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Nigerian financial authorities – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 14 May 2021 07:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Nigerian financial authorities – DIGIT INFO https://www.digit.info 32 32 Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged https://www.digit.info/official-remittances-to-nigeria-plummet-by-almost-40-in-a-year-when-crypto-use-surged/ Fri, 14 May 2021 07:00:00 +0000 https://www.digit.info/2021/05/14/official-remittances-to-nigeria-plummet-by-almost-40-in-a-year-when-crypto-use-surged/ Read more]]> Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use SurgedAccording to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]

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