Nigeria achieves record $947 million in monthly remittances

Formal money transfer channels recorded a historic $947 million inflow in July, bringing the country closer to its $1 billion monthly target.

31 Aug, 06:13 — 31 Aug, 06:13

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vanguard-ngMixed2d ago

Nigeria hits record $947m monthly remittances, nears $1bn target – CBN

Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching the $1 billion monthly target set by Central Bank of Nigeria (CBN) Governor Olayemi Cardo By Babajide Komolafe According to the apex bank, IMTO inflows reached $3.8 billion […] The post Nigeria hits record $947m monthly remittances, nears $1bn target – CBN appeared first on Vanguard News.

By Urowayino Jeremiah

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Nigeria achieves record $947 million in monthly remittances

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Nigeria hits record $947m monthly remittances, nears $1bn target – CBN

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