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. mobile gambling stocks
    Reply
    September 10, 2026,

    are there casinos in montreal australia, online casino instant withdrawal uk and no
    deposit united states casino, or free 10 no deposit casino
    uk

  8. Tonopah Casino
    Reply
    September 10, 2026,

    top bingo site uk, apple pay casino canada and
    united statesn pokie machine hack, or free spins goukos quest

  11. Winstar Video Blackjack
    Reply
    September 10, 2026,

    free signup bonus no deposit mobile casino uk 2021, free slots cash frenzy and no deposit
    casino bonus usa august 2021, or best casino in london uk

  12. Leland
    Reply
    September 11, 2026,

    canada visa slots, slot casino uk and free spin no deposit bonus codes usa, or bet365 craps odds
    usa

  19. Tara
    Reply
    September 11, 2026,

    how to win pokies nz, best australian casino sites and no deposit casino bonus
    usa august 2021, or free online poker machine games australia

  20. Micheal
    Reply
    September 11, 2026,

    free online bingo australia, usa casino sign up bonus and best united kingdom online
    casinos real money, or trusted uk casinos

  21. Francine
    Reply
    September 11, 2026,

    new zealandn online casino 5 dollar min deposit, casino jack
    milwaukee and deposit 5 get 100 free spins uk, or
    spin palace withdrawal canada

  23. Kassie
    Reply
    September 11, 2026,

    best online slots payout percentage usa, list of casinos in usa and united statesn real money casino, or poker online uk free

  47. Remote Gambling order
    Reply
    September 11, 2026,

    best rated payout online casino nz, party casino united states and new
    casino online usa 2021, or new zealands best onlinecasinos
    gambling com

Leave a Reply

Your email address will not be published.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