According to a new directive of the Central Bank of Nigeria (CBN), recipients of remittances from abroad henceforth have the option to receive their money in naira. This is in addition to the existing alternatives of being paid in dollar and eNaira. The directive, addressed to banks, international money transfer operators (IMTOs) and the general public, was contained in a …
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Exchange rates crucially impact the trade and economic performance of a country and often, they indirectly influence many different areas of your day-to-day life, from the cost of your groceries at the local market, to the cost of fuel, job opportunities and even the value of the money you remit. To help you get a good deal on your next …
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Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), has commended Nigerians in the Diaspora on the rise of remittances in the first quarter of the year, by 20.3 per cent, representing the seventh consecutive quarterly increase in diaspora remittances since last quarter in 2020. In a statement by the Commission’s Head of Media and Public Relations, Abdur-Rahman Balogun, Dabiri-Erewa …
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While rising costs of living have been globally observed, with inflation rates soaring to new highs in major economies, less-considered is the impact these costs have on migrants around the world who are often charged with financially supporting loved ones in their home countries. WorldRemit, a leading digital remittances company, conducted a multi-country study to determine the effects of the …
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Remittance business undergoes silent revolution Before Western Union started offering money transfer services to Africa in 1995, the first company to do so, it used to take weeks if not months to find somebody travelling home to take the envelope along. And the brave ones among us who hid money in mails were often unlucky after post office workers in …
Read More »Before Western Union started offering money transfer services to Africa in 1995, the first company to do so, it used to take weeks if not months to find somebody travelling home to take the envelope along. And the brave ones among us who hid money in mails were often unlucky after post office workers in Africa discovered that letters from …
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THE AFRICAN COURIER. Reporting Africa and its Diaspora! The African Courier is an international magazine published in Germany to report on Africa and the Diaspora African experience. The first issue of the bimonthly magazine appeared on the newsstands on 15 February 1998. The African Courier is a communication forum for European-African political, economic and cultural exchanges, and a voice for Africa in Europe.