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Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist

Post author:MiamiCrypto
Post published:August 31, 2021
Post category:Biodun Adedipe Central Bank of Nigeria cross border remittances Emerging Markets Foreign exchange inflation naira naira depreciation Nigerian diaspora remittances

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion.…

Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations

Post author:MiamiCrypto
Post published:August 19, 2021
Post category:Bamboo Systems cbn CBN crypto ban Godwin Emefiele local currency naira depreciation Nigeria foreign exchange Nigerian Fintech Nigerian fintechs Regulation Rise Vest

The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an…