The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 percent increase from the corresponding period in 2023. In a statement on Tuesday, Hakama Sidi Ali (Mrs.), Ag. Director of the Corporate Communications Department at the CBN, said this figure represents the highest monthly total inflows on record and reflects ongoing efforts by the apex bank to enhance liquidity in Nigeria’s foreign exchange market. She noted that the substantial growth in remittance receipts is attributable to policy measures…
Read MoreCBN Records All-Time High Remittance Inflows Of $553m In July
