Okorafor speaking from both side of the mouth, initially he said that the smaller denomination are not scarce, and at the same time they decided to make it scarce to avoid abusing the naira, we re watching

leofab:
So after all the honey moon stunt; the billionaire's son can't even come and confirm to Nigerians if Zara is still a virgin or not after all the support we accrued to them... it's none of my business though!

They would have sampled her when she was in UK.

Cbn Failed To Print New Notes In The Last 3yrs! Do You See Atms Dispensin 100-200 Notes?

Clone2020:
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 415/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my contact below.

So that you can go to Sabo and sell same for N480/$. Uhmmm...the thunder wey go faya your mouth ehn...

Dindondin:

Are you normal?
Are you well?
O ya were ni?
Won te were m'eba fun e ni?
O n siwin ni?
O fe si ere ni?
Ori e buru ni?
Won s'epe fun e ni?

[b]Last Bullet[\b]
If you don't v answers to these questions, may you lack N50, N20 & N10 change in 2017.

Sorry
I haven't seen naira or touched naira in about 5 years now

Afonja

but I said so last week

BraniacX

Buhari e buharigo Nigeria ooo.

RichYoungNigger:

Wow
I hope it gets worse

shege

This country is being runned by cows

Hmn ! NIGERIA IS A FOOLS PARADISE !

EVEN A FOOLS PARADISE IS BETTER THAN NIGERIA ! !

MY BRODAS ,IF U SEE THE HARDSHIP , INFLATION, AND COMMOTION THIS SCARCITY OF SMALL NOTES HAVE CAUSED NIGERIANS E E ! !

SOMETIMES U ARE STRANDED AT A BUSTOP WITH UR HIGH NOTE , NO CAB WANTS TO CARRY U DUE TO LACK OF CHANGE, SOMETIMES U WILL HAVE TO FIGHT OVER UR CHANGE, WHEN IT IS WITHELD, SOMETIMES U LOOSE UR CHANGE BY 4GETING IT TO OTHERS ,

AND LOOK AT D REASON SOMEONE GAVE FOR MAKING THE TIN SCARCE

ABEG I DON TIRE JOOR ! !

kaeforum:
Cbn Failed To Print New Notes In The Last 3yrs!
Do You See Atms Dispensin 100-200 Notes?

I think datz up to the banks tho, ATMs in Nigeria only dispense either 500 or 1000 notes and not both. so imagine if an ATM is loaded with #100 or #200 only. the rate the ATM's will be emptied would be fast as pple withdraw large sums.

leofab:
So after all the honey moon stunt; the billionaire's son can't even come and confirm to Nigerians if Zara is still a virgin or not after all the support we accrued to them... it's none of my business though!

Baby, are you a virgin?

mtprofessor5:
(Inside my head)
Since there is corruption is all parastastal own by the government.......
There is corruption in Nigerian Security Printing and Minting Plc.

So how far the guys that prints and steals 1000naira notes

Oh Lord just 3 month internship is all I pray

At the close of work at the NSPM Plc, you have to be frisked at multiple stages. Also at a stage you strip, bend over show your anus and you are told to cough, just to see if you have hidden stuff in your snap cavity.

Many friends resigned because of this dehumanizing treatment. Especially my Muslim friends.


As for people attacking the CBN spokes person, you don't know what it is like working for the Nigerian Government. Those who have suffered real atrocities in Nigeria-Those who were killed/murdered innocently in Kaduna South have not gotten justice, IS IT THE PERSON THAT WAS MERELY SACKED FROM CBN FOR SOMETHING AS GRAVE AS SAYING THE TRUTH TO NIGERIANS that will? I ask you.

That guy has to protect his job.

Alajiki:


So that you can go to Sabo and sell same for N480/$. Uhmmm...the thunder wey go faya your mouth ehn...

Oga, why the attack on him? Would you rather exchange at the rate of 350 naira through Western union?

i wir rather use bitcoins

Clone2020:
If you are in the US or have relatives in the US trying to send money to naija, I will exchange the funds at 415/$, simply deposit into my US bank account and receive instant funding into your Nigerian account. Don't bother with western Union and co, they exchange at 375/$ with fees and the exchange rate drops to around 345/$.

See my contact below.

my picker and his wife ran away with my 1.5m on thursday
ever since they have blocked me from viber
yahoo messenger
fb
if i call.its now permanently on voice mail.
im very sad now cause was suppose to collect my westee today

never trust white men.
esp offshore.
they are thieves
nee year na aous tins.

i wud go more ruthless in the nee year

shout out to all

NSPM printed N200, N50,N20 & N5 notes this December, but the N200 was printed in large quantity.
It's only N100 note that wasn't printed due to the high security features embedded in it and the cost of printing the note is far higher than printing N1000.

CBN Have Crash.

this is how they will chasing MMM up and down they will not do their work

RichYoungNigger:


Wow

I hope it gets worse

Enemy of Nigeria, it will be worse for your Family...

