Cardoso: Nigeria Nears $1bn Monthly Remittance Milestone, Inflow Rose to $947 Million in July IMTO inflows rise 50.2% to $3.8bn in seven months
Nume Ekeghe
Governor of the Central Bank
of Nigeria (CBN), Olayemi Cardoso, has said Nigeria is closing in on its target of
attracting $1 billion in monthly remittance inflows, after inflows through International Money
Transfer Operators (IMTOs) rose to a record $947 million in July 2026.
The July figure represents the highest monthly remittance inflow ever recorded through
formal channels and brings the Continued on page 5
NESG: 2027 Election Spending, Insecurity Pose Risks to Nigeria’s H2 Growth Outlook... Page 33 Monday, Monday, August January31, 6, 2026 2025 Vol Vol29. 31.No No10865. 11467. Price: N400
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Oyetola: After Generating N1.83tn, Marine Ministry to Revive National Shipping Line Emmanuel Addeh in Abuja
L-R: APC Governorship candidate in Rivers State, Hon Kingsley Chinda; the State Governor, Siminalayi Fubara; FCT Minister, Nyesom Wike; Dr. Sam Sam Jaja; and Chairman, NUPRC, Senator Magnus Abe, during the governor's visit to the minister in his Port Harcourt residence, yesterday
The Minister of Marine and Blue Continued on page 5
ADC to Yari: Tell Tinubu to Account for N15.8 Trillion Subsidy Windfall Atiku: Tinubu’s reforms conveyor belt to poverty Insists Tinubu’s three-week European vacation troubling
Chuks Okocha and Emmanuel Addeh in Abuja African Democratic Congress (ADC) yesterday challenged the director-general of President Bola Tinubu's re-election campaign, Senator Abdul’aziz Yari, to explain what Nigerians had gained from the trillions of naira generated from petrol subsidy removal before dismissing the promises of relief by Atiku Abubakar as a lie. ADC, in a statement signed by its spokesman, Bolaji Abdullahi, said Yari’s comments were particularly significant because he was not speaking merely as an APC senator, but as the man charged with persuading Nigerians to give Tinubu another four years. Continued on page 5
SANWO-OLU MEETS TRUMP'S SPECIAL ADVISER, BOULOS, IN WASHINGTON...
The Senior Advisor to President Donald Trump on Arab and Middle Eastern Affairs and concurrently the Senior Special Advisor for Africa at the U.S. Department of State, Mr. Massad Boulos (left) and the Lagos State Governor, Mr. Babajide Sanwo-Olu, after a meeting, at the U.S. Department of State, Washington DC, United States of America, on Friday