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CBN (Central Bank of Nigeria), Latest Politics
Wednesday, September 19th, 2012
By JOSEPH ERUNKE ABUJA—The Federal Government, yesterday, rebuffed criticisms against the introduction of N5,000 note in the country, insisting that there was no going back on the decision. Similarly, the government insisted that, notwithstanding fresh facts that have been unearthed by the Vanguard to prove that Bakassi peninsula belongs to Nigeria, and which were concealed […]
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CBN (Central Bank of Nigeria), House, Legislature, Senate
Sunday, September 16th, 2012
A show down is looming between the National Assembly and the Governor of the Central Bank (CBN), Mallam Sanusi Lamido Sanusi over his insistence to introduce the N5000 banknote. The two chambers are due to resume from their annual recess on Tuesday with members determined to stop the introduction of the new banknote. Influential members […]
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Articles, CBN (Central Bank of Nigeria), Columnists, NNP Columnists, Paul I. Adujie
Saturday, September 15th, 2012
By Paul I. Adujie | New York, USA | Sept. 15, 2012 –The introduction of Five Thousand Naira as a single currency note, will exacerbate already existing pressures on Nigeria’s long beleaguered national currency. It is sadly the case that Ghana, Haiti and Jamaica national currencies have better strength and international respect compared to the […]
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Africa & World Politics, CBN (Central Bank of Nigeria), Columnists, Emeka Chiakwelu, NNP Columnists
Saturday, September 15th, 2012
By Emeka Chiakwelu | NNP | Sept. 15, 2012 – How long will it take Nigerian policy makers to come out from their self imposed bubble and comprehend that policy decision they made can have adverse consequences. We all wake up one bright morning; the next thing we heard was that Sanusis Central bank of […]
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CBN (Central Bank of Nigeria), Olusegun Obasanjo (1976-79, 99-07), Presidency
Tuesday, September 11th, 2012
The Governor of the Central Bank of Nigeria, Mallam Lamido Sanusi, on Tuesday, described former President Olusegun Obasanjo as “a very bad economist.” Sanusi, at the sixth annual conference of the Chartered Institute of Bankers of Nigeria in Abuja, said Obasanjo misinterpreted the impact of the proposed N5000 note on the economy when he […]
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CBN (Central Bank of Nigeria), Latest Politics
Monday, September 10th, 2012
The Central Bank of Nigeria has said that it will be illegal for banks to compel their customers to accept the N5000 note when it comes into existence.. The apex bank, which denied allegations that it was forcing the new structure of the naira on Nigerians, said customers could reject N5000 note from banks “I […]
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CBN (Central Bank of Nigeria), Latest Politics
Sunday, September 9th, 2012
BY HENRY UMORU ABUJA— DESPITE criticisms that have been trailing the proposed introduction of a new N5,000 note by the governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture CONSCCIMA, weekend threw its weight behind it. Speaking with newsmen, Chairman of the […]
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CBN (Central Bank of Nigeria), Presidency
Saturday, September 8th, 2012
Jumping from one inconclusive economic and political issue to another appears to be a factor that is fast defining the Presidency of Nigeria’s Dr. Goodluck Jonathan. The latest move of the Central Bank of Nigeria, CBN to convert the current N5, N10 and N20 notes to coins and also step the currency note to N5,000 […]
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CBN (Central Bank of Nigeria), Latest Politics
Thursday, September 6th, 2012
Founder and President, Oodua Peoples Congress, Dr. Frederick Fasehun, says the planned introduction of N5,000 note will encourage money laundering. Fasehun said this during a media roundtable in Lagos on Wednesday. According to him, imposing the new note on Nigerians would not augur well for the security and social life of the people. Fasehun said, […]
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CBN (Central Bank of Nigeria), Goodluck Jonathan (2010-present), Presidency
Tuesday, September 4th, 2012
By SONI DANIEL ABUJA— As the controversy over the planned introduction of N5000 note deepens, a Peoples Democratic Party, PDP, lawmaker, Senator Ita Enang, has accused the Central Bank of Nigeria Governor, Sanusi Lamido Sanusi of plotting the fall of President Goodluck Jonathan with the ignoble plan. Many Nigerians have kicked against the move by […]
