Diaspora Remittances Up 79 To 4bn In 9m24 Cardoso

Diaspora remittancesthrough International Money Transfers Operators IMTOs rose massively to 4.18 billion in the first three quarters of 2024 9M24, about 79.4 percent above the 2.33 billion in the same period of 2023.

Governor of the Central Bank of Bank CBN, Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Stakeholders Forum, in Abuja, yesterday.

He attributed the positive development to the various reforms introduced by apex bank in the past one year.

He stated: Beyond monetary policy, the bank undertook critical reforms to strengthen the financial system and ensure macroeconomic stability.