By Fatima Saka
Nigeria recorded $1.57 billion in diaspora remittance inflows in the second quarter of 2026, the highest quarterly figure in available data covering 2019 to 2026, the Nigerians in Diaspora Commission (NiDCOM) has said.
The figure represents a 33 per cent increase from the $1.18 billion recorded in the corresponding period of 2025, according to the Central Bank of Nigeria’s (CBN) Q2 2026 Statistical Bulletin.
The statement was e-signed by Abdur-Rahman Balogun, Director of Media, Public Relations and Protocols, NiDCOM, Abuja, on behalf of the commission’s Chairman/Chief Executive Officer, Hon. Abike Dabiri-Erewa, who welcomed the development as evidence of the continued contributions of Nigerians abroad to the country’s economic growth and stability.
Dabiri-Erewa noted that the latest inflow surpassed the previous quarterly record of approximately $1.47 billion recorded in the third quarter of 2024.
A breakdown of the figures showed that remittance inflows through International Money Transfer Operators (IMTOs) stood at $513.81 million in April 2026, compared with $597.44 million in April 2025.
The inflows, however, rebounded in May 2026 to $472.13 million from $288.17 million recorded in the corresponding month of the previous year.
June recorded the strongest monthly performance, with remittances rising to $580.16 million, compared with $292.25 million in June 2025.
The commission also noted that the second-quarter performance consolidated the recovery recorded in the first quarter of 2026, when inflows reached $1.29 billion, representing a 45 per cent increase over the $888.47 million recorded in Q1 2025.
NiDCOM said the sustained growth reflected the commitment of Nigerians in the diaspora to supporting their families and contributing to the country’s broader economic development.
It added that diaspora remittances remained an important source of foreign exchange, household support and economic resilience.
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According to the commission, increased remittance inflows through formal financial channels could also strengthen foreign exchange supply, improve transparency in the currency market and promote economic stability.
NiDCOM further stressed the need to sustain confidence in regulated money transfer channels and create an enabling environment to attract more diaspora investments.
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