Diaspora remittances, domiciliary accounts become battlegrounds for Nigeria’s FX crisis

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 n

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