IMTO inflows surge by 45% to $4.76 billion in 2024 amid CBN reforms
Nigeria’s International Money Transfer Operator (IMTO) inflows surged by 44.5% in 2024, reaching $4.76 billion compared to $3.30 billion in 2023, according to the Central Bank of Nigeria’s (CBN) quarterly statistical bulletin. This growth, driven by reforms under CBN Governor Olayemi Cardoso since September 2023, reflects a robust increase in remittances, a critical source of … Read more