N5000 Note is illegal – Lawmakers Tell Sanusi
The members of the National Assembly, upon resumption yesterday, called the Central Bank governor to order over plans to review the National currency without their input. Citing Section 4(1 and 2) of the 1999 Constitution and Section 8(2)...
- Posted 247 days ago
National Assembly Resumes Today as N5000 Note, Other Pressing Issues on Agenda
The world’s highest paid lawmakers are set to reconvene sitting today, after two long months of recess. The issues on hand in Nigeria are myriad and touch every area of national life. Topping the list on the...
- Posted 248 days ago
Obasanjo is a good farmer and bad economist – Mallam Lamido Sanusi
The Central Bank Governor, Mallam Lamido Sanusi, has taken off the gloves in his response to Obasanjo’s criticisms of the planned introduction of the N5,000 note. The CBN governor said he could not be sure that Obasanjo...
- Posted 254 days ago
CBN Moves to Appease Nigerians on N5000 Note, Says Can Reject Note at Banks
The Central Bank of Nigeria (CBN) has reviewed its tactics and has begun soft-pedaling on the issue of the N5000 note. Speaking to journalists about the brash way the news of the policy was unfolded to Nigerians,...
- Posted 256 days ago
N5,000 Note: Sanusi Proposes and Jonathan Approves – Minister
The Minister of National Planning, Shamsudeen Usman, has said that the Federal Government does not need the approval of the lawmakers to implement the currency restructuring exercise, at the center of which is the scandalous N5,000 note....
- Posted 261 days ago
Senate May Approve N5,000 Note Project
The Nigerian senate may go ahead to approve the Central Bank’s plan to introduce the N5,000 note as well as phase out some smaller denominations into coins. The indication was given by Senator Eyinnaya Abaribe (PDP, Abia South) via...
- Posted 266 days ago
Labour, Opposition Condemn Sanusi’s N5,000 Note Project
Knocks for Sanusi’s intent to introduce the N5,000 note have come from several different corners including the National Labour Congress, Trade Union Congress and Action Congress of Nigeria amongst other parties. In a statement released by the...
- Posted 270 days ago