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The Central Bank of Nigeria: Record $947mln July remittances bring $1bln monthly target within sight

The Central Bank of Nigeria (CBN) has disclosed that Nigeria recorded US$947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and approaching the US$1 billion monthly target set by the Governor of the Bank, Olayemi Cardoso . [...]