Tag: remittances

World Bank cuts CBN grant to $6.8 million: Implications for Nigeria’s banking oversight

Business Damilola Bayonle -
World Bank cuts CBN grant to $6.8 million to strengthen banking supervision The World Bank has revised its planned grant...

World Bank Slashes CBN Grant to $6.8m, Backs Tech-Driven Banking Oversight

Business Damilola Bayonle -
The World Bank has revised downward a proposed grant for the Central Bank of Nigeria (CBN), reducing the funding...

IMTOs inflows decline: CBN data reveals $276m shock drop and Rlrising FX concerns

Business Damilola Bayonle -
IMTOs inflows decline raises fresh concerns for Nigeria’s FX market Nigeria’s external revenue profile came under renewed scrutiny in the...

Mastercard Predicts 6% Increase in Nigeria’s Consumer Spending

News Damilola Bayonle -
Payment technology firm Mastercard has identified remittance inflow as a key driver of consumer spending in Nigeria, predicting a...