omicron: You didnt have to quote all the whole page just to shake your head. Abi you dey learn?

i knw knw o..

Castroii: The Central Bank of Nigeria has disclosed it would take delivery of new naira notes before the end of September.  Deputy Governor, Operations, Dr Tunde Lemo, who revealed this in Abuja, stated that the public would get a large quantity of the new notes to replace the old and mutilated notes.

The apex bank had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and N50) would be reprinted on paper.
“We are going to take delivery of the new notes from this month of August. We will take delivery of the new notes before the end of September. The public will get a large quantity of the new notes to replace the old and mutilated notes, particularly the higher denomination notes in the first instance, then later the lower denominations,’’ he said.

On the scarcity of the lower denomination notes, Lemo blamed commercial banks for what he called “poor circulation’’.
“For the lower denomination; well, I think the banks are really the ones that are really not allowing the lower denomination in circulation, largely, because of the carrying value.
“Most people don’t require small denomination. But for buying things in the market, if you look at the veracity, you find out that the N50 circulate more than the smaller ones,’’ he said.
Lemo has urged law enforcement agencies to arrest all illegal hawkers of new naira notes.
He also called on commercial banks to keep watchful eyes on their staff to avoid being used as conduit for illegal transfer of new notes to unauthorised hands.
Lemo said this should be done to ensure effective protection of the currency from abuse.

Meanwhile, CBN Director of Communications, Ugo Okoroafor, while explaining the situation recently, acknowledged the shortage of the lower denominations in the system but said the situation has improved.

This is as banking industry sources insist that the scarcity of lower denominations may not be unconnected with the government’s suspension of the introduction of N5,000 note, which would have also ensured that lower denominations are minted to replace old ones.

“We (CBN) do not want to talk so that it would not be like we are forcing the Federal Government to reverse the suspension. But the scarcity cannot be far from the suspension of the N5,000 note proposal last year,” he said.

Beside their non-availability, six years after their introduction by the CBN, the public has almost lost interest in monetary transactions involving the exchange of N5, N10, N20, and N50 polymer notes.

http://sunnewsonline.com/new/business/new-naira-notes-ready-september-ending-cbn/

 

Castroii: The Central Bank of Nigeria has disclosed it would take delivery of new naira notes before the end of September.  Deputy Governor, Operations, Dr Tunde Lemo, who revealed this in Abuja, stated that the public would get a large quantity of the new notes to replace the old and mutilated notes.

The apex bank had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and N50) would be reprinted on paper.
“We are going to take delivery of the new notes from this month of August. We will take delivery of the new notes before the end of September. The public will get a large quantity of the new notes to replace the old and mutilated notes, particularly the higher denomination notes in the first instance, then later the lower denominations,’’ he said.

On the scarcity of the lower denomination notes, Lemo blamed commercial banks for what he called “poor circulation’’.
“For the lower denomination; well, I think the banks are really the ones that are really not allowing the lower denomination in circulation, largely, because of the carrying value.
“Most people don’t require small denomination. But for buying things in the market, if you look at the veracity, you find out that the N50 circulate more than the smaller ones,’’ he said.
Lemo has urged law enforcement agencies to arrest all illegal hawkers of new naira notes.
He also called on commercial banks to keep watchful eyes on their staff to avoid being used as conduit for illegal transfer of new notes to unauthorised hands.
Lemo said this should be done to ensure effective protection of the currency from abuse.

Meanwhile, CBN Director of Communications, Ugo Okoroafor, while explaining the situation recently, acknowledged the shortage of the lower denominations in the system but said the situation has improved.

This is as banking industry sources insist that the scarcity of lower denominations may not be unconnected with the government’s suspension of the introduction of N5,000 note, which would have also ensured that lower denominations are minted to replace old ones.

“We (CBN) do not want to talk so that it would not be like we are forcing the Federal Government to reverse the suspension. But the scarcity cannot be far from the suspension of the N5,000 note proposal last year,” he said.

Beside their non-availability, six years after their introduction by the CBN, the public has almost lost interest in monetary transactions involving the exchange of N5, N10, N20, and N50 polymer notes.

http://sunnewsonline.com/new/business/new-naira-notes-ready-september-ending-cbn/

 

I dnt just undstnd what is wrong wt Nigerian System and CBN policy. Resorting 2 print d naira on paper isn't d major problem of this Nation.

Another high-diot! My mum told me dat if i had notin good to say, i shouldn't bother opening ma mouth.... #shut the fvck up!

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

Na wetin dey happen for mi country? New ID, New international passport(very soon), New number plate, New driver's licence, New this, new that...but people still remain old. Why dem no introduce new tight laws on corruption? Why we no get new electricity? Why we no get new and good educational system? Why we no get new social amenities for all people in 9ja? Why no new govt policies to taku mismanagement of govt monies? Where dem keep our hard earn pension money of our retired parent, grand parent? Na to introduce new printing of money dey sweet dem to dey talk about cos na 1 easy way to take chop us. Now d new printing of our money is not accountable. Very soon dem go say dem won build new Aso rock cos d one now no meet european standard or d design no b der taste. Na wen all dis papa deceive pikin go stop. Me i no see anytin new, d only tin wey new na d new pattern of corruption wey we dey see everyday. That's just my opinion.

d project of polymer notes production failed right from the onset...i have failed to come to terms while the whole of CBN will not checkmate the viability of a project before embarking on it...

