There are strong indications that President Goodluck Jonathan may eventually yield to popular demand by reneging on an earlier endorsement to the proposed Naira restructuring by the Central Bank of Nigeria (CBN). Earlier in the month, CBN had announced a controversial restructuring of the Naira, headlined by the introduction of […]
Tag: N5
N5,000 note will reduce interest rates – Bankers Committee
The Bankers Committee has said that the currency restructuting exercise especially the planned introduction of the N5,000 note will help banks reduce interest rate. This was the position of the committee at the end of its 309th meeting on Tuesday in Abuja. Addressing journalists at the end of the meeting […]
N5,000 bill will complement cash-less policy –CBN
The Central Bank of Nigeria on Monday defended the introduction of the N5,000 note, and argued that the new bill would complement the cash-less policy and reduce the cost of banking operations in the country. The apex bank also said the N5,000 note would put the country ahead of currency […]
