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

4,630Posted 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:

4,630 Comments

  4. Blackjackist Apk
    Reply
    September 26, 2026,

    casino euro uk login, best online pokies in united kingdom and online casino australia free spins sign up,
    or bouka spins no deposit bonus 2021

  6. Charlene
    Reply
    September 26, 2026,

    25 free spins on sign up australia, usa pokies online and bet365
    play new zealandn roulette online uk, or united statesn casino guide
    coupons

  7. Bud
    Reply
    September 26, 2026,

    no deposit bonus free spins uk, canadian online pokies free spins and
    online gambling market share uk, or poker runs united states 2021

  8. Google Roulette Game
    Reply
    September 26, 2026,

    casino in toronto ontario australia, rules of gambling usa and australian poker machine online, or casinos that accept neteller australia

  12. Alexandra
    Reply
    September 27, 2026,

    10 minimum deposit casino united kingdom, best online casino apps uk and pokies real money australia, or top paying online casinos united states

  14. Mariano
    Reply
    September 27, 2026,

    online casinos licensed in usa, bouka pokies and usa slot festival,
    or uk poker sites

  15. Nilda
    Reply
    September 27, 2026,

    real money gambling online canada, big poker
    tournaments uk and usa slots no deposit free spins,
    or united kingdom poker machines online free

  16. maybury casino
    Reply
    September 27, 2026,

    legitimate canadian online casinos, best australian casino sites and online
    casino united statesn legal real money no deposit bonus, or online bingo for prizes in uk

  17. Waylon
    Reply
    September 27, 2026,

    european online casinos real money usa players free spins, gambling in ontario australia and casino online australia free, or canadian casino guide slot payback info

  19. Lucienne
    Reply
    September 27, 2026,

    legitimate canadian online casinos, online casino in australia 2021 and free bonus no
    deposit casino usa, or highest payout online casino usa

  21. https://clearancebull.com
    Reply
    September 27, 2026,

    gambling affiliates usa, difference between european roulette and united kingdom and ontario australia online gambling, or $1 deposit casino usa 2021

  22. Everett
    Reply
    September 27, 2026,

    uk casino no deposit bonus no wagering, yusaon casino review and casino apps real money australia,
    or free sign up bonus united statesn casino

  24. deposit 3 pound bingo
    Reply
    September 27, 2026,

    the top online pokies and casinos in united states legit,
    888 casino canada promo code and united kingdom online poker news, or
    united statesn casino free spins no deposit

  25. Play ludo earn Money App
    Reply
    September 27, 2026,

    online casino canada real money roulette, no deposit
    online casino united states and online gambling laws new zealand, or are
    gambling winnings earned income usa

  26. how to buy casino stocks
    Reply
    September 27, 2026,

    best usa pc slot game, bet365 new zealandn roulette instructions and no deposit mobile casino canada, or casino united statesn poker 2

  28. napoli casino promo code
    Reply
    September 27, 2026,

    how to hack australian pokies, united kingdom poker texas holdem and free sign up bonus usa bingo, or real money poker
    apps united states

  29. Gender Reveal Roulette
    Reply
    September 27, 2026,

    newest online casinos canada 2021, new zealandn blackjack
    rules and online gambling canada banned, or montreal
    australia casino

  30. how to make a casino site
    Reply
    September 27, 2026,

    best new casino sites usa, online live roulette canada and how
    can i play online poker in united states, or legal online casinos australia

  33. Craps pay table
    Reply
    September 27, 2026,

    pokies from canada, united statesn casino online and legit australian online casino, or best online
    poker in united states

  34. Isidro
    Reply
    September 27, 2026,

    gala bingo usa, $150 free no deposit casino australia and
    bet365 united statesn roulette guide uk, or casino
    in united state of australia

  36. Lionel
    Reply
    September 27, 2026,

    gaki no tsukai electric shock roulette, casino online uk free and ept poker chips in usa, or free money online casino united kingdom

Leave a Reply

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