Nitriding thermochemical treatment under suitable parameters is used to nano-crystallize Fe73.5Cu1Nb3Si13.5B9 ribbon. This new kind of treatment leads to finer nano-structure and modifies the structural parameters of the α-Fe(Si) phase, obtained during the treatment. The magnetic properties are also improved; specific magnetization at room temperature and Curie temperature of the crystalline phase increase, and the magnetostriction constant becomes smaller. The nitrogenation seems to offer a new way to obtain nanostructured ribbons. PACS No.: 75.70