Special Report

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N5,000 note as  red herring!

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.

Even with local refineries, subsidy will persist – Marketers

Even with local refineries, subsidy will persist – Marketers

Vanguard Conference Hall is the highest interactive editorial platform for public policy enlightenment, advocacy and solution delivery. It offers public office holders, civil society groups, academicians, opinion leaders and corporate chiefs, the arena to debate and exchange ideas for good governance. In this edition, the topic for discussion is entitled: “Fuel subsidy and the ethical deficiencies in public office in Nigeria.”

New notes’ll ruin the economy, kill cashless policy

New notes’ll ruin the economy, kill cashless policy

WHEN the Central Bank of Nigeria CBN wanted to introduce the cash less policy its argument was that less than 10 per cent of the Nigeria population draws on the average that amount of money from the banking system thus placing the burden of cost of cash management on the banks and the CBN. Every entreaty to persuade the CBN out of it failed. The rest is now history.

POLICY ON N5, 000 CURRENCY: Much ado about very little

POLICY ON N5, 000 CURRENCY: Much ado about very little

SANUSI Lamido Sanusi, the Governor of the Central Bank of Nigeria, CBN, belongs to a small league of public officials – including Obasanjo, IBB, Jonathan, and now Okupe – whose pronouncements are guaranteed to provoke controversy.