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

  1. Arnoldo
    Reply
    September 29, 2026,

    free fishing freuky slots, online slots bonausaa and online gambling sites real money usa,
    or how to win roulette in casino uk

  11. Sheryl
    Reply
    September 30, 2026,

    online casino legal united states, top paying
    online casinos canada and bingo bonus usa welcome, or td united states visa debit gambling

  15. Ezequiel
    Reply
    September 30, 2026,

    Amazing things here. I am very happy to see your post.

    Thank you so much and I’m looking ahead to touch you.
    Will you kindly drop me a e-mail?

  28. http://Demo.dipa.vn/
    Reply
    September 30, 2026,

    best online pokies united states casino, new uk casino king bonus and cash freuky casino free chips, or how much
    does canada spend on pokies

  46. https://www.possibilify.Com/
    Reply
    September 30, 2026,

    uk casino no deposit bonus no wagering, real slot machines for sale canada and free bonus
    no deposit roulette usa, or no deposit bonus sign up casino united states

Leave a Reply

Your email address will not be published.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