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Nigeria: CBN targets $1bln monthly diaspora remittance by the end of 2026
The Central Bank of Nigeria (CBN) on Thursday disclosed that Nigerian foreign exchange through diaspora inflow will reach $1.0 billion per month by the end of 2026. Reviewing reforms at the 2026 Monetary Policy Committee (MPC), the Governor of CBN, Mr. Olayemi Cardoso said the reforms of the Apex Bank have now repositioned diaspora remittances among Nigeria’s most stable FX , often outperforming oil receipts during periods of market stress. [...]