Nigeria’s IMTO Inflows Hit Record $1.57bn In Q2 2026.
Inflows from International Money Transfer Operators (IMTOs) into Nigeria rose to $1.57 billion in the second quarter of 2026, the highest quarterly total recorded in the available series between 2019 and 2026.
According to the Central Bank of Nigeria’s (CBN) Q2 2026 Statistical Bulletin, the figure represents an increase of approximately 33 per cent from the $1.18 billion recorded in the corresponding period of 2025.
The latest inflow surpassed the previous quarterly record of approximately $1.47 billion recorded in the third quarter of 2024, reflecting stronger remittance receipts in May and June 2026.
Data from the CBN showed that inflows stood at $513.81 million in April 2026, compared with $597.44 million in April 2025. Receipts increased to $472.13 million in May, up from $288.17 million in the same month of the previous year, while June inflows rose to $580.16 million from $292.25 million in June 2025. Although April recorded a year-on-year decline, the increases in May and June more than offset the shortfall. June also recorded the highest monthly inflow of the quarter.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Arise News.