Regulatory Alerts2025-01-10 | TED/FEM/PUB/FPC/001/002Introduction of Non-Resident Nigerian Ordinary Account and Non-Resident Nigerian Investment Account
The Central Bank of Nigeria introduces the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA) for Nigerians living abroad. These accounts allow non-resident Nigerians to remit foreign earnings, invest in local and foreign currency assets, and access diverse investment opportunities in Nigeria. The accounts offer benefits such as improved access to the Nigerian economy and enhanced fund management for the diaspora community.