CBN confirms $553m remittance inflows to Nigeria for July

The Central Bank of Nigeria (CBN) on Tuesday confirmed $553 million in remittance inflows to the country for July.

The CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, said in a statement in Abuja the remittances represent a 130 percent increase from the corresponding period in 2023.

Sidi-Ali said the figure represented the highest monthly total inflows on record and reflected the ongoing efforts by the apex bank to enhance liquidity in Nigeria’s foreign exchange market.

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