CBN Introduces New Account Options for Non-resident Nigerians
The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs).
Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...
CBN Halts Export Proceeds Repatriation Extension
The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters, effective immediately.
This directive, issued via a circular dated January 8, 2025, applies to both oil and non-oil export transactions.
The...
