The Central Bank of Nigeria (CBN) has refuted circulating reports suggesting the introduction of new N5,000 and N10,000 banknotes, labeling the claims as entirely false.
In an official statement released on Wednesday via its verified X account, the apex bank clarified:
“This content is NOT from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng.”
The clarification follows widespread misinformation implying that the CBN planned to roll out high-denomination banknotes to reduce cash-handling costs and enhance liquidity management.
Some versions of the fabricated reports even attributed comments to a supposed Deputy Governor, Dr. Ibrahim Tahir Jr., falsely claiming that the new notes would be introduced on May 1, 2025.
The CBN has urged the public to disregard such unverified information and rely solely on official channels for credible updates.
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