CENTRAL Bank of Nigeria (CBN) and PricewaterhouseCoopers (PwC) officials believe that the new remittance policy of the federal government will lead to the country’s foreign remittances rising to as much as $34.89bn by 2023.
Up until last year, remittance recipients were only able to collect their cash in naira but with...
Ayo Akinfe
(1) In 2019, US foreign direct investment (FDI) worldwide totalled $5.96trn
(2) Within the US itself, FDI during that period totalled $246bn, with about $125bn of this coming from Japan
(3) Every industrialised nation worldwide takes FDI very seriously because it opens up new markets for their goods, creates ancillary...
