Non-resident Nigerian Ordinary Account (NRNOA) and Non-resident Nigerian Investment Account (NRNIA)

Officially launched in January 2025 by the Central Bank of Nigeria (CBN), these new types of accounts serve to further facilitate remittances, financial management, and investments for the diaspora. The NRNOA enables to remit foreign earnings to Nigeria and manage funds in both foreign and local currencies, while the NRNIA enables to invest in assets in the country using either foreign currency (FCY) or local currency (LCY) and thus facilitating participation in diverse investment opportunities, including diaspora bonds and other debt instruments issued locally. Also, for seamless onboarding and account setup, the CBN encourages partner banking institutions to integrate with the NIBSS’s NRBVN platform.”