ABUJA — Remittances from Nigerians abroad through international money transfer operators reached $950 million in July 2026, and the Central Bank of Nigeria is targeting $1 billion a month, Deputy Governor Muhammad Sani Abdullahi said at a workshop for financial journalists. He said total foreign exchange inflows in July were $10.82 billion, about 68 per cent of them from non-CBN sources, and that net foreign portfolio inflows reached $6.31 billion between January and August. The gap between official and parallel market exchange rates has narrowed from 68.2 per cent in early 2023 to under 2 per cent. Gross reserves stood at $55.6 billion on 11 September, and 33 banks have met the new capital requirements, raising N4.65 trillion.