By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Monday said the introduction of the N5, 000 denominations into the economy will save Nigeria N7.0 billion Naira Yearly. Ugochukwu Okoroafor, Director, Corporate Communications of the CBN made this affirmation in Lagos Nigeria at a media Parley with Financial […]
Tag: 000 note
N5,000 note won’t trigger inflation – ANAN
The Association of National Accountants of Nigeria has said that the planned introduction of N5,000 note by the Central Bank of Nigeria will not increase the level of inflation in the country. The President of the body, Hajia Maryam Ladi-Ibrahim said this in a statement on Tuesday. She said, “Looking […]
CBN to print N5, 000 note, others with N40bn
The Central Bank of Nigeria will spend N40.3bn to produce its new coins and naira notes, The PUNCH has learnt. 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 production of new coins and notes. […]
