Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,201 members, 7,818,671 topics. Date: Sunday, 05 May 2024 at 09:35 PM |
Nairaland Forum / Nairaland / General / Business / Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! (38981 Views)
Godwin Emefiele: February 10 Deadline On Old Naira Notes Stands / CBN Spends N281bn To Print New Notes In 5 Years / 100 Naira Denomination In Circulation Are Worn Out. Who Else Has Noticed This? (2) (3) (4)
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by ITbomb(m): 12:39pm On Oct 03, 2018 |
As long as there is no Mohammedan scribble on it, the Jihadic government will not print new ones. For them any currency in their conquered territory of Nigeria without Islam is Haram 5 Likes |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Culin(f): 12:41pm On Oct 03, 2018 |
With all the reasons you listed above, why are lesser denominations still being printed? Or is there something I'm missing.. 2 Likes |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Lilimax(f): 12:44pm On Oct 03, 2018 |
theoldpretender:Arabic is not our official language Mr man Why should it be on the naira note ? 7 Likes |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by EjimaQuintana: 12:44pm On Oct 03, 2018 |
This is Nigeria.....if you're found in possession of a clean N100 note by the Police, you will be charged n asked to explain where and how you got it........ I weep for my country |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by saaron(m): 12:44pm On Oct 03, 2018 |
Gboy101:Exactly. 1 Like |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Surds: 12:46pm On Oct 03, 2018 |
This is one of Nigeria's most disturbing problem , No understanding btw the systems, organizations don't know what to do , they don't know when to do things and how to do it . Blah Blah Blah . I then decided that I'd leave Nigeria only to discover that to fvck hoes in Las Vegas is about $400 (N140,000). . 1 Like
|
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by frankfrancis871: 12:47pm On Oct 03, 2018 |
Meet the youngest mechanic in the world, he is just 2 years old https://www.nairaland.com/4767153/meet-youngest-mechanic-world#71743070 |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by theoldpretender(m): 12:47pm On Oct 03, 2018 |
Lilimax: 1.The language on our Naira note is not ARABIC...but Hausa written in the ARABIC SCRIPT. (Japanese and Korean are also written partly in the Chinese script, as are English, German, French written in the LATIN/ROMAN SCRIPT). 2.Many NorthernHausa still write using the Arabic script in Hausa.....though Hausa is now increasingly being written in the ROMAN/latin script.... 3.Hausa is a Nigerian language.iT IS also spoken in many West African countries....Niger, Benin and Ghana are examples.! 4.Anyway...me too I think the Ajami script should go. i am just tired of Nigerians claiming that Arabic=Muslim. So, Al Kitab...the Christian Bible in Arabic is a Muslim book? 2 Likes |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by excomarow(m): 12:48pm On Oct 03, 2018 |
At times that 100bucks can be so irritating that I don't what to collect it as change. Imagine how many people (both the good, bad n ugly) have spend one particular note. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by saaron(m): 12:48pm On Oct 03, 2018 |
I wash my hands thoroughly whenever I handle a N100 note. They are as dirty as a latrine soak away pit. So much for change. Useless govt. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by myettiallah: 12:49pm On Oct 03, 2018 |
Uted |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by zombieTRACKER: 12:50pm On Oct 03, 2018 |
OsuMustGo: Frustration manifests in many ways 3 Likes 1 Share
|
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Proflere: 12:53pm On Oct 03, 2018 |
