Naira notes Archives - Vanguard News

Emefiele emerges AljazirahNigeria Man of the Year

CBN votes N500m for recycling of old Naira notes, others

On October 29, 20196:28 pmIn Business, Newsby Nwafor

Worried by negative impact of disposing of expired naira notes through burning on the environment, the Central Bank of Nigeria, CBN, disclosed yesterday that it has set aside a total sum of N500 million for the recycling of old bank notes and other hazardous electronic materials that constitute environmental hazards.

Customers will continue to return dirtynaira notes to banks after Sept.2 — CBN

On August 31, 20195:41 pmIn Business, Newsby Nwafor

The Central Bank of Nigeria (CBN) on Saturday said that the general public would continue to return mutilated bank notes to their banks after the Sept. 2 deadline.

The inevitable choice between N10,000 note and redenomination

On May 27, 20196:44 amIn Business, Finance, News, Rational Perspectivesby vanguard

NIGERIA’s Currency profile has, notably failed to serve the needs of our people and our economy. Arguably, lower denominations of primary kobo coins and low value notes have been largely rejected because of their extremely negligible purchasing power. Overtime, the Naira Currency has lost significant value, as the highest existing compact denomination of N20 (the popular Muri) in 1977 was equivalent to over $20.

Police discover N22m fake Naira notes in Gombe

On May 18, 20182:15 pmIn Newsby vanguard

The Nigerian Police has discovered 22 million worth of fake Naira notes during a stop and search operation in Gombe.