CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).

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  The Central Bank of Nigeria (CBN) has dismissed a viral claim circulating on social media about the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news. The claim, which included fabricated images of the supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely stated that the new notes would enter circulation from May 1, 2025. In a statement on its verified Facebook account, the CBN clarified that the content is not from the bank and directed the public to its official website, (www.cbn.gov.ng), for authentic information. The bank warned against spreading misinformation regarding monetary policies and urged Nigerians to rely only on official statements from its verified channels. The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources befor...
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PRESIDENT JONATHAN SAID NIGERIA ECONOMY IS ONE OF THE WORLD'S LARGEST,TRUE OR FALSE?.

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                           Today tuesday,President Goodluck Jonathan made this statement in Port Harcourt at the inauguration of Enugu Port Harcourt Enugu intercity train service that ''We have mangeged the economy in Africa and one of the largest in the world.We have changed the course of history with the railway system in the last 30 years from the neglected sector to a rehabilitated and revitalised one by rehabilitating the existing narrow gauge railway lines,the operations and maintenance.We have introduced programmes that have impacted positively on the lives of the people and national agenda''.Adeseyi Sijuwade,Managing Director of Nigerian Railway Corporation {NRC},noted that the rehabilitation of Enugu Port Harcourt Railway had many challenges.30 metres of the rail line was washed out by Aba gully erosion.He further explained that five metres wide reinforced concrete culvert of more than 366 metres long resolved the problem.The Aba mountain of refuse which is about five metres high was part of the challenges while a section of the track was buried.One more photo below.                                                                                                                                

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