I even heard some cohort re-inject the bad notes into the economy when are meant to destroy it. This brings more money into the economy than accounted for. I don't know how true anyways... When you are asked the difference between BEATING and DEFEAT: Defeat is a respectful beating while Beating is a disrespectful defeat. you see when Liverpool beat PSG, that was a respectful beating but when Sevilla beat Madrid that was a disrespectful defeat. You see Beating will not give you chance to redeem your image, they make you look like you are new to the system. But the OGA at the top is Brutal Beating, this beating after a team suffers it they simply lose half of their fans. that is why when Liverpool was given 5:0 by man city last season, Liverpool Jersey suddenly became scarce on the street. you see when young boys beat Basel 7:1 that is an example of "who is your mate beating". This is the type of beating Lyon will suffer against man city in their next leg and PSG might do the same to their opponent tonight.. Thank you.. lest I forget, one governor in the west just suffered same Beating. Therefore Brutal beating don't just happen to people/teams, it happens to them Alaigborans (stubborn people).... |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by dadalicious: 1:02pm On Oct 03, 2018 |
epistleNow:Please share so we learn |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by nobilie: 1:03pm On Oct 03, 2018 |
Do you know that changing new currency in different denominations is a business in Nigeria. This shouldn't be. Commercial banks sell mints to people who hold the money until they meet with someone ready to pay for them. At a market in Lagos, you'll receive N650(in N100 new note) for N1000 old note. People spray this new notes at occasions. Celebrants then keep the notes to spend at special times. This is also one of the reasons new #100 notes are rearly available. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by spartan117(m): 1:11pm On Oct 03, 2018 |
theoldpretender:thrash the old notes are simply removed from circulation and new replacement notes bearing thesame serial number is printed.so it can't cause inflation secondly it does not cost billions of dollars to print 'paper currency' where did you get this idea from lol 2 Likes 1 Share |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by castrol180(m): 1:15pm On Oct 03, 2018 |
When daura shit hole is not giving him free hand or opportunity to do so |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by dejavuh0007(m): 1:16pm On Oct 03, 2018 |
sometimes, I wonder if it isn't the same paper they used in printing the old #100 note that they r using to print the new one coz d old one was really rugged and stood d test of time. back den, rarely would u c see a #100 note get battered quickly like dis new one. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Emmanueledu(m): 1:16pm On Oct 03, 2018 |
Thank God I'm not the only one experiencing this!The bad notes are every where...And it's so particular with the 100 naira note!smh |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by FarahAideed: 1:23pm On Oct 03, 2018 |
theoldpretender: you are just being mischivious ...there is a process for mopping up old notes and replacing them so how come only the 100 naira note is being disregarded |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by theoldpretender(m): 1:23pm On Oct 03, 2018 |
spartan117: You flatter me, good sir. the old notes are simply removed from circulation and new replacement notes bearing thesame serial number is printed.so it can't cause inflation 1.We print the lower denominations...ie N100 and below....abroad. It is the N200 and above that are printed in the country via the NSPMC.(The Mint). 2.Naira notes cost money to print....it isn't just printing paper, you also have to put in security features to beat forgers, and also the material has to be long lasting. Add the fact that we have billions of naira in circulation.... 3.And we also have to print new notes...in additon to replacing old notes. 4.And this article from 2016 put it well 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. https://punchng.com/cbn-fails-print-small-naira-notes-one-year/ So you see. It isn't as easy as it looks. 1 Like |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by dedons: 1:28pm On Oct 03, 2018 |
OneDollarSalary:OP please help me gather all the #100 notes you have. I need them to be transporting myself for now. Na beg I dey beg you. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Spolo1(m): 1:29pm On Oct 03, 2018 |
Earn cool cash by doing simple online survey.
