Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

By Fakoyejo Olalekan

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations.

According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary to a video circulating on social media app, WhatsApp.

Umar made this known at the three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC), where he was represented by CBN’s Head of Policy Development and Currency Operations, Amina Halidu-Giwa.

Prime Business Africa gathered that shortly after CBN governor, Godwin Emefiele, announced in October that the apex bank would release new naira N200, N500 and N1000 notes, a video showing new N5000 notes surfaced on WhatsApp groups.

This led to claims that the CBN will also release N5000 notes. However, last week, President Muhammadu Buhari unveiled the redesigned N200, N500 and N1000 notes, without the speculated N5000 notes.

Speaking on Umar’s behalf during the event on Tuesday, Halidu-Giwa said the CBN has no knowledge about the N5000 shown in the video, as there’s no plan to increase the number of denominations in circulation.

“We are not introducing any new note because there was noise, some people have seen one N5000 note that we don’t know about.

Like and Share

Comments

RELATIONSHIPS YOU NEED TO QUIT!!!

RELATIONSHIP Is The KEY To MARRIAGE...................... BUT when built on a faulty foundation, things are bound to go wrong in marriage. No matter how long you have been in that RELATIONSHIP, when you noticed this following things, RUN!!!! Let's break it in two categories...... LADIES AND GUYS °°°°°°°°°°°FOR LADIES °°°°°°°°°° (1.) Any man that can INSULT you, your family..... That relationship is not met for you to be, QUIT (2.) Any man that can raise his hand ✋ and hit you, even when he haven't married you yet can also beat and injured you, when you gets married to him,,,,, QUIT (3.) Any man caught RED HANDED cheating, QUIT,,, Cause he is just trying to let you know that even when he marry you,, he is going to have other girl friends outside your home. (4.) Any man that don't have concern for your FUTURE, QUIT (5.) When You discover your guy visits different PASTORS AND SEERS , QUIT cause one day the spirit will also caught up with you. (6.) Run 🏃 from

CONTINUE

Don't Quit your RELATIONSHIP

As I will always say.... ........ RELATIONSHIP is not your mate, in all way it older than your grandparents. When you found your relationship is crumbling, seek advise from a relationship counsellor instead of Quitting. a) As a single brother or sister always go in-toto about your partner you are in relationship with.. Find out everything about him/her to avoid mistakes. Many cry today because they failed to do the necessary but carried away by MR LOVE. b) Most married people failed to know that some little things they over look brings misunderstanding in marriage, Try to understand your husband, know his LIKE and DISLIKE, and to the man too, do same likewise. But some times it seems not necessary to us but keep causing issues. Let not third party intrude in your relationship, it's dangerous Thanks for reading! Blog@ www.building-a-goodrelationship.blogspot.com Like page@ http://fb.com/buildingagoodrelationship Email@ Buildingagoodrelationship Tweet@ bgr102

CONTINUE

HOW TO REDUCE STRESS IN MARRIAGE

Stress in a marriage can create unnecessary conflict. Minor issues turn into major arguments because both parties are simply too stressed to sort through their emotions. If you can reduce the stress in your marriage, you can improve the quality of life for the whole household. Here are some tips to help you do just that. 1 – Openly Discuss Family Finances Financial stress is one of the biggest obstacles in a marriage. Whether you’re in debt or trying to pay monthly bills, you need to be honest with your spouse about the family finances. You can still split certain aspects of your money if you want to have separate saving and spending accounts. When it comes to planning bill payments though, you need to talk about that as a team. Figure out how to keep your bills low and manageable, and then create a plan to pay them on time every month. You will feel better when you know your bills are cared for. 2 – Create a Balance of Responsibilities It doesn’t matter if o

CONTINUE

BUILDING A GOOD RELATIONSHIP {BGR}

Search This Blog