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Business/MONEY Kunle Aderinokun and James Emejo aggregate analysts perspectives on the performance of the Central Bank of Nigeria in its regulatory and developmental functions – and conclude that though the apex bank had exceeded expectations particular in the role it played to sustain the economy amidst the impact of the COVID-19 pandemic last year, more strategic interventions are still required to boost the real sector and set the economy on the path of recovery and growth amidst the current recession. There is almost a general consensus that the CBN has performed creditably well in its ...

Remittances are perceived as one of the key benefits that migration bring to originating countries. According to the United Nations Conference on Trade and Development (UNCTAD), remittances are private flows of resources mostly intended for direct consumption and household support. In fact, a report by UNCTAD titled: “Maximising the Development Impact of Remittances,” stated that there is solid evidence that remittances can and have assisted many developing countries and least developed countries (LDCs) in maintaining balance of payment (BOP) stability, ensuring the availability of hard c...