Nigeria
Opportunity: African capitals are courting diaspora money — and changing the pitch
Nigeria wants US$1bn a month in formal remittances. Ghana is steering diaspora funds toward investment, not just support.
Nigeria's naira-only remittance rule is cracking at four weeks
Recipients now absorb the bureau-de-change spread on every transfer.
Naija Lookbook: Money Sent Home Now Lands in Naira — No More Dollar Payout
Nigeria orders remittance payouts in naira only
*The Central Bank of Nigeria's May 1 directive ends USD-cash payout at the counter. Recipient households now absorb the bureau-de-change spread on every transfer.*
Unity Cup Final, Same Time As Last Year
*Reggae Boyz get another shot at Nigeria in Saturday's Unity Cup final. Head-to-head in this tournament: 0–3.*
This week's FX, the corridors that matter
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With Egypt now Africa's #1 remittance recipient, diaspora investment is the next move every government is considering
Five governments are visibly evaluating diaspora bond programs in the next 18 months. The Nigeria 2017 model remains the only fully-subscribed African issuance. The window for diaspora input is open.
This week's FX, the corridors that matter
Weekly Xe-sourced reference rates. Use these for context; check Wise or your service for live executable quotes before sending.
South Africa is suddenly drawing tourists from Kenya, Nigeria, Ghana, Zimbabwe, and Mozambique. The regional economy is rerouting.
The intra-African tourism flow that development economists have predicted for a decade is now actually happening. Durban, Cape Town, Johannesburg are the early beneficiaries.
Egypt overtaking Nigeria changes the remittance map. Here is what that means for senders.
North Africa is now the dominant remittance corridor. Sub-Saharan corridors operate at different price points and different infrastructure.
Angola passes Kenya. Egypt passes Nigeria. The African economic rankings are shifting under the diaspora's feet.
New IMF data shows a different continent than the one diaspora investment narratives have assumed for the last decade. The countries to send money to are not the ones we have been talking about.
Why Nigeria's diaspora bond worked and Ghana's didn't
A bft analysis walks through the design choices that separated the 130-percent-oversubscribed Nigerian instrument from less successful issuances.
Ghanaian cedi weakens 22.7% year-on-year against the naira as West Africa FX shifts
GHS-to-NGN at 118.65 today, down from 145+ a year ago. For Ghanaian and Nigerian diaspora sending money home or moving between the two economies, the corridor math has shifted materially in 2026.