Topic

Foreign Exchange

Nigeria hits record $947 million monthly remittances, nears CBN's $1 billion target

Nigeria recorded $947 million in diaspora remittances through formal channels in July 2026 — the highest monthly figure ever and just $53 million short of the Central Bank's $1 billion goal. Formal remittance flows have

about 1 month ago4 min

Diaspora

Nigeria's Diaspora Remittances Surge Toward $1 Billion Monthly as Reforms Reshape FX Flows

Nigeria recorded a historic $947 million in diaspora remittances in July 2026 alone, bringing the country close to its $1 billion monthly target as Central Bank reforms drive a massive channel shift from informal to offi

about 2 months ago5 min