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Tag Archives: N5000

Senate Suspends CBN’s Proposed New N5000 Note

August 27, 2012 1 Comment

The Senate this evening Monday August 27th directed the Central Bank of Nigeria to stop plans to introduce a single N5000 note with immediate effect. The Senate, in a press conference in Abuja today, said that CBN had no right to embark on a matter that has ‘far reaching implication on Nigeria and Nigerians’ without first consulting the Senate and ... Read More »

Central Bank To Spend 40Billion To Print N5000 Note

August 27, 2012 Leave a comment

One of the biggest problems in my view that plagues Nigeria other than corruption is misplaced priorities. In a country where terrorism, insecurity and poverty reign supreme, It is quite upsetting that the government think the most appropriate thing to do at this point is to devalue the Naira by introducing the N5000 n0te and reducing the N2O, N10,N5 to ... Read More »