As local and foreign stakeholders countdown to the Sixth Nigerian Diaspora Investment Summit, it is essential to underscore the criticality of the contributions of our kin outside the homeland but with their hearts at home. Diaspora investments in Nigeria’s trying times are imperative for several reasons. Diaspora remittances constitute a significant source of foreign exchange Read More…
Tag: diaspora remittances
Diaspora Dollars
Nigeria’s Economic Lifeline and the Resilience of Remittances The Nigerian naira has faced persistent depreciation against the US dollar, with an accelerated decline in 2022 driven by multiple factors, including the global economic slowdown, the COVID-19 pandemic, foreign exchange shortages, inflation, and Central Bank of Nigeria (CBN) policies. By October 2023, the naira had crossed Read More…