Majority of Nig dnt ve upto 5000,in dere acct. Tell me hw dis tin goin 2work. Or they ve decided 2 divide d country into 2. One 4 d rich anoda 4 d poor

the CBN should rather look into re-denomination of the currencies just like what was done in Ghana and Brazil as the countries have enjoyed a revamped economy with the decision. 5k banknote is tantamount to sparking hyperinflation in Nigeria and the recipient are the poor masses.

We should not keep quiet for sanusi because, his mission is to islamize nigeria.

If we keep quiet 4 sanusi he will islamize nigeria

Michky: 6:48pm On Aug 27 > For the first time, i salute the senate for this order. I hereby move the motion that this cattle rearer be replaced and sent back to his primary contituency (the cattles)with immediate effect. If you're with me say HAI!

HAI the HAI have it. Gbam (senate president hits d hammer on the table) hahaha
was anything wrong with SLS of recent to come up with this plan? God help in this country especially in the hands of opportunist like SLS and co

Does the Senate even have jurisdiction over the CBN in this matter?

Funny country, funny people with funny currency.

am just tryng 2 imagine d number of d new coins denomination dat will end up in goldsmiths and blacksmiths workshop....guess bling bling panda will be on the rise with dis aboki idea

Yaya6: the CBN should rather look into re-denomination of the currencies just like what was done in Ghana and Brazil as the countries have enjoyed a revamped economy with the decision. 5k banknote is tantamount to sparking hyperinflation in Nigeria and the recipient are the poor masses.

I agree with you, that is an alternative, but something must be done to Nigeria currency. If N50 is coins, I challenge who will buy pure water for N100 just because N20 is in coins when manufactures sold to retailers at current price. We need to work on our mentality too as Nigerians, in UK and US highest denominations are not that common in the street. In fact when you bring out $100 dollar bill or 50 pounds, cashiers always take caution before accepting them.

We actually need even N10,000 notes, our paper money should start from N100 if we must keep our current form. I support SLS based on following analysis.

Nigeria Currencies values in majors currencies

Naira USD @ 150 UK pounds @ 250
NGN vs $ vs PDS
5 = 0.03 (3 cent) = 0.02 (2 pence)
10 = 0.06 = 0.04
20 = 0.13 = 0.08
100 = 0.63 = 0.40
200 = 1.25 = 0.80
500 = 3.13 = 2.00
1,000 = 6.25 = 4.00

UK pounds currency in Naira @ 250
PDS vs NGN
5 = 1250
10 = 2500
20 = 5000
50 = 12500

US Dollar currency in Naira @ 160

$ vs NGN
5 = 800
10 = 1600
20 = 3200
50 = 8000
100 = 16000

well it better to supend it .cause it will be bad for the economy

I don't know why Nigeria is so difficult a country to run orderly for our leaders. Displacement of priorities has being the bane of our problems from God knows when. In this period of national insecurity among other national challenges, is re-nomination of our currency the next big thing to tackle? Our so called leaders without the exception of Senate & Sanusi altogether are bunch of clueless idiots. How I wish I could wipe off Nigeria of today & rebuild a sane version afterwards.

Na wa 4 una o, c d senators need there o share. so his is d way dey wil have d breif so is not a new thing wash and c

zeal500: SENATE is simply waiting to collect there own 'national cake' and then like the drivers licence syndrome it wud b 'SLS' carry go wt ur 5k rubbish

I have d believe that the note (#5000) has been minted already. They jst informed us and not to seek for our own opinion. SENATE knws wot's going, they r jst pretending......

lolu84:



I have d believe that the note (#5000) has been minted already. They jst informed us and not to seek for our own opinion. SENATE knws wot's going, they r jst pretending......