Registration is free
click the link and join
http://workpocketmoney.com/?id=253387 |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by theoldpretender(m): 1:32pm On Oct 03, 2018 |
FarahAideed: It costs the same to print a N1000 note and a N100 note....and because the lower denomination notes are printed in the country, while the higher denomination notes (N200 and above) are printed outside...it makes plenty sense to save forex and print higher denomination notes. Mind...mopping up old notes means that we have to make new notes...which in the case for N100 means going out of the country to do so. Then we also have to print new notes...to keep up the money supply...and that is a potential additon to the cost. (CBN has been doing this from time to time..so it isn't a new thing). On a side note...we print lower denomination notes outside the country...because they are made of POLYMER...which lasts longer.9 Of course it is more exepnsive. See the problem? This article from 2016 has some info |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by theoldpretender(m): 1:32pm On Oct 03, 2018 |
FarahAideed: It costs the same to print a N1000 note and a N100 note....and because the lower denomination notes are printed in the country, while the higher denomination notes (N200 and above) are printed outside...it makes plenty sense to save forex and print higher denomination notes. Mind...mopping up old notes means that we have to make new notes...which in the case for N100 means going out of the country to do so. Then we also have to print new notes...to keep up the money supply...and that is a potential additon to the cost. (CBN has been doing this from time to time..so it isn't a new thing). On a side note...we print lower denomination notes outside the country...because they are made of POLYMER...which lasts longer.(Lower denomination=heavy use) Of course it is more exepnsive. See the problem? This article from 2016 has some info |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Oseunblues(m): 1:39pm On Oct 03, 2018 |
#100 notes self suffer for this buhari time ooo... |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Jaguntemmy(m): 1:39pm On Oct 03, 2018 |
theoldpretender:Abeg tell the shallow minded in educated fools ooo |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by philbanj(m): 1:49pm On Oct 03, 2018 |
Lol |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Nobody: 1:50pm On Oct 03, 2018 |
OP, there's a theory flying around in hush tones that the reasons are not economic or even about Emefiele. That it is an order from above. Or how come lower notes like N50 and N20 have recent dates of 2017 and 2018, but only the N100 printed by Jonathan (the 2014 anniversary ones) and the ones that predates his administration are in circulation? How come no one in the presidency has raised any objection to the presence of mangled N100 naira notes everywhere? How come you should be more concerned than them? So, what's the theory? You asked That it's all because there are no Aramaic/Arabic notes in the 2014 Centenary Anniversary N100 as GEJ got them removed. That Buhari would have ordered the Emefiele/CBN to revert to printing the old N100 notes that had the Aramaic/Arabic notes instead, but refrained on advice so as to not to appear as vindictive and openly religiously bigot. So, he decided both the old and new N100 notes are left and none is reprinted. So you cannot find a N100 note printed later then 2014! You can investigate. It's a theory. Maybe just a conspiracy theory or a fact. 2 Likes |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by CsRockefeller(m): 1:52pm On Oct 03, 2018 |
The quality of notes being spent here in Jos, I swear if you give a conductor same in Lagos you will chop slaps 5 times. |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by Nobody: 1:54pm On Oct 03, 2018 |
2 things u see in this country that u should b grateful of.is a virgin and a clean hundred naira..if u know u know |
Re: Godwin Emefiele, How Hard Is It To Print New 100 Naira Notes?! Educate Us!! by backspaced(f): 1:55pm On Oct 03, 2018 |
We are recruiting a Regional Manager for a multi-faceted company, a leader in the fields of supermarket shelving and refrigeration solutions, warehouse racking and productivity systems, headquartered in Lagos. This position is responsible for managing the company's branch operations in Abuja, with responsibility for North and Central Nigeria. The ideal candidate will be a resident of Abuja. Job Scope: Business development for our range of supermarket solutions and products in North Central Nigeria. Develop good network with project consultants and architects for lead generation. Develop good rapport with local agencies to identify upcoming supermarkets. Personal interaction with existing and potential customers to explore all potential sales opportunities including prospecting, presentations, pricing and closing of sales. Provide analysis and potential of territory reports to management. Attend trade shows and participate in industry associations. Invite supermarket owners to the showroom in the city and convince them to buy our products. Responsible for achieving sales revenue and profit goals within the defined geographic area. Desired Skills and Qualifications: BA/BS preferably in business, sales/marketing or related field and 5+ years of previous B2B or industry specific experience, preferably with large accounts. 3-5 years Sales Management experience. Must demonstrate initiative, problem solving, negotiation, and persuasive communication skills. Strong financial acumen and analytical skills are required. Ability to function independently without close supervision. Apply immediately to https:///ECL-RM-Abuja |
Nigerians Stop Wailing Ghana Did Nothing Wrong Shutting Down Shops. / Can You Tell Your Friend What You Do Online That Gives You Money / Akin Alabi: My Mum's Driver Thought I Was A Yahoo Boy - Nairabet CEO
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52 |