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WANTED URGENTLY: 160 million states

THERE was something for which we kept applauding the military juntas of those days, without the least inkling that they were destroying us softly: We could go to bed one night in State ‘A’ and wake up the following morning to find that we were in State ‘B’ – during the night, a state had been created for us!

N5,000 note as red herring!

THE Central Bank served an advance notice of the introduction of a N5,000 note as well as the redesigning of the existing currency profile; under the proposed arrangement, six of the denominations i.e. N5,000, N1,000, N500, N200, N100, N50 will remain in notes form, while N20, N10, N5, N2, N1 and 50K will circulate as coins.

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