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Tag Archives: N5

President Jonathan May Reverse Introduction Of Single N5,000 Note.

Posted ago by Patience

Barely 24 hours after the National Assembly vowed to move against the proposed currency restructuring exercise and the introduction of N5,000 banknote by the Central Bank of Nigeria (CBN), there are  indications that the project may be shelved. Investigations showed …

Nigerian Senate Halts CBN’s Proposed N5, 000 New Bill.

Posted ago by Patience

The Senate  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 yesterday, said that CBN had no right to embark …

CBN To Spend 40bn To Print N5, 000 Notes And Others.

Posted ago by Patience

The Central Bank of Nigeria will spend N40.3bn to produce its new coins and naira notes. Out of the amount, N11.8bn will be spent on the new N20, N10 and N5 coins. “The bank is spending over N40bn on the …