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by: Simona Salvi | May 24, 2024
Nigeria recorded $282.61 million in diaspora remittances within the first quarter of 2024, in accordance with fee knowledge printed on the Central Bank of Nigeria’s web site. According to Nairametrics, the determine signifies a decline of $18.96 million, or 6.28%, in comparison with $301.57 million in remittances within the first quarter of 2023.
The Nigerian newspaper analyzed the information for the primary three months of the yr, highlighting that if in January there was a rise of round 75% in remittances on an annual foundation, in February there was as an alternative a transparent drop of over 53 % and in March a lower of roughly 24%.
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