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NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn T-Bills Demand firm NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn T-Bills Demand firm
Thursday, 17 September 2026Lagos • 09:14 WAT

Diaspora Remittances, Domiciliary Accounts Become Battlegrounds For Nigeria’s FX Crisis

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Truth is no one will gladly send a dollar to Nigeria at N390 if he or she can get N490-500 for the same dollar.

Nigeria moved over night to correct a big anomaly in the way it engages with its people and their hard-earned dollars. The Central Bank issued a circular which seeks to eliminate a great part of the barrier to diaspora inflows to Nigeria by saying that those who get remittances from abroad will now be able…

– Businessday

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