1.0New Mail Nigeriahttps://newmail-ng.comFriday Ajagunnahttps://newmail-ng.com/author/friday/rich600338<blockquote class="wp-embedded-content" data-secret="yc1DTVvWYC"><a href="https://newmail-ng.com/diversion-of-diaspora-remittances-to-parallel-market-weakens-naira-says-cbn/">Diversion of diaspora remittances to parallel market weakens naira, says CBN</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://newmail-ng.com/diversion-of-diaspora-remittances-to-parallel-market-weakens-naira-says-cbn/embed/#?secret=yc1DTVvWYC" width="600" height="338" title="“Diversion of diaspora remittances to parallel market weakens naira, says CBN” — New Mail Nigeria" data-secret="yc1DTVvWYC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://newmail-ng.com/wp-content/uploads/2023/08/Folashodun-Shonubi-AG-CBN-Gov.png680365The Central Bank of Nigeria (CBN) has attributed the free fall of the naira against the dollar to the diversion of diaspora remittances to the parallel market. Folashodun Shonubi, CBN acting governor, spoke while delivering a lecture titled ‘Diaspora Remittances and Nigeria Economic Development’ at the National Institute for Security Studies in Abuja. The naira […]