₦airaland Forum

Try applying to the companies advertising here. They might not mind some free labor.

I guess it depends on the branch. Some branches like to discourage people, I dunno why.

Restored

Restored.

In order to save further costs, they should allow the old notes to continue circulating until they wear off.

I really hate goodlooking couples. Grr. Get into a corner and do whatever you want to do, don't assault us with your good looks and supposed happiness. Grr.

how many Market women test this by put in the 'bra', sock it with palm-oil etc??

The 20 naira note is waterproof, so it doesn't not absorb your sweat when placed in the bra.
Also, market women are less likely to put it in their bras since it's not made of soft paper material.

How can an innovation that reduces the cost of printing currency by 50% be deemed "wasteful"?

It's nothing compared to the amount that was used to bailout the banks just a few weeks ago, and it's a cost-saving measure, so I don't see how it's a waste of resources. To really save money they should allow the notes currently in circulation to circulate until they wear off.

Can you send me a copy of the post? What are the other classifieds sites it's taken you to?

I don't care about the arabic.  I don't think anyone does.

Main discussion here: CBN To Issue New Polymer Notes: ₦5, ₦10, & ₦50

[quote author=ndu_chucks link=topic=323031.msg4562315#msg4562315 date=1253198878]i go try use example to take explain de 2 financial instruments:

LETTER OF CREDIT(LC)

letter of credit na for primarily for international trade. make we assume say you dey live for USA and you dey import motorcycles. if you need $200,000 for ya transaction, you fit go black market go buy dollar at N159, den you go use domiciliary account take transfer ya money $10,000 max per week. dat option no dey too business friendly. So you go go ya bank, complete Form-M and other documentation, den ya bank go get you de dollar for prevailing rate like N151.7. if you get long leg, ya bank fit gi you loan in de same amount sef ( make sure say de loan no end up as non performing loan o; you sabi say na de ting wey put big men for jail be dat). after dat, your bank go give you letter of credit. You go need to get bank account for de country wey you wan buy generator to make this work.

to cut tory short, you go carry ya letter of credit go ya foreign bank, and based on dat, your bank go pay the seller of de generators. de naija bank go reimburse ya foreign bank for de country where you dey buy de generator. one ting be say, letter of credit dey irrevokable. if you no know wettin I mean, google am.

BANK COMFORT LETTER

comfort letter too, na for primarily international business. make i use illustration here again:

putin incorporated LLC get refinery for Russia and dem dey offer to sell 1000MT/month of diesel for 12 months. you wey get oil importation business for naija, wan buy de oil, but before putin incorporated enter inside contract with you, dem tell you make you go bring bank letter of comfort. de letter go assure de seller say, bank don verify say you get de financial capacity to enter inside de agreement. sometimes sef, buyer fit require bank comfort letter from seller. all na to make sure say no be 419 una dey do. all parties go come pay each other as needed using either letter of credit or other financial instrument

na my 2 kwabo be dat, make we see wettin others go contribute[/quote]English would have been much easier to understand.
Pidgin is not an appropriate language for expressing technical concepts.

Hydy:
if its like 20naira notes, then the CBN's gone bananas, N20 fades easily,tears stupidly and when torn, is useless, 4me,its only flashy but has no quality

As far as I know, the polymer notes can't be torn by mistake.  They're definitely more durable.

News?

There are no problems.

What she's trying to say is that idleness is more dangerous to marriage than work.

youngies:
How on God's earth could Mr. Adeboye be the most influential man of God in Nigeria and also in the world?
Is there any chance in hell that Mr. Adeboye could be more influential than Mr. Olubunmi Okogie in Nigeria or the Pope in the world"

He's definitely not as popular as the Pope, but who is Mr. Olubunmi Okogie?

They are trying to save money. The notes are 1.8 times more expensive but last 4 times longer, so they cost less to maintain over time.   This is the basic job of the CBN and I'm happy to see some progress.

MUZBO:
Notes that'll soon become extinct.

The 50 naira note won't be extinct anytime soon.
The 5 naira note may still be used by children to buy sweets.

CBN To Issue New Polymer Notes: ₦5, ₦10, & ₦50

Pls link to the page you copied this article from. Thanks. I don tire.

Pls link to the page you copied this article from. Thanks. I don tire.

Pls link to the page you copied this article from. Thanks. I don tire.

I like the numbers:

He stated that polymer notes are known to last longer in circulation and was 1.8 times the cost of the paper notes but last 4 times longer than the paper notes. It does not tear easily, nor get soiled easily. According to him, the N20 note on polymer was a test case to determine the advantages and demerits of polymer substrate and its acceptance; and the lower denominations are being reprinted because of their frequency of use by Nigerians.

In continuation of the currency reforms initiated by Professor Chukwuma Soludo

Why must everything be a "reform"? This is just the CBN doing its job. Which is nice.

Ibime:
That should clear things up a little bit.

Really?  My head hurts from trying to figure out what the hell they are trying to confuse us about.

(Re: 'only son') Would it have been less horrifying if he had other children?

Pictures?

Returned to the education section.

What about Arisekola Alao

Arisekola Alao is not a woman.  Can you name one beautiful woman with distinct tribal marks?

Debt recovery?