Nigeria’s inflows via World Cash Switch Operators (IMTOs) rose to $1.57 billion in the second one quarter of 2026, the easiest quarterly general between 2019 to 2026.
In keeping with the Central Financial institution of Nigeria’s (CBN) Q2 2026 Statistical Bulletin, the rise mirrored sturdy inflows in Might and June.
The newest determine surpassed the former quarterly top within the to be had sequence, recorded in Q3 2024 at $1.47 billion.
IMTO inflows succeed in $1.57 billion
CBN information display that IMTO inflows totalled roughly $1.57 billion between April and June 2026, up from $1.18 billion within the corresponding length of 2025, an building up of about 33%.
- April inflows stood at $513.81 million, down from $597.44 million in April 2025.
- Might inflows larger to $472.13 million, when compared with $288.17 million a 12 months previous.
- June recorded $580.16 million, up from $292.25 million in June 2025.
The more potent inflows in Might and June greater than offset April’s year-on-year decline. June additionally recorded the easiest per 30 days influx of the quarter.
The quarterly general exceeded the former second-quarter top of roughly $1.26 billion recorded in 2024.
How quarterly inflows evaluate traditionally
The per 30 days figures display that quarterly IMTO inflows have numerous significantly since 2019, with a broader building up within the quantities recorded lately.
Q2 inflows have been roughly $551.86 million in 2019, $482.58 million in 2020, $638.19 million in 2021, $954.61 million in 2022 and $810.84 million in 2023. They then rose to $1.26 billion in 2024, sooner than easing to $1.18 billion in 2025.
The newest quarterly efficiency represents a brand new top in opposition to those earlier second-quarter totals. The per 30 days sequence additionally displays that Q3 2024 inflows reached roughly $1.47 billion, whilst This fall 2025 recorded about $1.40 billion.
Nairametrics in the past reported that IMTO inflows reached $1.29 billion in Q1 2026, representing a forty five% building up from $888.47 million in the similar quarter of 2025. The newest figures display that inflows reinforced additional in the second one quarter.
CBN tightens IMTO rules
The rise in remittance inflows comes amid regulatory adjustments offered through the CBN to toughen oversight of global cash transfers and strengthen transparency within the foreign currencies marketplace.
- In March 2026, the apex financial institution directed all IMTOs operating in Nigeria to open and handle naira agreement accounts with accredited broker banks. The directive was once geared toward tightening oversight of diaspora remittances and making improvements to transparency within the FX marketplace.
- The transfer adopted previous adjustments to the sphere’s working framework. In January 2024, the CBN removed the cap on exchange rates quoted by IMTOs. Prior to the trade, operators have been required to cite charges inside of a spread of -2.5% to +2.5% round the day past’s final fee at the Nigerian International Trade Marketplace.
- The CBN therefore issued revised pointers for IMTO operations on the finish of January 2024, additional adjusting the foundations governing the sphere.
The efficiency follows a decline in IMTO inflows all the way through the primary part of 2025, when receipts fell through 11.78% when compared with the similar length in 2024, in line with an previous Nairametrics report. The newest information subsequently display a more potent remittance influx development within the first part of 2026.