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CBN ‘naira-4-dollar’ policy may increase foreign remittance to $34bn

•PwC forecasts Nigeria’s remittance flows may hit $34.89bn by 2023 •Remittance will be cheaper for Nigerians in the diaspora, says Emefiele •Policy may not save naira from current slide – Economists Nike Popoola, Okechukwu Nnodim, Tunde Ajaja, Alexander Okere and Tope Omogbolagun The Central Bank of Nigeria’s ‘Naira-for-Dollar’ policy may increase the country’s foreign remittances to $34.89bn by 2023.

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