Before MySQL 4.1, NCHAR and CHAR were synonymous. ANSI defines NCHAR or NATIONAL CHAR as a way to indicate that a CHAR column should use some predefined character set. MySQL 4.1 and up uses utf8 as that predefined character set. For example, these column type declarations are equivalent:

CHAR(10) CHARACTER SET utf8
NATIONAL CHARACTER(10)
NCHAR(10)

As are these:

VARCHAR(10) CHARACTER SET utf8
NATIONAL VARCHAR(10)
NCHAR VARCHAR(10)
NATIONAL CHARACTER VARYING(10)
NATIONAL CHAR VARYING(10)

You can use N'literal' to create a string in the national character set. These two statements are equivalent:

SELECT N'some text';
SELECT _utf8'some text';