Nigeria’s diaspora inflow increases to $600m monthly - CBN Gov Cardoso
CBN-Governor-Yemi-Cardoso
Posted inBanking Business Economy News Nigeria World News

Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso

3,502Posted inBanking, Business, Economy, News, Nigeria, World News2 minutes

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600 million monthly.

He disclosed this at the Delta State–Brazil Business and Investment Roundtable on Thursday in São Paulo, Brazil.

According to him, following the apex bank’s policies, the country’s exchange rate is becoming more competitive.

He said critics laughed at the CBN when it began rolling out reforms to ensure that diaspora inflows became a potential source of diversifying Nigeria’s foreign exchange inflows.

He added that Nigerians in the diaspora were now more confident in FX remittance channels, which is part of the reason for the surge in inflow.

“When we started looking at diaspora flows as a potential source of diversifying our foreign exchange flows, people laughed, and we found that we started off at about $200 million every month.

“In the last two months, the last count, we had reached $600 million per month. And by next year, we anticipate we will be getting at least $1 billion from our diaspora folks at home,” he stated.

Recently the naira appreciated against the dollar on Thursday to close at N1,535.47 amid a sustained rise in external reserves, which stood at $41.24 billion, according to CBN data.

Tags:

3,502 Comments

  2. Tiffiny
    Reply
    September 3, 2026,

    slot machines ontario united states, online casinos canada no deposit bonus and play online bingo for real money
    canada, or united kingdom roulette betting strategy

  9. Julieta
    Reply
    September 3, 2026,

    united kingdom casino down game load machine no play slot,
    online poker casino real money in usa and auto roulette online
    or app to play in united states, or united kingdom online real pokies

  13. awesome casino names
    Reply
    September 3, 2026,

    bitcoin gambling usa, best deposit bonus betting sites new zealand and poker tour australia, or new zealand
    star casino

  20. gambling bill nsw
    Reply
    September 3, 2026,

    real money gambling online canada, how to win at roulette uk
    and united statesn casino guide blackjack
    chart, or casino in united state of australia

  29. Louise
    Reply
    September 3, 2026,

    canada no deposit bonus casino, are there any legal online poker
    sites in australia and how many casino are in australia, or bingo cash free uk

  30. Hal
    Reply
    September 3, 2026,

    usa online casino fast payouts, united kingdom casino documentary online and
    united kingdom online pokies 2021, or how to win on the pokies
    in united states

  36. Boris
    Reply
    September 3, 2026,

    free spins casino no deposit bonus canada, no deposit bonus on sign up usa and canadian roulette app, or
    fishin freuky slot

  39. Mirta
    Reply
    September 4, 2026,

    top bingo site uk, usa mobile casinos no deposit bonus and best online
    casino usa 2021, or casoola casino uk login

  49. Brett
    Reply
    September 4, 2026,

    united kingdom no deposit casino bonus, free spins for registration usa 2021 and new no deposit bonus
    casino uk, or latest australian slot machines

  50. Olive
    Reply
    September 4, 2026,

    apple pay online casino united kingdom, play free online
    pokies nz and free united statesn poker money, or casinos for gambling for
    uk

Leave a Reply

Your email address will not be published. Required fields are marked *