On the 28 th of November, 2011, the CBN Board considered and approved the new currency series. It subsequently sought and on the 19th of December, 2011 obtained the approval of His Excellency, the President, Dr. Goodluck Ebele Jonathan, GCFR. Under the new structure, the existing denominations of N50, N100, N200, N500 and N1,000 will be redesigned with added new security features.
It is our pleasure to inform you that a new high currency denomination will also be introduced. It is the N5,000 note. In the  2  BIS central bankers’ speeches  same vein, the lower banknote denominations of N5, N10 and N20 will be coined.