CBN Reforms, Diaspora Trust Driving Remittance Surge – Dabiri-Erewa Dabiri-Erewa described the jump in remittance inflow as “humongous” “Our exchange rate is becoming a lot more competitive” – Cardoso Hon. Abike Dabiri-Erewa, Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), has hailed the recent surge in diaspora remittances as a major boost to Nigeria’s economy, … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira loans. Adetona Adedeji, acting director of the banking supervision department at CBN, disclosed this in a statement on Monday. Editor’s Picks JUST IN: Court Orders Remands Of Emefiele In EFCC … Read more
Eko Hot Blog reports that the economic achievements of President Bola Tinubu have received praise from the Mayor of Blanco, Texas, United States of America, Mike Arnold, along with NBA team officials. During a reception held in honour of former Nigerian presidential aide and author, Reno Omokri, Arnold expressed his admiration for the Naira’s floating and the … Read more