Tag: coins

Omoleye Omoruyi May 24, 2017

Convert lower naira notes to coins to prevent extinction – Senate urges

The Nigerian Senate has, on Tuesday, asked the Central Bank of Nigeria (CBN) to convert lower naira notes into coins in order to accommodate repetitive transactions in the country. Mustapha…

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September 24, 2013

Opinion: Nigerian Naira coins – Legal tender or national artifacts?

by Chibuike Wogu I once went to a certain commercial bank to deposit coins but I was told by the bank’s teller that they do not accept deposit of coins…

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September 17, 2012

‘By fire, by force’: CBN introduces coins dispensing ATMs

by Akan Ido In what looks like a frantic bid to encourage the use of coins, the Central Bank of Nigeria (CBN) is planning on facilitating the introduction of Automated…

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September 12, 2012

Sanusi defends N5,000 note policy, calls Obasanjo a ‘bad economist’

Sanusi Lamido Sanusi. by Isi Esene The governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, yesterday stood in defence of the apex bank's currency review policy saying…

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September 5, 2012

Noted: FG approves CBN’s N5000 denomination

by Isi Esene The Federal Government has expressed its willingness to the support the Central Bank of Nigeria in the introduction of the contentious N5ooo note. The government's position was…

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