₦airaland Forum

Billyonaire: Are you saying it does not cost more than 50 Naira to mint a 50 Naira Note ?

What is the difference between a ten naira note and fifty naira that would make the fifty naira more expensive to print than the 10 naira?
They come in the same sizes, the same weight, the same materials are used for minting them, or is there something special in the fifty naira note?

iykc2012: I remember when i was in Tanzania i changed $100.00 US current and i was given 147,000.00 Tanzania shillings, o boy i rejoiced thinking i could bougth a car. Immediately i went out 2buy Banana of N200 and i waz told 2,000.00 Tanzania shillings i left there 2recharge my phone of 1,500 and i waz told 10,500.00 then i realized it waz bcus of there 10,000.00 Shillings NOTE and 5,000.00 NOTE of Tanzania. Friends the whole 147,000 Shillings given to me waz collected back just like that. Fellow Nigerians pls let's stand and say no to this Policy bcus is going 2 rubbish our Currency.

This will definitely happen if the 5000naira is introduced. The perception of the masses/business and the economy in total will change in no time to reflect the new reality. No wonder you can hardly buy anything for five naira these days.

I'm yet to see reasons why Sanusi was made the CBN governor till today.

How many naira notes are we going to have?
5, 10, 20, 50, 100, 200, 500, 1000 and now 5000! That is 9 denominations of the naira!

Billyonaire: CBN spends more than 10 Naira to mint a single 10 Naira note.
CBN spends more than 20 Naira to mint a single 20 Naira note.

So by introducing N5000 there will be massive savings for Nigeria. I am totally in support of introduction of N5000 but against conversion of lower denominations to coins.

Blacksmiths convert our coins to fashion items and sell at exorbitant prices. 1 Naira coin could be smelted into 2,000 Naira ear-ring. This makes coins endangered.

I'm trying to understand the logic behind your statement. OK let me see if I can break it down:

The CBN spends 10 naira to mint a 10 naira note and twenty to minty naira note (I guess they also spend fifty naira to mint a fifty naira note too) notwithstanding that the polymer notes(5, 10, 20 and 50) all come in the same shape and sizes.
So, why would the cost of printing a 10 naira note be 10 naira(or more than), but the cost of printing the same note (in 20 naira) is more expensive?

And how is the CBN saving more money by printing 5000 naira note?

sheyma: Na wa 4 all d men wey dey support dis motion o, men are now becoming women and women r becoming men.very soon men go leave dere surname and bear d woman papa name jst in d name of God knw what. Smh men r nw becoming weak.

That's the way it is these days, women becoming men and vice versa. The world is definitely coming to an end.

Lol @ a girl saying her daughters won't marry a Nigerian man. Like your daughters are made of gold or what? I hope you don't have sons in the future anyway, I doubt they'll cope with the misandry.

This portrays the level of insanity that runs in the Nigerian social culture. A man who brought the countries economy to its knees is being celebrated.

Boring. A special thread for bomb blast reports should be created, the thing don too much.

Creamychic: Really?? You've got to be kidding.

I'm serious, if you look like her. . .

Just only four people?

But this stephanie henshaw is so beautiful. My Gawd, if I marry a woman like this, why will I complain?

But Jezebel was a good wife anyway. She was a bad woman, but a good wife.

Is Magnus Abe aware of this?

Is thal all? The journalist failed to dig deep and provide details of the suit. I can't make any judgement on scanty information.

But due to their huge population, the positives tend to eclipse the negatives. Hundreds of millions of indians are poor to the teeth, same with china. There are about 200 million homeless people in china. But they don't broadcast this, they only show the positive side of their countries, something Nigerians wouldn't like to do.

They face the same problems Nigerians face:
Multi ethnicity, multi religious, huge population, horizontal corruption

Kobojunkie: This is not the first organization that has done that.

How many others do you know?

Now this is funny.

I think you really need to understand how government MDAs operate before you begin to castigate the woman unfairly.
There's a federal bureau called the bureau of public procurement. They vett and ratify contracts before payments are made( based on their judgement and certifiaction).
The other issues you raised like the CBN/bank lending case does not concern Mrs Iweala.
If salaries are not being paid, the blame does not ultimately go to the finance minister, rather to the minister of said ministry. He is in charge of the ministry and the finance minister and should be the one to tell you why salaries are not been paid.

Okonjo Iweala has done nothing wrong to deserve all these insults, she is a good woman who cares about the welfare of the citizens. Peddling cheap lies to taint her image is evil.

What is good for the goose, is good for the gander.

The punishment to be meted out to the offenders are too cruel. Also, LASTMA officials will use this law to exploit road users, both the innocent and the guilty.
I also believe the government should ensure that all lagosians are fully aware of this before it is passed to avoid cases of ignorance.

Idle commissioners. As long as it is not a federal government initiative or project, then it is nothing but a pipe dream.

Women just like to dey show demselves unnecessarily. Whats the essence of this anyway?

foyeks2001: kindly visit Ekiti State...Enough Professors

Backyard profs abi?

Seriously, I'll like to know. I posted a mediafire download link on my thread the other day and I was instantly banned. Am I spamming if I'm posting mediafire links?

ZUBY77: Good job spyder. I was at Enugu on friday until monday morning. I took some pictures as well especially pics from Zoo Estate. I particularly love the names of the streets there.. Lion avenue, girrafe close, penguin street.. I love that place. I will send u the pics to upload if you want. I will also be in Enugu on 16th July... I will give you a call. Maybe we can flex a little... 8hours and the pammy group hehhehheherr

J12:

aids is real o

Creating accounts. . .

Where's that nigga davidylan getting his votes from? Damn! He should be below sexkillz for fúcks sake!
I am so rigging this!

2buff
https://www.nairaland.com/2buff

Tasha still below 100? I go break pesin head o!!

VOTE TASHA NOW!!