Tag: denomination

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EFCC arrests Chinese man with N305,000 in N5 denomination

The Economic and Financial Crimes Commission (EFCC), North West Zonal office, Kano has arrested a Chinese man with N305,000 in N5 denomination. He was arrested at the Mallam Aminu Kano…

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Expect new generation naira notes before June next year – CBN

by Oke Efagene     The Central Bank of Nigeria (CBN) has revealed plans to create a new generation of naira notes before the second quarter of next year, 2014.…

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Les Leba: Guess who is dollarising the economy

by Les Leba A stronger naira will shift market preference from the dollar and reduce the propensity for round tripping. Any patron of Bureau de Change may find that a…

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Hold it!: Senate committee orders suspension of planned N5,000 note

Sanusi Lamido Sanusi by Isi Esene The Senate Committee on Banking, Currency and other Financial Institutions yesterday ordered the Central Bank of Nigeria to halt its planned altering of Nigeria's…

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