Nigeria Sees 11.78% Drop in Formal Remittance Inflows to $2.07bn in H1 2025, Despite CBN Reforms

Nigeria experienced an 11.78% decline in remittance inflows through International Money Transfer Operators in the first half of 2025, with total receipts falling to $2.07 billion from $2.34 billion in the same period of 2024—a shortfall of $275.93 million. The figures, drawn from the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin released on December

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