I totally disagree with this writeup. I withdrew #50,000 on 22nd of this month and was paid #20,000 in #500 denominations and #30,000 in #100 denominations. the most annoying part of it was that most of the #100 were really terrible and worn out.

People who withdrew in GTB in port Harcourt can attest

Another ploy by the diabolic nomad to further PAUPERISE the common man amidst his imposed recession!
Such a bloodthirsty demon!

Chukwu94:
The Central Bank of Nigeria has not printed small naira denominations for about a year now, causing the scarcity of the notes in the economy, the News Agency of Nigeria reports.
Sources at the CBN hinted that for a year now, the apex bank had not awarded contracts for the printing of the notes such as N5, N10, N20 and N50, which was usually done abroad.
NAN gathered that the recently printed notes in circulation, N200, N500 and N1,000, were produced by the Nigerian Security Printing and Minting Plc.
The NSPM produces currency notes and coins for the CBN and a wide range of security documents for the federal, state and local government establishments, commercial banks and blue chip companies.
According to the NSPM website, the company has the ability to print over 40 million notes weekly.
However, the sources said the high cost of printing banknotes was the reason the apex bank did not give out contracts for their production.
“The cost of printing N50 is almost the same as N1,000. Printing small denominations costs more than the value, and with the present economic situation, it makes sense to print higher notes, which can be done locally by the NSPM,” one of the sources explained.
A worker at First Bank of Nigeria Limited told NAN that throughout the festive season, there were hardly smaller currency notes to give to customers.
The worker, who spoke on the condition of anonymity, said, “We usually request for cash from the CBN through our Cash Management Centre, but recently, we have not been able to get mints of N100 and below.
“We had N50 at one point but it wasn’t in the quantity we are used to getting. We have been telling our customers who call to request for mints that the smallest currencies they can get is N200.”
A political economist, Mr. Jude Ndukwe, said the implication of the situation was that prices of goods were likely to increase since there were no smaller currencies in circulation.
He said, “A bread seller is likely to increase the cost of bread from N350 to N400 simply because he does not want to deal with the difficult task of getting change.
“The same goes for a bus conductor and so forth. This act alone is enough to add to the hardship of the average Nigerians; N10 or N50 may not mean anything to some, but it means a whole lot to millions of Nigerians living in poverty. So the government should do something about this.”
But the Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, denied the allegation that the apex bank had not contracted the printing of smaller denomination currencies since 2015.
He stated, “There is no scarcity of smaller denomination notes in the market. People are complaining because we did not make provision for mints to be supplied in smaller denominations during the festive season.
“You see, people are fond of abusing these denominations by spraying them to be stepped on during weddings and other ceremonies. The abuse is even worse during the festive season; so, we decided to make scarce the denominations. But it’s not that we have not been printing them.
“Yes, we haven’t printed abroad but we also print locally, which we have been doing.”
When asked the last time Nigeria actually had the smaller denominations printed, Okoroafor promised to get the details.
He reiterated that it was a crime to hawk or sell mint notes in the country, saying there was an enforcement committee comprising the CBN and the security agencies to check the menace and arrest culprits.
Okorafor said that the CBN was collaborating with the police to ensure that Nigerian currencies were not abused.
Copyright PUNCH.

http://punchng.com/cbn-fails-print-small-naira-notes-one-year/

. Spraying money n stepping on them should not be a determining factor as regards printing lower notes.

Alajiki:


So that you can go to Sabo and sell same for N480/$. Uhmmm...the thunder wey go faya your mouth ehn...

You are foolish goat for this statement. First of all I'm not in Nigeria, 2nd of all if you don't like the rate or whatever, keep your comments to yourself, mumu.

Smarte724:
Isaac okorafor was asked when last did CBN print less denomination, he promise to get the detail first , Nigeria is really cursed , I agree that we re in a zoo

you mean Somalia?

TomTom sef Na #10. Very soon, e go reach #100

Clone2020:


You are foolish goat for this statement. First of all I'm not in Nigeria, 2nd of all if you don't like the rate or whatever, keep your comments to yourself, mumu.

Tell me it will not end at Sabo. Isn't that what you guys do? ROUND TRIPPING! The fact that you're not in Nigeria doesnt change anything. Its what I know very well about. Na you be the super mumu here. Federal mugu.

[quote author=Alajiki post=52450456]

Tell me it will not end at Sabo. Isn't that what you guys do? ROUND TRIPPING! The fact that you're not in Nigeria doesnt change anything. Its what I know very well about. Na you be the super mumu here. Federal mugu.[/quote

You are a demented goat for sure and you keep validating my point each time you respond, but I've got your time. Foolish boy, why haven't you asked yourself this question, if it is as easy as you say it is, why would anyone take a huge cut by patronizing western union and others? Do you see how re.tarded your argument is now? How will it end up in Sabo from a bank in the US? Or haven't you heard that banks don't give you US dollars cash anymore even when its transfered to a dorm account from abroad? Rather they will ask you to go to another branch and you will be running like a chicken with no head searching for a bank with actual US dollars cash. Obviously you don't know anything and feel you must embarrass yourself online in hopes of likes. You are a confirmed mumu.