Surge in Diaspora Remittances Reflects Impact of CBN’s Foreign Exchange Reforms – NIDCOM
The Nigerians in Diaspora Commission (NIDCOM) has attributed the recent increase in diaspora remittances, estimated at $600 million monthly, to the ongoing foreign exchange reforms initiated by the Central Bank of Nigeria (CBN). The Commission described the development as a strong signal that confidence is gradually returning to Nigeria’s formal financial system. Speaking on the