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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SPORTS MINISTER INAUGURATES STEERING COMMITTEE+CHARGES MEMBERS TO UNLOCK THE POTENTIALS OF SPORTS INDUSTRY IN NIGERIA.{PHOTO}.#PRESS RELEASE.

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     The Minister of Youths and Sports Development, Hon. Sunday Dare, has inaugurated a Steering Committee of the Sports Industry Working Group (SIWG), at the Moshood Abiola National Stadium, Abuja.
The Committee which is a Public Private Dialogue (PPD) platform is charged with the mandate to create effective synergy and ensure a close working relationship between the Federal Ministry of Youth and Sports Development and the Nigerian Economic Summit Group (NESG).
The Minister stated that the Steering Committee will work together to create advantageous environment and have proper policy in place to drive investments, incentives and also drive infrastructural development through sports.
He reminded the Committee that the Nigerian Sports Sector and indeed all Nigerians, look forward to the needed transformation in the Sports Industry, adding that, the whole process would bring about the foundational structure needed, to develop sports in Nigeria.
In his welcome remarks, the Permanent Secretary of the Ministry and Co- Chairman (Public Sector), Sports Industry Working Group ( SIWG), Mr. Gabriel Aduda, welcomed members of the newly inaugurated Committee, to what he termed "as another phase of sports development in Nigeria".
He stressed that the Public Private Partnership in the Sports Industry will not only address the challenges faced in sports but will also, make Nigeria compete favourably and globally.
The Co-chairman (Private Sector) of the Steering Committee, ( SIWG), Mr Ufot Udeme, in his speech, affirmed that indeed the Ministry and the Nigerian Economic Summit Group was making history, as both Public And Private Sectors team up to turn the Sports Industry economically for national growth and development.
He also promised that the Private Sector was committed to playing its own part in Sports Industrialisation Agenda through investments into key infrastructure that would trigger the development of the ancillary sector of the industry, stressing that streams of revenue, job creation and socio- economic development attained through sports in any country, would be achieved.
Mr. Ufot believes that the event would metamorphose into a retreat session in order to achieve fruitful and robust discussions to chart a way forward to the next level of national aspirations for sports development.
The event was graced by the Directorate Cadre from the Ministry and Members of the Nigerian Economic Summit Group ( NESG).
Olatunji John
Information Officer
For: Director, Press.
Image may contain: 6 people, people standing

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