Monday, August 27, 2012

The Women on N5000 note


                       Margaret Ekpo                                         Funmilayo Ransome Kuti                                             Hajiya Gambo Sawaba

A new currency – N5,000 note – will go into circulation next year, the Central Bank of Nigeria (CBN) said yesterday.Three denominations - N5, N10 and N20 – are to become coins.The 12 currency structure of the naira will now be six coins and six bank notes.The coins are: N50k, N1, N2, N5, N10 and N20. The banknotes will be in N50, N100, N200, N500, N1,000 and N5,000. CBN Governor Sanusi Lamido Sanusi who announced the plan yesterday said the new coins and the N5,000 banknote were introduced as a result of “inflationary pressures”


Know the women to apper on the N5, 000 note after the cut...
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!

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