I resisted temptation to merge FRSC, says Obasanjo
Chief Olusegun Obasanjo, on Friday, said he resisted the temptation to merge the Federal Road Safety Corps (FRSC)
Source: tribuneonlineng.com
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Naira Redesign: CBN Denies Plan To Print ₦‎5,000 Note
The Central Bank of Nigeria (CBN) said there’s no plan to introduce N5,000 denominated bank note following the naira redesign. Ahmed Umar, CBN Director of Currency Operations made the clarification on Tuesday in Port Harcourt, Rivers State. Umar attended the Nigeria Deposit Insurance Corporation (NDIC) workshop for Financial Correspondents Association of Nigeria (FICAN) and Business…
Source: niyitabiti.net
Change Of Colour In New Naira Notes Is Security Feature – Nigeria's Central Bank Reacts To Widespread Criticism
The Central Bank of Nigeria has responded to talks about the new naira notes being only redesigned in colour, stating that the change of ink “is in itself a security feature.” The CBN authorities also claimed that the bank had no luxury of time to execute a broad redesign, while claiming that it only wanted to tackle an identified problem. The CBN’s Director of Currency Operations, Ahmed Umar, said this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC).
Source: saharareporters.com
'We had limited time', CBN explains why new naira notes are 'simple'
The bank says it will not introduce a higher note than N1000.
Source: premiumtimesng.com
'We had limited time' -- CBN speaks on colour of redesigned naira notes
The Central Bank of Nigeria (CBN) has explained the reason for the "simplicity" of the naira redesign.
Source: thecable.ng