CBN Unveils Non-resident Accounts to Boost Diaspora Investments, Remittances Issues framework for accounts operation Says accounts to enjoy full repatriation of funds outside Nigeria amid other benefits
James Emejo in Abuja
The Central Bank of Nigeria (CBN)
yesterday announced the introduction of the Non-Resident Nigerian Ordinary Account (NRNOA) and
Non-Resident Nigerian Investment Account (NRNIA) which aim at enhancing foreign capital inflows
through investments and remittances by Nigerians in the diaspora. While the NRNOA enables Non-
Resident Nigerians (NRNs) to remit their foreign earnings to Nigeria and manage funds in both foreign and
local currencies, the NRNIA enables Continued on page 5
Makinde Approves Owoade as New Alaafin of Oyo...
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Saturday January 11, 2025 Vol 29. No 10870
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A'Court Nullifies Judgements on Kano Emirship Tussle
Strikes out suit filed at Federal High Court, orders retrial Alex Enumah in Abuja and Ahmad Sorondinki in Kano
The Court of Appeal sitting in Abuja, yesterday nullified two separate judgements of both the Federal High President Bola Tinubu (left) and Deputy Secretary General of the United Nations, Amina Mohammed, during a visit by the UN official to the State House…Abuja yesterday
Continued on page 5
GHL: We Rescued First Bank from Abyss, Won’t Throw Away Baby with Bathwater
Highlights how FBN moved from loss position of N302bn to N151bn profit following oil coy’s intervention Says without fulfilling existing pre-conditions, can bank truly keep its accounts? See story on page 5 Queries if deal was disclosed to investors in rights issue? GHL reiterates capacity to meet any obligation that may fall due
CHANGE OF BATON AT OHANAEZE NDIGBO...
L-R: Former Governor of Anambra State, Sen. Chris Ngige; former President of the Senate, Sen. Adolphus Wabara; Chief of Staff to Ebonyi State Governor, Prof. Emmanuel Echiegu; Governors of Anambra State, Prof. Charles Soludo; Abia State, Dr. Alex Otti; Imo State, Sen. Hope Uzodimma; Enugu State, Dr. Peter Mbah and former President-General of Ohanaeze Ndigbo Worldwide, Ozichukwu Chukwu, during the election of members of the new Executive Committee of the pan-Igbo organisation at the Old Government Lodge, Enugu...yesterday
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