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

  3. Melaine
    Reply
    September 8, 2026,

    casinos in toronto ontario australia, top 100 uk online
    casinos and usa online casino for usa players, or united statesn online poker

  4. Alejandro
    Reply
    September 8, 2026,

    virtual poker with friends uk, best rated online pokies new zealand and gambling trends usa, or 100 slots bonus usa

  10. Kathrin
    Reply
    September 8, 2026,

    casino amusements united kingdom, party casino united states
    and online casino uk pay by mobile, or are poker machines legal
    in western canada

  15. Eula
    Reply
    September 8, 2026,

    bonanza slot volatility, uk slots sites and bug
    bausaai slots, or online casino from united states

  24. Florencia
    Reply
    September 8, 2026,

    all poker sites uk, difference between european roulette
    and united kingdom and download poker stars uk mac,
    or bet365 new zealandn roulette tips

  27. Rodrick
    Reply
    September 8, 2026,

    list of united statesn online casinos, bet365 united statesn roulette
    tips and canadian poker, or best online casino australia zodiac

Leave a Reply

Your email address will not be published.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