/ Jun 29, 2026
/ Jun 29, 2026

Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso

Published on

By

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600 million monthly.

He disclosed this at the Delta State–Brazil Business and Investment Roundtable on Thursday in São Paulo, Brazil.

According to him, following the apex bank’s policies, the country’s exchange rate is becoming more competitive.

He said critics laughed at the CBN when it began rolling out reforms to ensure that diaspora inflows became a potential source of diversifying Nigeria’s foreign exchange inflows.

He added that Nigerians in the diaspora were now more confident in FX remittance channels, which is part of the reason for the surge in inflow.

“When we started looking at diaspora flows as a potential source of diversifying our foreign exchange flows, people laughed, and we found that we started off at about $200 million every month.

“In the last two months, the last count, we had reached $600 million per month. And by next year, we anticipate we will be getting at least $1 billion from our diaspora folks at home,” he stated.

Recently the naira appreciated against the dollar on Thursday to close at N1,535.47 amid a sustained rise in external reserves, which stood at $41.24 billion, according to CBN data.

You May Like

10 thoughts on “Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso

  1. В лабиринте ставок, где любой ресурс пытается привлечь гарантиями простых выигрышей, казино топ список рейтинг
    становится как раз той ориентиром, что ведет через ловушки обмана. Для профи да новичков, которые пресытился из-за фальшивых обещаний, он средство, дабы увидеть реальную выплату, как тяжесть ценной монеты на руке. Без пустой воды, только реальные клубы, где отдача не только показатель, но конкретная удача.Подобрано по поисковых трендов, как паутина, что захватывает топовые актуальные тенденции по рунете. В нём минуя пространства про стандартных фишек, каждый пункт будто ход на игре, там блеф проявляется сразу. Хайроллеры понимают: на стране тон разговора на подтекстом, где сарказм скрывается как рекомендацию, помогает обойти ловушек.На https://www.wantedly.com/id/Don8Play этот список ждёт будто раскрытая колода, подготовленный на раздаче. Загляни, когда хочешь увидеть биение настоящей ставки, обходя обмана да провалов. Игрокам что ценит вес удачи, он будто взять карты в руках, а не глядеть на монитор.

  2. Youre so cool! I dont suppose Ive learn something like this before. So good to search out somebody with some unique ideas on this subject. realy thanks for starting this up. this web site is one thing that is wanted on the net, somebody with slightly originality. helpful job for bringing something new to the web!

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Osasere Okundaye, 16, recognised as Nigeria's youngest chartered accountant after achieving professional ICAN qualification.

16-Year-Old Osasere Okundaye becomes Nigeria’s youngest chartered accountant

A 16-year-old Nigerian student, Osasere Okundaye, has made history by becoming the youngest chartered accountant in Nigeria.   According to TheCable, the achievement was celebrated by the Minister of Youth Development, Ayodele Olawande, who described it as a reflection of hard work, discipline, resilience and an unwavering commitment to excellence. In a statement issued on Monday, Olawande said Okundaye’s success demonstrates the limitless potential of Nigerian youths and serves as an inspiration for young people across the country. > “Osasere has distinguished herself as a shining example of the limitless potential of Nigerian youth. Her accomplishment reminds us that with determination, dedication, and the right support, young Nigerians can break barriers, set new records, and inspire a generation to dream bigger and strive for excellence,” the minister said. He also congratulated her parents, family, teachers, mentors and everyone who contributed to her academic journey, acknowledging their encouragement and sacrifices. The minister added that the Federal Ministry of Youth Development remains committed to implementing policies and programmes that empower young Nigerians to achieve their full potential. Okundaye’s achievement comes a year after Temilola Blossom Arise, then an 18-year-old economics student at University of Ilorin, passed all five papers in the professional stage examination of the Institute of Chartered Accountants of Nigeria to qualify as a chartered accountant. TheCable reported that Okundaye’s milestone sets a new national record for the youngest person to attain chartered accountant status in Nigeria.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.