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Nigeria naira

Nigeria extends naira incentive offer to boost Diaspora inflow
Markets

Nigeria extends naira incentive offer to boost Diaspora inflow

  • Rising dollar demand has been putting pressure on the naira. Nigeria is hoping it can attract remittances from its Diaspora as providers of foreign exchange, such as offshore investors, have exited after COVID-19 triggered a fall in oil prices.
  • The bank said the scheme, which was meant to end on May 8, would continue until further notice.
Published 06 May, 2021 05:26pm