Nigeria recorded an 11.78% decline in remittance inflows through International Money Transfer Operators (IMTOs) in the first half of 2025 compared with the same period of 2024, according to figures from the Central Bank of Nigeria’s latest quarterly statistical bulletin.
Total IMTO inflows fell to $2.07 billion between January and June 2025, down from $2.34 billion in the corresponding period of 2024. This represents a shortfall of $275.93 million year-on-year.
Remittances are a key source of foreign-exchange liquidity for Nigeria, supporting household consumption and contributing to the country’s balance-of-payments position.