves rose to $55.…

…he said. He also called on the diaspora to invest at home, saying they bring “not just remittances, but ideas, investments and pride.” On health and social protection, the SGF said the government is equipping thousands of primary healthcare centres and expanding safety nets to provide cash transfers and essential servi…

…stood at N34.5tn, while earnings per share reached N35.9. Taxes, royalties and other remittances to the government increased by 39 per cent to N22.3tn. He said, “We have released the NNPC Limited 2025 audited financial results. I want to explain what they mean. What drove them and where we go from here. The central res…

…access, user-friendly banking and fintech apps, innovation in digital wallets and remittances, rising consumer trust and digital financial literacy, and regulatory and infrastructure investment as drivers of the expansion. It noted that consumers increasingly relied on smartphones for transfers, bill payments, airtime…

…living for our children,” he said. He called for a shift from dependence on diaspora remittances to structured investment in venture funds, bonds, hospitals, language schools, skills development and industrial projects. He also demanded a more investment-friendly homeland, with security, clear land titles and a single…

…not on a single month. It is on creating the conditions for sustained growth in formal remittances. We expect to keep seeing improvement and believe Nigeria can reach and ultimately sustain monthly inflows above US$1 billion," Cardoso added. by Linda Ikeji at 31/08/2026 7:55 AM | Share this Story

…to the foreign exchange regime, alongside efforts to improve tax collection and revenue remittances. Earlier analysis by the Nigeria Extractive Industries Transparency Initiative had attributed the increase in federation revenue in 2023 to improved remittances following the removal of the petrol subsidy and the floatin…

…an updated report showing contributions from oil and gas companies up to 2025. The remittances represent the statutory three per cent contribution required from oil and gas companies to fund development projects and environmental interventions in the Niger Delta.The NDDC Managing Director, Samuel Ogbuku, was represente…

…Kenya’s shilling is expected to remain relatively stable, supported by strong diaspora remittances, while Zambia’s kwacha continues to benefit from robust copper exports, the country's largest foreign exchange earner.These examples highlight how diversified export revenues and consistent foreign exchange inflows can st…

…or overworking herself while managing rent, bills, debt repayments, childcare, and remittances homeHer Facebook post about the financial progress she made as a newcomer in Canada has drawn wide attention on social mediaPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google…

…strategic assets, saying the government was determined to harness its expertise beyond remittances and investment. He said the DHII was designed to leverage the expertise, innovation and professional networks of Nigerian healthcare professionals abroad through knowledge transfer, specialist medical outreach, capacity b…

…management assumed office to over $40bn today.” He also disclosed that “monthly diaspora remittances have exceeded $600m,” adding that the CBN is actively “targeting $1bn monthly before the end of the year.” “This improved reserve position has fundamentally strengthened Nigeria’s resilience against external shocks and…

…surplus The House Public Accounts Committee is demanding details of outstanding remittances from the CBN, NNPCL and other agencies, including the reported N5.3tn owed by the apex bank. It also questioned automatic deductions from MDA accounts. Read the full story below: https://punchng.com/reps-probe-cbn-nnpcl-over-unr…

…that the Authority was indebted to NAMA. He explained that statutory deductions and remittances are handled directly by the Central Bank of Nigeria (CBN), adding that the NCAA does not make such payments from its own account. “The NCAA does not make remittances directly to the agency. The CBN does so. From our checks,…

$56 billion. That was the amount that flowed into Sub-Saharan Africa as remittances in 2024, according to World Bank estimates. Yet, moving money across Africa still often means routing payments through correspondent banks, delays, foreign exchange (FX) costs, and fees that can reach double digits. Ryan Kirkley, co-fou…

…Commission, calling on the relevant authorities to clear the backlog and ensure regular remittances to Pension Fund Administrators. ASUU warned that continued delays, selective implementation or outright disregard for the 2025 agreement could undermine industrial harmony and disrupt academic activities in universities…

…at approximately $50.81 billion, attributed to fiscal reforms, enhanced diaspora remittances, and improved oil revenue performance. “Ohanaeze Ndigbo Worldwide notes that such indicators, if sustained, may strengthen macroeconomic stability, support currency performance, and enhance investor confidence. “Ohanaeze recogn…

…a remittance-based credit-scoring platform designed to help Kenyan banks use diaspora remittances to assess borrowers with little or no formal credit history, an attempt to turn billions of dollars in annual remittances into usable financial data for lenders.