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World’s Outlier on Remittances Has Currency Woes to Blame

  • Renaissance Capital says Nigerians may be smuggling in dollars
  • Nigeria stands out as biggest loser in remittances, EFG says
Nigerian Markets As Government Presents Ambitious Spending Plan
Photographer: KC Nwakalor/Bloomberg
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Nigerians living abroad could be sending more money home than authorities realize, bypassing official channels so their families can get more naira for their smuggled dollars on the black market.