CBN set to introduce N5000 note

The Central Bank of Nigeria announced this evening that it will introduce N5, 000 notes into the system. Contrary to speculations that CBN planned to use Nigeria’s late former president, Umar Musa Yar’adua’s picture on the note, it has now been announced that the faces of three late prominent Nigerian female activists will be used on the new notes which will be launched next year. The women are:

1. Margaret Ekpo: late politician and social mobilizer (1914 – 2006)
2. Hajia Gambo Sawaba: late politician and activist (1933 – 2001)
3. Funmilayo Kuti: lte politician and women’s right activist (1900 -1978)

They also plan to convert the N5, N10 and N20 notes to coins next year

Do you think this is a good idea?


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  • Tboy

    Why is he playing with our currency? every year new change.i think cbn boss want us to notice him that all.oga sanu we notice you clap for yourself welldone.

  • Bitty

    SO this news is true? Who is Hajiya Gambo? Never heard of her. Each of these women deserve a note in their own right. They should remove notes with military dictators and replace them with the women instead of puting them all on one note

    • http://www.facesbook/zibaziabrahammoscolize isaac obeh

      the ideal is improper to do let the conver it to 2000 not 5000.it 5000 get lose is very painful.if the do it?the are make nigerias who are in govrt. to enable then to steal the money.let go for 2000.& for the coins the should only do that to five,ten

    • http://askfm.co/dben1 benard

      To my own knowledge, changing from 20naira down to coins will only make those useless, we’ve done things like that before. No one went for it and for that 1 naira and 50 kobo isn’t in circulation any longer. I also think creating 5000 naira note will in a way close the gap between the worth of naira and us dollers, don’t know if nigeria economist sees it my own way.

    • http://askfm.com/dben1 benard

      Which ever way, God bless nigeria and show us the way forward, all we’ve got as leaders are set of blind dude leading blind ppl.

    • juliet ken

      i think this idea of changing 10-20 naira to coins is not good because it will be reducing Nigerian currency the more instead is better to start using 50kobo nd 1naira. i
      f cbn do that it means that 50-200 naira will be like10-20 naira nd within a short time they will stop using that 10-20 naira coins like 50kobo nd 1 naira.

    • ugo chukwu ogbodo

      I just want our leadres to consider the concept and what will be the out come of the lives of the poor at the near future of our country. There’s no need to that change now . We will killing our naira, just the way kobo was killed. CBN… You must think and think right. One Nigeria ..

    • kissi

      Na wa o…..abeg make them no change our note ..

    • Agbeja Olajumoke

      This is not right. They just want to destroy our economy

    • Tosin

      Bye_bye to 5000note!!! what a mighty God we serve.

    • Ijidai

      this is madness, there are time i give drivers 1000 naira notes and will take us minutes to find change. what will then happen if its 5000?