Diaspora Nigerians remit $7bn as CBN releases N130bn to BoI for 317 projects

The Nigerian Export Import Bank (NEXIM) has disclosed that Diaspora Nigerians remitted over $7 billion in 2009, which represents 50 percent of the $14 billion globally remitted to Africa. Robert Orya, managing director, NEXIM, who made this known on Monday in Abuja at the 2010 Enterprise Exhibition and Business Forum, said the $14 billion global remittance in 2009 formed the highest source of foreign exchange into the continent. Read more