Nigeria Investing

Domiciliary Account

Definition

What is Domiciliary Account?

A Nigerian bank account denominated in a foreign currency.

Example in practice

Dollar-fund redemption proceeds are paid into a domiciliary account.

Keep learning

Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.

A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.

Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.

A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.