Connect with us – Proudly Nigerian DIY Motivation & Information Blog


CBN To Introduce N5000, N2000 Notes

nigerian 5000 Naira note

May 13, 2012 – CBN To Introduce N5000, N2000 Notes

In an effort to reduce high volume of cash baggage and security exposure in cash transactions, the Central Bank of Nigeria may be contemplating the introduction of new currency denominations of N2,000 and N5,000.

Central Bank Of Nigeria To Convert N5-N50 To Coins

Additionally, the Central Bank Of Nigeria has also made plans to convert N5, N10, N20 and N50 into coins which are all presently notes.

The policy would make it easier to move large quantities of cash around with little exposure to risk, but financial critics have suggested that it would be a contradiction to the CBN policy to migrate to a cashless economy.

The spokesperson for CBN, Mr Ugochukwu Okorafor, who spoke to LEADERSHIP SUNDAY, however, said he could not confirm that the bank’s governing board was thinking of introducing two new denominations in addition to the existing ones.

Stay in touch with for an update



  1. Professor Ikuyinminu

    August 10, 2012 at 2:44 PM

    The issue of introducing a 5000 naira note will only cause the economy dat is supposed to be escalating to collapse totally.Mallam sanusi,think twice

  2. Awodoye Joy Crown

    August 11, 2012 at 3:10 AM

    Stupidity decision

  3. Anudu Emeka

    August 12, 2012 at 2:36 PM

    I strongly advocate dat d introduction of dis new currency can be as a result of the imagance of one world government,because definitely,dis system will bring a total dilema to the world and nigeria pricisely,the economy will be raised down like the walls of babylon

  4. chinonso

    August 15, 2012 at 10:24 AM

    what’s really going on in this our country,is this the transformation?mallam sanusi y,this is now the new method to embezzle our sufferings,Politicians y a u suffering the poor masses?This is a TABULL 2 THIS COUNTRY.

  5. victor sylvanus enang

    August 20, 2012 at 8:29 AM

    it’s not possible,the governor is wiser than that.It’s always good 4 we to find out the authenticity of any information,b4 we start bad-mouthing our leaders.Who is good in Nigeria,if they put u there,u do the worst.The people leading us today,were d same people that were condemning the military.Nigeria is going through a period of transformation,not by man,but by God.Nigeria is going to be fine.

  6. Isaac

    August 20, 2012 at 8:15 PM

    Conflicting policies. Check out this 1 n d cashless fiasco.

  7. usamah

    August 21, 2012 at 10:15 AM

    no shit

  8. Seun

    August 24, 2012 at 12:02 PM

    It is hard enough coping with a clueless person as the president of this country. But it gets even worse to see that few leaders in key places are exact copy of him. Isn’t it clueless enough to introduce a cashless policy which is yet to have a grip, and contemplating on introducing a higher Naira demonination? #Sigh

  9. Kickers

    September 23, 2012 at 10:42 PM

    you guys wanna spoil this nation but god we always be with us. this is a bad ideal from you mad Leaders… you are doing all this shit to save your own bastard money you have

  10. Theo Itua

    October 22, 2012 at 3:32 PM

    its a wecome development if nigeria were to be another country.

  11. Born 2 lead

    October 25, 2012 at 10:15 AM

    Dis is totally crazy tin dat makes Nigeria go backward as we can see dis is not d next tin our leaders are going crazy dey want to start d tin dat will all people sufer dis is bad opinion

Leave a Reply

Your email address will not be published. Required fields are marked *

More in General



how to relocate to canada from nigeria without ielts

Immigration Tips For Nigerians Interested In Moving To Canada

How To Relocate To Canada From Nigeria Without IELTS: A Comprehensive Guide

By June 6, 2023
how to relocate to canada from nigeria

Immigration Tips For Nigerians Interested In Moving To Canada

Is Relocating To Canada From Nigeria Worth It? Let’s Explore The Pros And Cons

By June 6, 2023
omotola jalade genevieve nnaji fighting role john boyega movie
iya gbonkan dead
iyabo ojo ex husband
cultures scams indians
how to boost your confidence achieve success

Daily Inspirational Thoughts

10 Ways To Boost Your Confidence And Achieve Success

By May 28, 2023
baba wande latest news
african woman crying
pension former nigeria first ladies
akinwunmi ambode
Hilda Mleya pictures
catholic priest kidnapped imo state
plan to stop tinubu inauguration
buhari spends 14 trillion naira security 8 years
John Hocking coat of arm

The Cerebrum

The Wretched Of Earth!

By May 26, 2023
ooni ife should not attend every event
open letter ooni of ife oba adeyeye ogunwusi
nigerian politician dies swearing in
canadian Caregiver Program

Immigration Tips For Nigerians Interested In Moving To Canada

Canadian Caregiver Program: An Option For Nigerian Immigrants With Caregiving Experience

By May 24, 2023
how to apply for super visa parents grandparents canada from nigeria

Immigration Tips For Nigerians Interested In Moving To Canada

How To Apply For A Super Visa To Canada For Parents And Grandparents From Nigeria

By May 24, 2023
How to Apply for a Business Visitor Visa to Canada from Nigeria

Immigration Tips For Nigerians Interested In Moving To Canada

How To Apply For A Business Visitor Visa To Canada From Nigeria: A Step By Step Guide

By May 24, 2023
nigerian politician
where is saint obi now
ooni of ife new queen
armed robbers sentenced to death ekiti
nigerian prisoners uk transferred kirikiri prison
bathroom slips and falls prevention


To Top
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

Our site is sponsored by our advertisers. Please disable your adblocker to access this premium content.