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Nigeria’s diaspora remittance inflows fell to $5.30 billion in Q1 2026 from $5.72 billion in Q4 2025Also, Nigeria’s current account surplus surged 255.7% to $4.98 billion, driven by higher crude oil and gas exports CBN data also revealed that external reserves rose to $48.35bn despite remittance decline
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Personal remittances into the country, otherwise called diaspora remittances, dropped in the first three months of this year as Nigerians in other climes sent home $5.30bn compared to $5.72bn in the last three months of last year.
These details are contained in the Central Bank of Nigeria( CBN)’s first-quarter 2026 balance of payments report.
Nigeria’s diaspora remittances drop to $5.30bn as FX leakages persist Photo: NurphotoSource: Facebook
The fall, stakeholders believed, is as a result of prevalent FX leakages that have continuously frustrated
