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Nairaland Forum / Nairaland / General / Business / Nigeria May Delete 0 From Naira Denominations, Go Back In Time (531 Views)
₦500, ₦1000 Denominations Most Commonly Counterfeited Banknotes- CBN Report / CBN Steps Up Distribution Of Lower Denominations / Scarcity Of Lower Denominations In The Economy, How Is It In Your Area? (2) (3) (4)
Nigeria May Delete 0 From Naira Denominations, Go Back In Time by Biodun556(m): 9:04am On Jun 03, 2023 |
Oil subsidy is a cankerworm on Nigerian economy, now that it has been removed and the economy is sailing naturally, the government might see the need to delete a zero from naira denominations to save people from moving about with bulk of currency This was the reason why Obasanjo introduce high denominations but the idea may no longer fashionable to the present administration 10 naira will be 1 N50-----. N5 N100-------N10 N500------N50 N1000 ----++++ N100 If you're receiving 1 million BB naira a month it will change to 100 000 Petrol will now be 55 naira instead of 550 |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by Biodun556(m): 9:04am On Jun 03, 2023 |
B |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by solmusdesigns: 9:08am On Jun 03, 2023 |
Naira Devaluation... Tinubu is vexing. I like his understanding of Micro Economics and Macro Economics |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by ArcFresky(m): 9:19am On Jun 03, 2023 |
Imagine standing up to federal might, ruling Lagos and even unseating a seating governor. Anyone who belittles such person, does so at his/her own peril. Atiku is similar to Tinubu, but he has no precedent, has never achieved anything in his life without Customs/FG influence. Obi is like a child and would be viewed the same way Osibanjo was viewed by Ministers. He sounds capable, but capability is different from ablity. Is he able to influence change? Does he have the requisite connection? Can he stand the tsunami of thieves, lobbyist and oppurtunist? Tinubu has been dealing with this kind of people since NADECO days. Tinubu has the requisite knowlegde (economics), repect, resources and even the expereince in political battles, and always came out winning. I have always argued for Tinubu, not because I think he is the best man for the job, but because he cannot be bullied. I daresay, economically he has started well. Admire the guy, he is a worthy president. 6 Likes 3 Shares |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by richidinho(m): 9:22am On Jun 03, 2023 |
Ask Ghana what happened after they did the same thing 1 Like |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by Ahmed0336(m): 9:34am On Jun 03, 2023 |
richidinho:Is Ghana still on the world map? 1 Like |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by Kobicove(m): 10:09am On Jun 03, 2023 |
The Naira has not depreciated to the level where we need to do a redenomination of the currency! 1 Like |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by localbreed(m): 11:08am On Jun 03, 2023 |
Lol....If you like delete all the zeros, it will not add to the value of naira. In fact, it will add more hardship on the economy as a lot of money will be spent to redesign the notes |
Re: Nigeria May Delete 0 From Naira Denominations, Go Back In Time by bassdow: 11:59am On Jun 03, 2023 |
in a country where 1. we barely produce 30% , but consume over 150% . 2. about 40% of it's citizens are more of waste products, neither useful to themselves, nor their society. 3. it's leaders are not just self-centered but selfish 4. ...add ya own |
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