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

Post Share

Sources

Showing 1 of 1 sources

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

Read full article →

Nigeria achieves record $947 million in monthly remittances

Sources

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

Related Stories

Chevron Announces $7 Billion Investment to Double Oil Production in Venezuela

Global stocks fall as US-Iran tensions spike oil and bond yields

Apple Names John Ternus as New CEO Following Tim Cook’s Departure

Ryanair Cuts Winter Flights and Warns of Fare Hikes Amid Soaring Fuel Costs