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Senate Suspends CBN’s Proposed New N5000 Note

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 »