CBN To Introduce N5,000 Note - Business - Nairaland
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| CBN To Introduce N5,000 Note by Larufa(m): 7:26pm On Aug 23, 2012 |
The Central Bank of Nigeria has announced that it is going to introduce a N5,000 note into the system. The faces of three prominent Nigerian female activists are to be used on the new note. They are those of late politician and social mobiliser, Margaret Ekpo (1914 - 2006); late politician and activist Hajia Gambo Sawaba (1933 - 2001) and late politician and women's right activist Funmilayo Kuti (1900 -1978). Source: http://www.dailytrust.com.ng/index.php/other-sections/lead-stories/175116-breaking-news-cbn-to-introduce-n5000-note |
| Re: CBN To Introduce N5,000 Note by zeal500: 7:30pm On Aug 23, 2012 |
if this is true then Nigeria is dead 7 Likes |
| Re: CBN To Introduce N5,000 Note by chiozor: 7:44pm On Aug 23, 2012 |
Get coffin ready becos it is true and confirm! |
| Re: CBN To Introduce N5,000 Note by Nobody: 7:51pm On Aug 23, 2012 |
i heard the logo of the national assembly is to be at the reverse side. If that is true, then i think its a wrong decision. Why not the benin bronze head instead. Why the national assembly whose property is already on the two naira coin and whose members are all 'rogues and thieves' 6 Likes |
| Re: CBN To Introduce N5,000 Note by Nobody: 7:53pm On Aug 23, 2012 |
i heard the logo of the national assembly is to be at the reverse side. If that is true, then i think its a wrong decision. Why not the benin bronze head instead. Why the national assembly whose property is already on the two naira coin and whose members are all 'rogues and thieves' why did you say naija is dead? 1 Like |
| Re: CBN To Introduce N5,000 Note by Nobody: 8:04pm On Aug 23, 2012 |
they are also going to make 5,10 and 20 naira coins. I do not think this is a good devment. It means that pure water will become expensive to buy becos no one would want to have somany coins clashing in his pocket. 1 Like |
| Re: CBN To Introduce N5,000 Note by Nobody: 8:11pm On Aug 23, 2012 |
the three women are ok in my opinion instead of the eze wuruwuru that the igbo ethnocentric schuvinists are suggesting. 7 Likes |
| Re: CBN To Introduce N5,000 Note by zeal500: 8:20pm On Aug 23, 2012 |
sm1 is heading to become the worst CBN governor the nation has ever had 23 Likes |
| Re: CBN To Introduce N5,000 Note by TrueSeeker(m): 8:31pm On Aug 23, 2012 |
i think this guy is a great fool if not why should he think of turning N20 to coin when he can re-introduce N1 and 50k note? 6 Likes |
| Re: CBN To Introduce N5,000 Note by sultanemerald(m): 9:24pm On Aug 23, 2012 |
How does this support the cashless economy? How does it promote it. Countries are engaging in policies that will give returns on investment our leaders are bent on rendering nigeria cashless. What is the essence of this if not share greed, wantoness and general madness. 5 Likes |
| Re: CBN To Introduce N5,000 Note by UkwuNnu(m): 9:28pm On Aug 23, 2012 |
souldust: the three women are ok in my opinion instead of the eze wuruwuru that the igbo ethnocentric schuvinists are suggesting. Ife eji chu aja ka i'bu. 54 Likes |
| Re: CBN To Introduce N5,000 Note by lagerwhenindoubt(m): 9:28pm On Aug 23, 2012 |
Damn it.. my parole will cost much more these days  |
| Re: CBN To Introduce N5,000 Note by dondada78(m): 9:33pm On Aug 23, 2012 |
Instead of him to redominate the naira by taking away two zeros and give the weak naira the needed pep, this 'aboki' will now cause inflation like never before. Haba! Cant the dude think and see the beauty in Soludo's plan? 18 Likes |
| Re: CBN To Introduce N5,000 Note by manny4life(m): 9:36pm On Aug 23, 2012 |
LOL... The people suffer when you have a cattle rearer as CEO of Nigeria's Largest bank. 19 Likes |
| Re: CBN To Introduce N5,000 Note by kelvincoll(m): 9:37pm On Aug 23, 2012 |
| Lord Sanusi just wants to be remembered in the nigerian economic history but he's taking it the wrong way! All his policies has neva benefited the common man. 2 Likes |
| Re: CBN To Introduce N5,000 Note by ajisebioyo1(m): 9:37pm On Aug 23, 2012 |
