Specifically, flows to Sub-Saharan Africa declined by an estimated 6.1 per cent to $33 billion in 2016, from about $36.3 billion in 2015, due to slow economic growth in remittance-sending countries and decline in commodity prices, especially crude oil, which impacted remittance receiving countries like Nigeria. More »
Nigeria loses 10% in $575 billion global remittances
Reviewed by Crude Oil Facilitators
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