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
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