Bankers Committee backs super N5000 note

Nigeria’s Bankers Committee on Tuesday endorsed the introduction of N5,000 note by the Central Bank of Nigeria (CBN), saying “it will reduce the cost of doing business’’.
Mr Phillip Oduoza, Managing Director of the United Bank for Africa (UBA) made this known while briefing newsmen on the outcome of the committee’s meeting in Abuja.
“Logically, the N5,000 notes will reduce cost of doing business and the total amount spent in printing the currency is going to reduce by 10 times. The cost of printing a currency still remain the same, whether you are printing N50 note or N5,000 note.
“So, if we print N5,000 note and print one million of it and do the same with N100, you find out that you have less physical currency as far as the N5,000 is concerned. Therefore, the cost will reduce when you are printing a bigger denomination,’’ he said.
What do you have to say about the #5,000 note?

12 comments

  1. Anonymous

    Hello there! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my blog to rank for some targeted keywords but I’m not
    seeing very good results. If you know of any please share.
    Thanks!
    My homepage :: Hus i Antalya

  2. Anonymous

    You are so cool! I do not believe I have read something like this before.
    So great to discover another person with a few original thoughts on this subject matter.
    Seriously.. thanks for starting this up. This website is something that
    is required on the web, someone with some originality!
    Feel free to surf my blog post propertyinturkeyforsale.net

  3. Anonymous

    Its such as you read my thoughts! You appear to
    know so much approximately this, like you wrote the guide in it or something.

    I believe that you could do with some % to drive the message home a bit, however instead of that, this is excellent blog. A fantastic read. I’ll definitely be back.
    My page: Asunto Alanyasta

  4. Anonymous

    I almost never write comments, but i did some searching and
    wound up here “Bankers Committee backs super N5000 note”. And I do have a couple
    of questions for you if it’s allright. Could it be just me or does it look like a few of these remarks come across as if they are left by brain dead folks? 😛 And, if you are posting at other social sites, I’d
    like to keep up with anything new you have to post.
    Would you list of all of your communal sites like your twitter feed, Facebook page or linkedin profile?
    Feel free to surf my weblog :: diablo 3 guide

  5. Anonymous

    We stumbled over here by a different website and thought
    I might as well check things out. I like what I
    see so i am just following you. Look forward to looking into your web page repeatedly.
    Feel free to surf my web-site :: tattoo removal

  6. Anonymous

    Hello! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended
    up losing a few months of hard work due to no backup.
    Do you have any solutions to protect against hackers?
    Feel free to surf my site :: lose man boobs

  7. Anonymous

    Having read this I thought it was rather enlightening. I appreciate you taking
    the time and energy to put this article together.
    I once again find myself spending a lot of time both reading and leaving comments.
    But so what, it was still worth it!
    Here is my web page : x10.mx

  8. Anonymous

    Just desire to say your article is as surprising. The clearness in your post is simply nice and i could assume
    you’re an expert on this subject. Well with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.
    Look into my siteimmobilienalanya.net

Leave a Reply

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