CBN announces planned introduction of new N5000 note

by Isi Esene The governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has announced the apex bank’s plan to redesign the N50 note and introduce a N5000 denomination. The governor attributed the proposed introduction of the high denomination note to “inflationary pressures”. Sanusi also announced that three denominations – N5, N10, and... Read More