Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, nearing the $1 billion monthly target set by CBN Governor Olayemi Cardoso. This marks the highest monthly inflow ever recorded.
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators in July 2026, nearing the Central Bank of Nigeria's $1 billion target. This reflects a 50.2% increase in remittances from January to July compared to 2025.
Nigeria's remittance inflows reached $947 million in July 2026, nearing the Central Bank of Nigeria's $1 billion target. This marks a 50.2% increase from the previous year, driven by regulatory changes and efforts to enhance foreign-exchange liquidity.
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