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…