CBN is poised to stop the printing of small denomination naira in polymer notes because they fade quickly. Its Deputy Governor, Tunde Lemo, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Washington on the sideline of the ongoing Spring Meeting of the World Bank and the IMF. “By... Read More
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
Recent Comments