Nigeria: N5000 Note Officially Suspended

Following an outcry from Nigerians,President Goodluck Jonathan has ordered the Central Bank of Nigeria to stop further action on the proposed currency restructuring exercise, including the introduction of the N5,000 banknote.

Photo: Vanguard

Naira

  • Nigeria:  FG Backs Down On Introduction of N5,000 Notes

    Vanguard, 20 September 2012

    Following the outcry from Nigerians over the planned introduction of the N5,000 notes, the federal government has confirmed it is stepping down the introduction of the note by the ... read more »

  • Nigeria:  N5,000 Note - Jonathan, Maku Not On Same Page - Reps

    Leadership, 21 September 2012

    The House of Representatives yesterday lambasted Nigeria's Information Minister, Labaran Maku, for a statements credited to him that the federal government was not bound by the ... read more »

  • Nigeria:  I Ordered Suspension of N5,000 Implementation - Jonathan

    Leadership, 21 September 2012

    President Goodluck Jonathan yesterday confirmed reports in the media that the federal government has resolved to step down the introduction of the N5,000 note by the Central Bank ... read more »

  • Nigeria:  N5,000 Note - Senate Hits Back At Maku

    This Day, 21 September 2012

    President of the Senate, Senator David Mark, Thursday dismissed as inconsequential the statement credited to the Minister of Information, Mr. Labaran Maku, that the National ... read more »

  • Nigeria:  Why FG's Suspending Introduction of N5,000 Note, By Abati

    This Day, 20 September 2012

    The suspension of the introduction of the N5,000 by the federal government has now been confirmed. read more »

  • Nigeria:  PHCCIMA Commends NASS for Rejecting the N5,000 Note Proposal

    Leadership, 20 September 2012

    The Port Harcourt Chamber of Commerce, Industries, Mines and Agriculture (PHCCIMA) on Thursday said it supported the position of the National Assembly on the proposed currency ... read more »

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