Nigeria’s remittance inflows hit $1.57 billion, May and June fuel record surge
Nigeria’s inflows through International Money Transfer Operators (IMTOs) rose to $1.57 billion in the second quarter of 2026, the highest quarterly total between 2019 to 2026. The post Nigeria’s remittance inflows hit $1.57 billion, May and June fuel record surge appeared first on Nairametrics .
In the second quarter of 2026, Nigeria witnessed a record surge in remittance inflows, totaling $1.57 billion, with May and June playing a significant role in the increase. According to the Central Bank of Nigeria's (CBN) Q2 2026 Statistical Bulletin, this represented the highest quarterly total since records began in 2019. The surge in May and June surpassed April's year-on-year decline, with June recording the highest monthly inflow of the quarter.
The total influxes in the first half of 2026 outpaced the previous second-quarter high of $1.26 billion, recorded in 2024. Since 2019, monthly IMTO inflows have shown considerable variation, with a notable increase in recent years. The quarterly total exceeded the previous second-quarter high of $1.26 billion, recorded in 2024.
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