Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,208,016 members, 8,001,115 topics. Date: Wednesday, 13 November 2024 at 12:45 AM

Senate Wants CBN To Convert Lower Naira Notes Into Coins - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Senate Wants CBN To Convert Lower Naira Notes Into Coins (26989 Views)

COVID-19: Withdraw Old Naira Notes From Circulation, Group Tells CBN / CBN Clean Note Policy: Mutilated Naira Notes May Be Useless After September 2 / Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by snopzy(m): 10:18pm On May 23, 2017
[/b]And how do they expect us to carry it!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by madjune(m): 10:18pm On May 23, 2017
Doomed lawmakers.

They don't learn any lessons. What happened to all the units turned to coins so far?

Maybe na to use the coins pelt them on the streets whenever they're passing.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by abbeyty(m): 10:21pm On May 23, 2017
the same way the killed our N1 note
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Yksoul(m): 10:22pm On May 23, 2017
SENATORS CAN NEVER SPEND COINS WHY BRINGING THE IDEA TO THE HOUSE'S FLOOR?
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by PTNL: 10:22pm On May 23, 2017
What has this senate got to offer to make us happy for once. Another strategy to devalue our denomination the more by killing our lower denominations same way they did the other time. Coins for the poor n paper for the rich. Hmmmmmmm.!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by hoodmenconcept(m): 10:24pm On May 23, 2017
Not a bad idea but not with 5NAira upwayrd but with lower currency such as 50k, 1Naira and 2Naira
It can reduce the cost of printing paper money.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Vince77(m): 10:25pm On May 23, 2017
They shouldn't just try it. Who likes to carry coins?

Price of commodities will increase.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by femolii: 10:27pm On May 23, 2017
They are mad people.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by osazsky(m): 10:30pm On May 23, 2017
Do u know how much nig spent in converting d paper note to polythene not. Na lie we nor go gree o we nor go gree. They should leave d celophine we prefer it. Only say once e tear everybody go begin reject am. Bring back o chikobo girls back
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 10:36pm On May 23, 2017
What is wrong with these people?
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by oyolajuwon(m): 10:38pm On May 23, 2017
if dey ve to bring back coins den they should introduce, 50 kobo nd 1naira coins.changing d least of our present currency to coins further devalues our money.immediately they r changed we stop spending dem.Nigerians say No to ds Notion,ds senate notion is a selfish one.let's kick against it.God bless Nigeria.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Sogold: 10:49pm On May 23, 2017
What is your expectation from Daura sin-ator?
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 10:49pm On May 23, 2017
they dont even carry the people along before making stupid laws
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by bonifieldstun(m): 10:54pm On May 23, 2017
SAY NO TO WEED
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by bonna4u(m): 11:20pm On May 23, 2017
Yeye dey smell!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by str8talk1: 11:40pm On May 23, 2017
I am surprised....what do you expect from a group of pple with no sound knowledge of issues or having any cerebral quotient to start talking like sane minds.
Rather than convert the lower money to coins, 50kobo, N1 notes shld be printed while #1000 notes shld be withdrawn from circulation and discontinued the usage.

1 Like

Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by ohiku4every1(m): 11:41pm On May 23, 2017
E no go better for whoever raised that nonsense motion..

Death await who ever has a plan to make life more difficult to the commoners

I hate then, they re all the same
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by EmpireSolid: 11:42pm On May 23, 2017
So coins will nw comHAN b dancing in my pocket shey??
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 11:48pm On May 23, 2017
sbashir10:
prof Charles soludo has proposed this before, but his idea was rejected.... SMH
Same set rogues of senators did same to Prof Charles Soludo regime
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by John902(m): 12:00am On May 24, 2017
AlphaStyles:
lol who dy use coins for naija grin but come to think of it that coins good for stoning people oo
now assume people got you crack down and you got this money ,you start to stoning people... you just ruined your life again!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Larrykaysail(m): 12:12am On May 24, 2017
funstufz:
Why not re-introduce the good old coins back instead of converting 'lower' currencies into coins.
Americans still spend 'one cent' a hundred of which make '$1'.
there is $2 note too, and all coins in accepted , Nigeria leaders has problem,
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 12:52am On May 24, 2017
madridguy:
Mr. Bukar must be high on expired Jamaica vegetable. Embezzlement is really affecting his sense of reasoning. His not suggesting how to make our economy stronger so with 50 kobo we can be getting things like biscuits, sachet water and so on and all he could think of is to phase off #5 #10 #20 and #50

Bunch of rogues.
is there anything the government will do to ever satisfy you!!

Our please go enter the seat let se what you will achieve

Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 12:56am On May 24, 2017
Useless senators.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 12:57am On May 24, 2017
CHESTER48:
is there anything the government will do to ever satisfy you!!

Our please go enter the seat let se what you will achieve

They are only interested in themselves.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by PDPGuy: 4:11am On May 24, 2017
A better idea would be to phase out the N1,000 note, and make the N500 bill the highest denomination in order to encourage more cashless transactions.
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by riddo2(m): 4:43am On May 24, 2017
lie, not Suludo. It was Sanusi. Suludo wanted N1000 to be N10 and those N1, 50k to be note again. Ghana did it and succeeded.[/quote]
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by 999west: 5:46am On May 24, 2017
This Senator has no job
I cannot believe his argument
Coin or note
The most important thing is to have transaction done
Coins are heavy
I think in this era
No body can carry such weight around in the name of money including the Senator
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by kelvincc: 5:53am On May 24, 2017
With this kind of development, #100 will soon be used as #10 because inflation will keep going as people pursue the paper money. The lower paper money denominations therefore will fizzle out again just like 1kobo, 10kobo, 50kobo and #1

1 Like

Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by donpapa(m): 6:02am On May 24, 2017
If that would make 1$ equal 1naira no qualms! If otherwise, that policy is DOD (Dead on arrival)!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 6:18am On May 24, 2017
This d.amn country is over-polluted with rogues/kleptos masquerading as leaders!....
I dislike khaki boys but i DON'T MIND them now!
Re: Senate Wants CBN To Convert Lower Naira Notes Into Coins by Nobody: 6:22am On May 24, 2017
Conglomeration of insatiable THIEVES!...this dirty jungle sure needs khaki cleansing!

(1) (2) (3) (4) (Reply)

If You Earn 2.5m Everymonth How Do You Invest? / Arthur Eze's Oranto Petroleum Signs Oil Deal In Venezuela / BUA: No Increase In The Price Of Our Cement

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.