Nigerians residing in UK top list of money senders —World Bank

Nigerians in the UK have emerged the highest senders of money to their home country with £ 3 . 27 m being sent in 2017 .According to a World Bank report , Nigeria was the top receiver of cash from the UK , followed by India , France and Pakistan , reports Daily Mail .

This makes the UK the fourth largest source of remittances after the US , Saudi Arabia and the United Arab Emirates , with a global total of some £ 483 bn in 2017 .

While migrants in the UK were sending large amounts of cash back home , Australia was the largest sender of remittances to the United Kingdom , with US $ 1 . 08 m being received from there .

The US , Canada , Spain and South Africa were the next biggest senders to the UK .

The World Bank report revealed that , India is the largest receiver of remittances in the world , receiving a total of US $ 68 , 968 m .

China is the second largest receiver of remittances , after India , receiving a total of US $ 63 , 860 m .

The US is home to the largest number of migrants from developing countries and is the largest sender of remittances in the world .

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