$947m July remittances highest monthly inflow — CBN

The Central Bank of Nigeria says the country recorded $947m in remittance inflows through International Money Transfer Operators in July. The Governor of the CBN, Olayemi Cardoso, said this in a statement by the bank’s Corporate Communications Department on Sunday in Abuja. According to Cardoso, the July remittances we

By Babajide Komolafe LAGOS — 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, according to the Central Bank of Nigeria (CBN). The figure brings the apex bank closer to its $1 billion