Nigeria’s foreign exchange inflows through International Money Transfer Operators (IMTOs) rose sharply in 2024, reaching a total of $4.76 billion.
This represents a significant 44.5% increase from the $3.30 billion recorded in 2023, according to data from the Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin.
IMTO inflows continue to be a vital source of foreign currency for Nigeria, supporting families, businesses, and the broader economy amid ongoing FX market challenges.
