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Thursday 13 May 2021

Nigeria diaspora remittances decline 28% in 2020 due to exchange rate disparity ~W/Bank

Nigeria diaspora remittances decline 28% in 2020 due to exchange rate disparity ~W/Bank: The bank report showed that Sub-Saharan African remittances declined 12.5 percent in 2020 due mostly to a 28 percent drop in money sent to Nigeria, which suffered from high U.S. dollar-exchange premiums in informal markets.

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