According to the Central Bank of Nigeria (CBN), there has been a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023.  

Nigeria’s Remittance Inflow Rebounds, Now $17.6bn - W/Bank Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new report by the World Bank has indicated. Remittance inflow to Nigeria was $17.2bn as of December, 2021. The World...