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. […]
Tag: N5
CBN to introduce N5,000 note, reduce N5, N10 and N20 notes to coins
The Central Bank of Nigeria said on Thursday that it would introduce a single N5,000 note and reduce existing N5, N10 and N20 notes to coins by early 2013. CBN Governor, Lamido Sanusi, who made this known at a news conference in Abuja, said the notes and coins were being […]
