The Central Bank of Nigeria (CBN) has introduced two financial instruments, as part of its ongoing policy reforms in the foreign exchange market aimed at boosting and supporting diaspora remittances as well as Naira stability.

CBN Governor, Olayemi Cardoso, who disclosed this at the 32nd Annual Meetings of the African Export-Import Bank (Afreximbank) on Wednesday, in Abuja, stated that the financial instruments tagged Non-Resident Nigerian Ordinary Account and the Non-Resident Nigerian Investment Account were designated to serve Nigerians living abroad.

This initiative according to the apex bank governor, is expected to provide a secure and efficient platform for managing funds invested in the Nigerian financial markets.

Speaking on the economy, the CBN Governor stressed the need for clear communication, robust governance, data-driven decision-making, and proactive crisis planning in sustaining economic stability.

While emphasising the role of strong institutions in navigating volatility, he lauded the Afeximbank’s transformational role in strengthening Africa’s economic resilience, regional integration, and financial innovation.

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