BusinessDay
Nigeria's leading finance and market intelligence news report.

New pressure on the BoP from remittances

A decline in workers’ remittances under life with the Covid-19 virus has added to the weaknesses in Nigeria’s balance of payments (BoP). The weaknesses predate the pandemic since the current account has now been in deficit for nine quarters in succession. This has removed one of the pillars of the narrative that Nigeria has a…

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