Skip to main content

Nigeria’s Central Bank Debunks Reports Of New ₦5,000, ₦10,000 Notes

Image
By


 According to the reports, the CBN was set to introduce the new notes to reduce cash-handling costs and improve liquidity management.

The Central Bank of Nigeria (CBN) has refuted claims that it has introduced new ₦5,000 and ₦10,000 notes, describing the reports as false.

This comes after widespread misinformation suggested that the apex bank had unveiled the high-denomination banknotes to enhance cash transactions.


According to the reports, the CBN was set to introduce the new notes to reduce cash-handling costs and improve liquidity management.

Some of these claims even attributed statements to a supposed Deputy Governor, Dr Ibrahim Tahir Jr., regarding the rollout of the notes from May 1, 2025.

However, the CBN has denied these reports, stating: "This content is NOT from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng."


Comments

Post a Comment

Popular posts from this blog

Newborn Wrapped in Nylon Reportedly Found Abandoned in a Waste Bin At Balewa Hostel, UNN.

By
  Newborn Wrapped in Nylon Reportedly Found Abandoned in a Waste Bin At Balewa Hostel , UNN . Reports also suggests that the alleged mother gave birth to the baby in a 100-series bathroom within the hostel. Was it fear, desperation, or a sense of helplessness that led her to this?.  What could  pushed her to such a heartbreaking decision?
Post a Comment
Read more

Singer Portable Declared Wanted for Alleged Violent Attack on Police Officers

By
  The Ogun State Police Command has declared controversial singer Habeeb Olalomi, popularly known as Portable, wanted for allegedly leading a violent attack on government officials during an enforcement exercise. According to a statement issued on Monday by the command's spokesperson, Omolola Odutola, the incident occurred on February 5, 2025, around 10:00 a.m. when three officials from the Ogun State Ministry of Physical Planning and Urban Development, Ota Zonal Office-TPL Onabanjo Abidemi, TPL Raymond Lateef, and TPL Ridwan Oyero Akinlesi-were conducting an enforcement exercise at Oke-Osa, Tigbo Ilu Ota. During their inspection, the officials encountered an elderly man, later identified as Portable's father, at Odogwu Bar, a property linked to the singer. When asked for the building's approved plan, Portable's father informed them that his son was unavailable. However, moments later, Portable allegedly arrived, armed with a firearm and other dangerous weapons, leading...
Post a Comment
Read more