Diaspora Remittances: Taking Full Advantage of the Cash Flow
In February 2021, the Central Bank of Nigeria reported a huge drop in the country’s diaspora remittances. The figure was $13.65bn lower when compared to the 2019 remittances of $5.72billion which, in turn, was lower than the 2018 remittances figure of $11.23 billion. Ripples and Metrics examined the International Payments Data and observed that Diaspora…