Some members of the Lagos State House of Assembly on Tuesday said the proposed introduction of N5,000 currency by the Central Bank of Nigeria would threaten the country’s security. Mr Mufutau Egberongbe , Action Congress of Nigeria (ACN Apapa I), told the News Agency of Nigeria in Ikeja that the […]
Tag: N5
N5, 000 Note to save Nigeria N7.0 billion Yearly-CBN
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 […]
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 […]
