Nigerians living abroad remitted $21bn in 2014 which accounts for two-thirds of the total money sent to Africa. Kenya received $1.43 billion
The top five remittance recipient countries, in terms of value of remittances, continue to be India, China, Philippines, Mexico and Nigeria.
Huge chunk of this money went to fees with the average cost of sending money reaching 15% without other hidden fees.
80 per cent of transfers in Nigeria are handled by one money transfer operator.
The cost of sending money to Africa is more expensive than other continents.
BitStake is bringing Bitcoin to Nigeria with the lowest money transfer fees. Fast and cheap money transfer.
Sign up at https://bitstake.co/
The top five remittance recipient countries, in terms of value of remittances, continue to be India, China, Philippines, Mexico and Nigeria.
Huge chunk of this money went to fees with the average cost of sending money reaching 15% without other hidden fees.
80 per cent of transfers in Nigeria are handled by one money transfer operator.
The cost of sending money to Africa is more expensive than other continents.
BitStake is bringing Bitcoin to Nigeria with the lowest money transfer fees. Fast and cheap money transfer.
Sign up at https://bitstake.co/
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