Diaspora Remittances Hit All-time High In July At $553m …C0NTINUE READING HERE >>>
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023.
The figure represents the highest monthly total inflows on record and reflects ongoing efforts by the CBN to enhance liquidity in Nigeria’s foreign exchange market.
A statement issued by the apex bank and signed by its acting Director, Corporate Communications, Hakama Sidi Ali, on Tuesday, noted that…
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