Forex remittances crash by 48% amid dollar shortage – CBN report

The country’s total direct remittances dropped by $119.4m to $130.12m as of January 2022 from $249.52m as of December 2021, figures obtained from the Central Bank of Nigeria have revealed. The development indicates a 48 per cent over a period of one month. According to the CBN’s record on weekly international payments, the country recorded…

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