Nigeria, Sept. 10 -- The Central Bank of Nigeria expects diaspora remittances to hit $1 billion a month next year, Governor Olayemi Cardoso said on Tuesday.

Speaking at the 18th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN), Mr Cardoso said remittance inflows were recovering strongly after reforms aimed at increasing transparency and building trust with Nigerians abroad.

"By next year, our projection will be a billion dollars a month of diaspora remittances. We at the Central Bank, as far as we are concerned, have done all the things to enable that to happen," he said.

He noted that inflows had already risen to $600 million a month from $250 million, supported by outreach efforts with com...