March 12, 2021/Proshare by CSL Research A Business Day report says investment inflow into the manufacturing sector declined by 76% in 2020 according to the Manufacturers Association of Nigeria (MAN) in its H2 2020 economic review. The decline was attributed primarily to the outbreak of the Coronavirus pandemic which disrupted […]
OPINION/EDITORIAL
Implications of the CBN Naira 4 Dollar Promo for Diaspora Remittances
March 12, 2021/Proshare By FDC In a bid to sustain the increase in Diaspora remittances into the country, the Central Bank of Nigeria (CBN) has introduced a ‘Naira-4-Dollar’ promo. The promo, which takes effect from March 8, 2021 and ends on May 8, 2021, offers recipients of Diaspora remittances N5 […]
Assessing the CBN’s Attempts in Leveraging Remittances
March 12, 2021/Cordros Report Over the last year, the Central Bank of Nigeria (CBN) has found it challenging to maintain the rate within a tight band of the official rate within its managed-float system. In recent months, the apex bank has issued a substantial array of policy pronouncements to improve […]