There will be easy packing of money now, embezzlement on point, money laundry galore 3 Likes |
| Re: CBN To Introduce N5,000 Note by UkwuNnu(m): 9:38pm On Aug 23, 2012 |
Instead of this 500 naira ish, why not revisit Soludo's Re-denomination? 7 Likes |
| Re: CBN To Introduce N5,000 Note by Cupidkc(m): 9:38pm On Aug 23, 2012 |
Why do I have this feeling that this news once more is false. 5000what? |
| Re: CBN To Introduce N5,000 Note by Rhino5dm: 9:39pm On Aug 23, 2012 |
Which plan are you taking about? Thesame Soludo that intentionally allowed Erastus Akingbola, Cecilia Ibru to loot over 3 hundred billion share holders funds? Abeg Soludo is a thief joor. dondada78: Instead of him to redominate the naira by taking away two zeros and give the weak naira the needed pep, this 'aboki' will now cause inflation like never before. Haba! Cant the dude think and see the beauty in Soludo's plan? 3 Likes |
| Re: CBN To Introduce N5,000 Note by manny4life(m): 9:39pm On Aug 23, 2012 |
Many of you who GEJ won't see the mouth to complain when the problem hits the fan. Will you blame these policies on GEJ as well? |
| Re: CBN To Introduce N5,000 Note by flow1759: 9:39pm On Aug 23, 2012 |
Nigeria ebezina, ihe di oku ga j'oyi 3 Likes |
| Re: CBN To Introduce N5,000 Note by aryzgreat: 9:39pm On Aug 23, 2012 |
souldust: the three women are ok in my opinion instead of the eze wuruwuru that the igbo ethnocentric schuvinists are suggesting. otu nnegi bu wuruwuru! Anu mpama! Ewu congo! Nkita lachakwaa gi anya! udene rikwaa gi na ndu! Anuofia! 21 Likes |
| Re: CBN To Introduce N5,000 Note by UkwuNnu(m): 9:40pm On Aug 23, 2012 |
Maybe he wants to enhance 'cap-banking'. It comes naturally. 4 Likes |
| Re: CBN To Introduce N5,000 Note by erniok(m): 9:40pm On Aug 23, 2012 |
The CBN site doesn't have any info on this. But if true, is the beginning of hyperinflation in the country. |
| Re: CBN To Introduce N5,000 Note by manny4life(m): 9:41pm On Aug 23, 2012 |
Rhino.5dm: Well he allowed them loot - I do not support, but rescuing the banks is something else. As for his current policies, isn't it obvious his policies will destroy the economy? 1 Like |
| Re: CBN To Introduce N5,000 Note by DICKtator: 9:42pm On Aug 23, 2012 |
Larufa: The Central Bank of Nigeria has announced that it is going to introduce a N5,000 note into the system. Only if Facrook Lieman had waited for this,he wouldn't have been disgraced as much as he already has!!!! *ironing my money* call it money  4 Likes |
| Re: CBN To Introduce N5,000 Note by micklplus(m): 9:43pm On Aug 23, 2012 |
This mallam has fully lost it! What is the usefulness of N5000 note in a cashless economy? Most of his policies are SMH. I would think mallam should come up with something that would empower naira and not a policy that would make a bottle of coke to be sold for 5times the current price! I think mallam just got the award for the worst CBN governor ever. 3 Likes |
| Re: CBN To Introduce N5,000 Note by ANYPEN(m): 9:43pm On Aug 23, 2012 |
TrueSeeker: i think this guy is a great fool if not why should he think of turning N20 to coin when he can re-introduce N1 and 50k note? Becareful, he may not be the great fool here o! What commodity are you gonna buy with 50k or N1  1 Like |
| Re: CBN To Introduce N5,000 Note by Odunnu: 9:45pm On Aug 23, 2012 |
Had to run a quick google search to find out who this Sawaba woman is. Never heard of her until now, either in the dream or in reality . Lol. When is this man's tenure ending BTW? Cant wait to see him leave. 4 Likes |
| Re: CBN To Introduce N5,000 Note by micklplus(m): 9:46pm On Aug 23, 2012 |
ANY-PEN : Introduction of N1 and 50K can encourage price crash in that, Naira would be stronger against $€£, NO? |
| Re: CBN To Introduce N5,000 Note by Nobody: 9:46pm On Aug 23, 2012 |
why did economic course leave GHANA and come to NIGERIA |
| Re: CBN To Introduce N5,000 Note by manny4life(m): 9:46pm On Aug 23, 2012 |
ANY-PEN : The idea is not what it can buy because they are legal tender (MONEY), the idea is the quantity when tendered. That will force the market and economy to reevaluate it's pricing scheme to adjust circulating currencies... 2 Likes |
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