CBN SHORTLISTS THREE FIRMS TO PRINT N5,000 NOTE

The Central Bank of Nigeria has shortlisted three firms from the United Kingdom, Germany and France to tender for the multibillion naira minting job of printing the new N5,000 note.

The three minting and printing firms contacted are Delarue of Britain, D&G of Germany and Orbether of France.  CBN Governor, Sanusi Lamido Sanusi, had said during a news conference in Abuja on Aug. 23, that the bank had secured a presidential approval to introduce the N5,000 denomination and to coin the lower denominations of N5, N10 and N20.

N40.3bn was approved for the implementation of the policy on the nation’s currency. Production of the coins alone will cost N8bn.

So they are really going ahead with it?