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3232Nigerian Vice President Says Current Naira Exchange Rate ‘Artificially Low’
https://www.digit.info/nigerian-vice-president-says-current-naira-exchange-rate-artificially-low/
Tue, 12 Oct 2021 10:00:17 +0000https://www.digit.info/2021/10/12/nigerian-vice-president-says-current-naira-exchange-rate-artificially-low/Read more]]>Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities of Market Consequently, Vice President Osinbajo says he wants the Central Bank of Nigeria […]
]]>Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed
https://www.digit.info/remittances-to-africa-set-to-drop-by-5-4-to-41-billion-covid-19-pandemic-and-high-sending-costs-blamed/
Tue, 21 Sep 2021 10:19:42 +0000https://www.digit.info/2021/09/21/remittances-to-africa-set-to-drop-by-5-4-to-41-billion-covid-19-pandemic-and-high-sending-costs-blamed/Read more]]>According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a […]
Nigerian Vice President Yemi Osinbajo recently warned that the country’s official naira exchange rate of N411 for every dollar is artificially low. This exchange rate, according to Osinbajo, discourages foreign exchange entrance into the country. Naira Exchange Rate Must Reflect Realities of Market Consequently, Vice President Osinbajo says he wants the Central Bank of Nigeria […]
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a […]