Naira : 5000 Naira Note To Feature Faces of Heroine

The Central Bank of Nigeria on Thursday announced a comprehensive review of the structure of the nation’s currency that would lead to the introduction of a N5,000 bill as the highest naira denomination next year.

Sanusi said the new N5,000 note would have the portraits of three women who fought for the country’s independence.

They are Mrs. Margaret Ekpo, Mrs. Funmilayo Ransome-Kuti and Hajiya Gambo Sawaba. In addition, Sanusi said the back of the N5,000 note would have the picture of the National Assembly complex.

The CBN governor said the currency review, which he called, “Project Cure,” would allow the bank to convert lower denominations of N5, N10 and N20 into coins. Sanusi said 50k, N1, N2, N5, N10 and N20 would now be in coins, while the banknotes would be N50, N100, N200, N500, N1,000 and N5,000.