Now Nigeria's National Assembly Rejects New Note
The Senate and the House of Representatives joined forces in asking President Goodluck Jonathan to stop the central bank governor, Lamido Sanusi from going ahead with the restructuring of the Naira and the introduction of N5000 note, describing it as illegal and unconstitutional.
Naira
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Nigeria:
5000 Naira - Reprieve From the Pangs
Vanguard, 22 September 2012
It would appear that we now have a sort of reprieve from the pangs of our anxieties about the imposition of the 5000 naira note on our slender economy, but we can only wait and… Read more »
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Nigeria:
National Assembly Tells CBN to Shelve N5,000 Banknote
This Day, 19 September 2012
The currency restructuring project and proposed introduction of the N5,000 banknote by the Central Bank of Nigeria (CBN) may have run into a hitch Tuesday, as both chambers of the… Read more »
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Nigeria:
National Assembly Buries Hope for N5,000 Note
Vanguard, 19 September 2012
The Senate and the House of Representatives joined forces, yesterday, as they resumed from their two-month recess and asked President Goodluck Jonathan to stop the Central Bank of… Read more »
InFocus
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The announcement by the Central Bank of a new N5000 note has been met with mixed reactions from various quarters with some saying it would aid corruption in the country. Read more »