{"id":156223,"date":"2023-08-11T10:31:24","date_gmt":"2023-08-11T09:31:24","guid":{"rendered":"https:\/\/newmail-ng.com\/?p=156223"},"modified":"2023-08-11T10:31:24","modified_gmt":"2023-08-11T09:31:24","slug":"diversion-of-diaspora-remittances-to-parallel-market-weakens-naira-says-cbn","status":"publish","type":"post","link":"https:\/\/newmail-ng.com\/diversion-of-diaspora-remittances-to-parallel-market-weakens-naira-says-cbn\/","title":{"rendered":"Diversion of diaspora remittances to parallel market weakens naira, says CBN"},"content":{"rendered":"
The 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.<\/strong><\/p>\n
Folashodun Shonubi, CBN acting governor, spoke while delivering a lecture titled \u2018Diaspora Remittances and Nigeria Economic Development\u2019 at the National Institute for Security Studies in Abuja.<\/p>\n