More pressure on Nigeria’s economy as diaspora remittances may drop by 20%
10 July 2020 |
6:38 pm
For many developing counties, remittances from citizens working abroad provide a major source of the much-needed funds back home. And has Covid-19 continue on its destructive path on the world economy, this has added so much pressure on the diaspora remittances of Nigeria as well.
Related
Related
2 days ago
As we share the resilience and dedication of workers in Nigeria on this dedicated day, GuardianTV shines the spotlight on the pressing issue of fair compensation and also explores some other challenges of workers across the nation. We spoke with Nigerian workers and they reacted to the current 30,000 Naira minimum wage and other issues affecting the workforce.
1 day ago
For many months, the weather all over Nigeria has been relatively hot. Many citizens have complained About the sun during the day, not being able to sleep at night, and wearing skimpy clothes during the day as the sun shone as though it was its last. GuardianTV spoke with Nigerians and professionals about their experiences and how to survive during the heatwave.
2 days ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
1 hour ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
Latest
1 hour ago
Investigators teamed up with colleagues from the Balkans and Lebanon in raids set up by months of intense surveillance. Authorities say the operation thwarted over €10 million in damages and led to 21 arrests.
1 hour ago
Georgians continue to take to the streets to demonstrate against draft legislation that they say would infringe on their rights and lessen the chances of Georgia being able to join the EU.
1 day ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
1 day ago
The number of births and weddings in Germany has fallen to its lowest level in a decade, especially in the eastern part of the country.
1 day ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
1 day ago
A team of experts commissioned by the French president warned against screen and social media use for children. Children under three years old should not have any screen time and up to age six it should be “strongly limited,” according to an expert panel commissioned by French President Emmanuel Macron.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.