The Central Bank of Nigeria (CBN) has launched two new account types designed specifically for Nigerians living abroad: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). These accounts offer a range of benefits, including¹:
- Seamless transactions: Easy transfer of foreign and local currencies
- Investment opportunities: Investment in Nigerian assets
- Full repatriation of funds: Ability to transfer funds back home
- Enhanced financial inclusion: Increased access to financial services for Nigerians abroad
- Boost to diaspora investments: Encouragement of investments from Nigerians living abroad
These new account types are aimed at enhancing financial inclusion and boosting diaspora investments in Nigeria. If you’re a Nigerian living abroad, you can learn more about these accounts and how they can benefit you by watching The Money Brief on Nairametrics TV on YouTube.
Source: Nairametrics
