Diaspora remittances dropped by $18m in Q1 2024 – CBN

Remittances from Nigerians in Diaspora dropped by $18.9 million in the first quarter of this year.

The Central Bank of Nigeria (CBN) revealed this in its international payment data posted on its website.

According to the apex bank, Nigeria recorded $282.61 million as total direct foreign exchange remittances in the first quarter of 2024.