Nigeria to report first diaspora remittances decline in 10 years – Agusto & Co.

New pressure on the BoP from remittances

Liabilities adjusted for assets on the BoP, came to US$1.0bn and -US$9.3bn (negative) in the same 12 months

Nigeria could see a slowdown in diaspora remittances for the first time in over a decade amid global economic crisis fuelled by coronavirus outbreak, according to Agusto & Co. The consulting arm of the rating agency expects a 20 percent drop in the diaspora remittances that will be recorded f

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