NEWS
CBN Introduces New Financial Accounts for Non-resident Nigerians
The Central Bank of Nigeria (CBN) has announced the launching two financial accounts for Nigerians living abroad.
This was contained in a circular signed by W.J. Kanya, Acting Director of the Trade and Exchange Department on January 1, 2025.
These accounts, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), seeks to enhance the involvement of Nigerians in the diaspora in the country’s economy.
The NRNOA will facilitate the management of foreign earnings in foreign and local currencies, simplifying remittances and reducing reliance on intermediaries. Meanwhile, the NRNIA will be for investment opportunities like Nigerian Diaspora Bonds and other asset instruments.
The accounts aim to provide secure and direct channels for fund management while enabling diasporans to meet local obligations and actively contribute to Nigeria’s socio-economic development.
Eligible Nigerians in the diaspora can now open these accounts, provided they meet the standard Know Your Customer (KYC) requirements.
The CBN hopes to streamline financial integration and encourage diasporans to engage more deeply in Nigeria’s economic weather.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike
Rivers Prepares for Fubara’s Return as Ibas Defends Six-Month Tenure
Nigerian Conjoined Twins Return Home After Successful Separation Surgery in Saudi Arabia
ADC Denies Report of INEC Releasing List of State Chairmen
INEC Insists PVC Mandatory for Voting Despite BVAS Advancements
Nepal’s New Interim PM to Serve for Only Six Month
Aiyedatiwa Orders Probe into Fake Teaching Appointment Letters in Ondo
Resident Doctors Suspend Warning Strike, Issue Two-Week Ultimatum
Three-Storey Building Collapses in Lagos, Rescue Operations Underway
Hilda Baci Stirs up History with Giant Pot of Rice
Co-Pilot, Cabin Crew Reject NSIB Report on Drug and Alcohol Tests
NAFDAC Seizes Fake Malaria Drugs Worth N1.2bn in Lagos
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike
Rivers Prepares for Fubara’s Return as Ibas Defends Six-Month Tenure
Nigerian Conjoined Twins Return Home After Successful Separation Surgery in Saudi Arabia
ADC Denies Report of INEC Releasing List of State Chairmen
INEC Insists PVC Mandatory for Voting Despite BVAS Advancements
Nepal’s New Interim PM to Serve for Only Six Month
Aiyedatiwa Orders Probe into Fake Teaching Appointment Letters in Ondo
Resident Doctors Suspend Warning Strike, Issue Two-Week Ultimatum
Three-Storey Building Collapses in Lagos, Rescue Operations Underway
Hilda Baci Stirs up History with Giant Pot of Rice
Co-Pilot, Cabin Crew Reject NSIB Report on Drug and Alcohol Tests
NAFDAC Seizes Fake Malaria Drugs Worth N1.2bn in Lagos
End SARS Critic Yunusa Ahmadu Yusuf Dies in Abuja Hotel at 47
Iheanacho’s Last-Gasp Penalty Fires Celtic Back to Top of Scottish Premiership
NiMet Forecasts Three Days of Thunderstorms, Moderate Rains Across Nigeria
FCT Resident Doctors Declare Indefinite Strike
Rivers Prepares for Fubara’s Return as Ibas Defends Six-Month Tenure
Nigerian Conjoined Twins Return Home After Successful Separation Surgery in Saudi Arabia
ADC Denies Report of INEC Releasing List of State Chairmen
INEC Insists PVC Mandatory for Voting Despite BVAS Advancements
Nepal’s New Interim PM to Serve for Only Six Month
Aiyedatiwa Orders Probe into Fake Teaching Appointment Letters in Ondo
Resident Doctors Suspend Warning Strike, Issue Two-Week Ultimatum
Three-Storey Building Collapses in Lagos, Rescue Operations Underway
Hilda Baci Stirs up History with Giant Pot of Rice
Co-Pilot, Cabin Crew Reject NSIB Report on Drug and Alcohol Tests
NAFDAC Seizes Fake Malaria Drugs Worth N1.2bn in Lagos
-
CAMPUS REPORTS6 days agoAE-FUNAI Mass Comm HOD Eyes Stronger Alumni, Second-Term Reforms
-
NEWS5 days agoFoundation Flags Off ‘Back to School’ Programme in Ebonyi
-
FACT-CHECKS/INVESTIGATION6 days agoTroops Kill Notorious Bandit Leader Kachalla Bala, Five Others in Kogi
-
FACT-CHECKS/INVESTIGATION5 days agoCourt Denies Bail to Five More Accused of Owo Church Bombing
-
SPORTS6 days agoNottingham Forest Appoint Ange Postecoglou as New Manager
-
POLITICS6 days agoNational Assembly Blocks Senator Natasha’s Resumption
-
NEWS4 days agoFG Inaugurates Committee for Nigeria’s 65th Independence Celebration
-
FACT-CHECKS/INVESTIGATION6 days agoVillage Head Arrested for Allegedly Shooting Sister in Akwa Ibom
-
FACT-CHECKS/INVESTIGATION4 days agoAnsaru Commander Mahmud Usman Jailed 15 Years
-
INSIDE NYSC5 days agoLagos Corps Member Emerges Runner-Up in DG’s Writing Contest
-
FOREIGN4 days agoUS Activist Charlie Kirk Shot Dead at Utah University
-
NEWS4 days agoKano Bans Unauthorized Chainsaw Use, Introduces New Permit System