Central Banking

Nigeria cb shelves plan for 1,000 naira note

Plans to bring in a 1,000 naira note in Nigeria have been put on hold. The note would be worth double the current highest denomination banknote but the plan was shelved due to unfavourable economic conditions.

Source: The Guardian, Lagos

An unfavourable economic condition in the country has made the Central Bank of Nigeria (CBN) shelve its planned introduction of a 1,000 naira bill into the economy, it was learnt yesterday.

The planned 1,000 naira bill would have been the highest denomination of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: