The Central Bank of Nigeria (CBN) has reported a 39% increase in inflows through International Money Transfer Operators (IMTOs) for the first quarter of 2024 compared to the same period in 2023.
This is according to data from the quarterly statistical bulletin of the CBN for the first quarter of 2024.
Recent reforms implemented by the CBN aimed at attracting more dollar supply through IMTOs seemed to have triggered the increase.
Read more at Nairametrics
This is according to data from the quarterly statistical bulletin of the CBN for the first quarter of 2024.
Recent reforms implemented by the CBN aimed at attracting more dollar supply through IMTOs seemed to have triggered the increase.
Read more at Nairametrics