Nigeria remittances 2024
Nigeria, Egypt Top Africa’s $95bn Remittance Inflow
Nigeria, Egypt, and Morocco emerged as the top recipients of diaspora remittances into Africa in 2024, collectively leading a continent-wide inflow of $95 billion, according to the newly released State of Africa’s Infrastructure Report 2025 by the Africa Finance Corporation (AFC). The report underscores the growing relevance of remittance flows as a vital source of […]
CBN: FX Inflows via IMTOs Hit $4.76bn
Foreign exchange inflows into Nigeria through International Money Transfer Operators (IMTOs) surged by 44.49% to reach $4.76 billion in 2024, marking a significant recovery in remittance activity and foreign currency supply amid continued economic reforms by the Central Bank of Nigeria (CBN). This development, disclosed in the CBN’s latest Quarterly Statistical Bulletin, reflects a substantial […]
Personal Remittances Reach $20.93 Billion in 2024 – CBN
Nigeria witnessed a major economic milestone in 2024, as personal remittance inflows rose to $20.93 billion, representing an 8.9% increase compared to the previous year. The data was revealed in a statement by the Central Bank of Nigeria (CBN) on Wednesday, marking a significant indicator of economic resilience amid ongoing fiscal and monetary reforms. Personal […]