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The Central Bank of Nigeria, CBN, says Diaspora remittances surged by 433 per cent to $1.3 billion in February from $300 million in January.
The Acting Director of Corporate Communications at CBN, Hakama Sidi Ali, disclosed this on Thursday.
She noted that foreign investors’ interest in Nigeria surged during the period referenced.
“The Bank’s data indicates that overseas remittances rose to US$1.3 billion in February 2024, more than four times the US$300 million received in January,” she said.
Recall that CBN Governor, Olayemi Cardoso, during the 293rd Monetary Policy Committee meeting, detailed a plan to tame inflation, foreign crisis and other measures, including raising interest rates to 22.75 per cent.
Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162