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

have u taken ur medications?? If no,try and do before it will be too late. Learner!

aieromon: New national I.D cards
New vehicle number plates
New drivers licence
New naira notes. . . .

Are we really moving backward or forward?

Very soon New Nigeria self go come out, because he be like say China wan buy Nigeria as i dey see am so.

aieromon: New national I.D cards
New vehicle number plates
New drivers licence
New naira notes. . . .

Are we really moving backward or forward?

. Abi oo

eddiebruk:


Very soon New Nigeria self go come out, because he be like say China wan buy Nigeria as i dey see am so.

Phikom: d project of polymer notes production failed right from the onset...i have failed to come to terms while the whole of CBN will not checkmate the viability of a project before embarking on it...

Osadhody:

Bros did you have to quote the post just to seal your lips

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

Ostensibly, enabling Arabic-like writings on all Naira notes is the main objective for new Naira notes now.

Perhaps when another non-Muslim CBN governor takes over, he/she shall print his/her own version of Naira notes without Arabic-like writings on the currency.

An undecided country, oil money de plenty to waste.

By the way, how many Nigerians understand that Arabic-like inscriptions on the Naira?

Baybe: Bros did you have to quote the post just to seal your lips

no not that am just short of words,cos this nigeria has now turn to something else

ok i appresiate d nw naira wel wel.

A bunch of clueless learners wasting tym and resources

hope they put dia heads together and produce qualitu one this time.

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

MKO is it somebody's name or name of a dog

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

I never knew there is still a fool in nairaland.

Gud ooo, dat nylon don tire me.

Is like we don't know our problem in this country. Is it every time that CBN governor must change naira note? Why is Sanusi wasting our money by introducing new naira note all the time?

Polymer or paper. Alright, Nigerians are waiting oh!

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

..... ur more an animal dan a human.... who ar u 2 mention dat name(Zik)? who's ur father?.. fool

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

..... ur more an animal dan a human.... who ar u 2 mention dat name(Zik)? who's ur father?.. fool

T-smooth:
Make dem remove Nnamdi Azikwe frm dat money abeg, make dem replace am wit M.K.O.

..... ur more an animal dan a human.... who ar u 2 mention dat name(Zik)? who's ur father?.. fool

Dont know about y'all but i prefer the notes...

We are not here to hurl abusive words at each other but to say the truth to each other.i know this is not what we need now in this country for it to progress

Lyk it or not Arabic inscriptions will and shall ever remain on the Naira till ur forth generation. I hope They Bold it or do some enlarging on the inscriptions cos they are too small. Useless Islamic Haters, long live Islam & Our Arabic inscriptions

Wetin dey even dey happen to this country self?

omicron: You didnt have to quote all the whole page just to shake your head. Abi you dey learn?

That's how he wants it, and as such I don't believe his opinion should not be respected because of his attitude.

WHO IS DAT YORUBA BIG FOOL.DAT FORGET D.FIRST.BEST.AND EVER. SAILOR.GREAT ZIK.TO CAPTAIN D NIGERIAN SHIP BUILT.BY THE BRITSH.SAILOR..SINCE THEN WHAT HAD OTHER ACHIVE.NO LITE.HIGH FUEL.BAD GOVT.CURRUPTIO.NOW ANTI CHRIST CURRENCY.WHAT DID ABIOLA DO FOR D SHIP.LOOT OUR GSM MONEY.ITT.EVEN.HIM YORRUBA BRODA CONDEM HIM AND OBASANJO..JUST LIKE HE KNOWS THEY WL RUIN TIS COUNTRY.BAD AND COORRUPT. YORUBAS.D AR D PPL SPOILIN TIS COUNTRY.SINCE DEY HIJACK D SHIP.WAT HAVE DEM DONE MULTIPLE CORRUPTION U WANT DEY HEAD ON NAIRA.USEELESS PPL.NFACT.IT TAKES ANODA ZIK.IGBOMAN TRUST AND TESTED SAIOLOR TO SALVAGE TIS SHIP TO A CALMER ISLABD.PANAMA.FINAL DESTINATION.LAND OF PLENTY.WHEREE NIGERIAN WL BE HV OR BE PAID EVERY MONTH.WETA WORKIN OR NOT.SOCIAL SECURITY.FRM LOUR OIL MONEY.IKE LIBYA.OTHET ARAB COUNTYRIES.U

donMecuzy:
Cool

please let #50 be the highest currency in Nigeria so that all those looters ill not loot our money again thanks and God bless you. long live Nigeria, long live Africa.