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Nigeria To Mint Currency For Ghana by Belmot(m): 5:30pm On Mar 06, 2015 |
Currency notes of Ghana, Ivory Coast and other countries would soon be printed by the Nigerian Security Printing and Minting (NSPM) Plc, its managing director, Joseph Ugbo, revealed yesterday. He told the House of Representatives committee on banking and currency at the 2015 budget defence that apart from the notes, other security documents of the countries would also be printed by the NSPM. Ugbo said an installation of newly procured state-of-the-art machines for security documents has since commenced. He said the installations are aimed at perfecting final preparation in the build up to the production of the banknotes and other security documents required by the Central Bank of Nigeria (CBN). The managing director said the Lagos and Abuja facilities of the company can produce 1.2 billion and 1.4 billion bank notes while the new facility could print 1.2 billion notes. Chairman of the committee Rep Jones Onyeriri however queried the N200 million earmarked as exit incentives as against the N150 million in 2014 as well as N50 million for the year-end gift by the company. Source: Daily Trust |
Re: Nigeria To Mint Currency For Ghana by Belmot(m): 5:33pm On Mar 06, 2015 |
Belmot:This is really interesting 2 Likes |
Re: Nigeria To Mint Currency For Ghana by Nobody: 5:33pm On Mar 06, 2015 |
Giant of Africa! Jonathan is doing a good work not only in nigeria buh africa as a whole! 4 Likes |
Re: Nigeria To Mint Currency For Ghana by crownprince102: 5:35pm On Mar 06, 2015 |
Will that stop Boko Haram and Turns a dollar to a naira |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 5:37pm On Mar 06, 2015 |
That will effectively place the economy of the whole west africa in the hands of one country-Nigeria. Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like. Anyway,its a good development,it will boost our regional influence and soft power. 1 Like |
Re: Nigeria To Mint Currency For Ghana by wordcat(m): 5:39pm On Mar 06, 2015 |
In case |
Re: Nigeria To Mint Currency For Ghana by lonelydora: 5:42pm On Mar 06, 2015 |
En route FP. What does GEJ wants me to say |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 5:45pm On Mar 06, 2015 |
EVarn:Must you comment? 2 Likes |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 5:55pm On Mar 06, 2015 |
PhockPhockMan:excuse me? I dont understand your point. |
Re: Nigeria To Mint Currency For Ghana by xpac01(m): 6:05pm On Mar 06, 2015 |
Urrm, still searching how this could mean an achievment. |
Re: Nigeria To Mint Currency For Ghana by ochejoseph(m): 6:09pm On Mar 06, 2015 |
God Bless Nigeria |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 6:09pm On Mar 06, 2015 |
EVarn:What do you mean by this careless lines? “That will effectively place the economy of the whole west africa in the hands of one country-Nigeria. Why cant ghana and others mint their own currency?,they are directly putting power in Nigeria's hand,to sanction and dictate their economies as we like.“ |
Re: Nigeria To Mint Currency For Ghana by espn(m): 6:11pm On Mar 06, 2015 |
EVarn:ignore d guy dat quoted u..he hardly makes sense.. |
Re: Nigeria To Mint Currency For Ghana by Belmot(m): 6:13pm On Mar 06, 2015 |
EVarn:Reckless statements like these won't help nigeria..... Stop bragging. 3 Likes |
Re: Nigeria To Mint Currency For Ghana by Nobody: 6:14pm On Mar 06, 2015 |
EVarn: which of the previous almajiri schools thought u this crap that defiles both logic and common sense 5 Likes |
Re: Nigeria To Mint Currency For Ghana by GoddyGH: 6:25pm On Mar 06, 2015 |
Is this an achievement ooh bokogerians! |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 7:06pm On Mar 06, 2015 |
PhockPhockMan:I speak the truth,a country that cannot mint its own currency will always be held for ransom whenever a diplomatic spat ensues. Dont you understand that the sovereignity and stability of a nation depends on its currency?,why do you think CBN is running around searching for ways to bouy our currency?.We must speak the facts whenever its needed,this new development favours us,but it may not favour ghana and others in the future. |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 7:12pm On Mar 06, 2015 |
espn:thanks bro.it is sad that some people lack the intellectual sagacity needed to capture the essence of a honest opinion.They feel that they are right when they havent even thought about the subject matter. |
Re: Nigeria To Mint Currency For Ghana by stevecantrell: 7:12pm On Mar 06, 2015 |
I see overnight Nigerian billionaires emerging in Ghana and Ivory Coast |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 7:16pm On Mar 06, 2015 |
Belmot:how did you conclude that i'm 'recklessly' bragging?,just because i expressed an honest analysis of the situation dosent mean that i'm bragging,i was simply sceptical about ghana's{and others} decision to import minted cedes from nigeria,it may prove dangerous for them in the future. |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 7:19pm On Mar 06, 2015 |
byrron:explain how what i typed defiles logic.do you even know how currency flow and trade influx works? |
Re: Nigeria To Mint Currency For Ghana by Nobody: 7:26pm On Mar 06, 2015 |
EVarn: what economic principles thought u that crap up above? were did you get that from? currency flow and trade influx is not the same thing with that gibberish u put up there sir? 1 Like |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 7:31pm On Mar 06, 2015 |
byrron:*dismissed* |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 7:36pm On Mar 06, 2015 |
EVarn:How can Nigeria hold them ransom for services many other countries are offering? Mind you NSMC is a company that depends on patronage for survival. If the deal is not favouring them, they have right to quit. If not bad leadership that have bedeviled the nation before the coming of Jonathan, Nigeria should be controlling Africa's economy comfortably just the way America is controlling the world economy. 3 Likes |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 7:48pm On Mar 06, 2015 |
espn:I decide to answer you when I realized that almost 100% of the people you're following in your profile are women WOMAN WRAPPER. |
Re: Nigeria To Mint Currency For Ghana by babadee1(m): 7:57pm On Mar 06, 2015 |
EVarn: You're ignorant about the economics of currency. Printing paper notes is not the same thing as issuing currency. For many years Nigeria printed most of its paper notes abroad and those countries didn't control our economy, it was just another contract. 3 Likes |
Re: Nigeria To Mint Currency For Ghana by Nobody: 8:01pm On Mar 06, 2015 |
EVarn: Teacher- No teach me nonsense 1 Like |
Re: Nigeria To Mint Currency For Ghana by EVarn(m): 8:09pm On Mar 06, 2015 |
PhockPhockMan:We are saying the same thing,albeit in different manners.Remember the Mastercard saga?,what happens when a country decides to choke currency supply of another? |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 8:31pm On Mar 06, 2015 |
EVarn:I don't care to know how anybody sees it, I'm blinded with Patriotism, even if it means to cripple the world for Nigeria to stand tall, so be it. 1 Like |
Re: Nigeria To Mint Currency For Ghana by espn(m): 10:13pm On Mar 06, 2015 |
PhockPhockMan:and tell me where it is on NL where u r mandated to follow both sex..@ least it is clearly stated dat u should make meaningful and sensible contribution to threads..all dis u lack.. |
Re: Nigeria To Mint Currency For Ghana by Nobody: 10:21pm On Mar 06, 2015 |
OREMUSSANCTUS: yes thank GEJ but also thank Soludo who initiated this idea during his tenure as CBN boss |
Re: Nigeria To Mint Currency For Ghana by PhockPhockMan: 10:27pm On Mar 06, 2015 |
espn:sensible contribution my foot. Is this a sensible contribution? " ignore d guy dat quoted u..he hardly makes sense.. " |
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