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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MINISTRY OF YOUTHS AND SPORTS DEVELOPMENT,SETS UP A NEWLY APPROVED FOCAL GROUP.[PHOTO}.#PRESS RELEASE.

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   The Ministry of Youth and Sports Development has set up a Focal Group on the newly approved Nigeria Youth Investment Fund (NYIF). The Focal Group is an assemblage of youth leaders and groups from diverse fields, entrepreneurial experts and individuals with youth development and finance experience.

The NYIF Focal Group is entrusted with processing stakeholders’ views and inputs about the Fund and making same available to the NYIF’s Technical Committee. The group will also provide valuable feedbacks on expectations of the youth generally and deliberate on wide ranging issues around youth entrepreneurship and credit access.

Minister of Youth and Sports Development, Mr Sunday Dare had tasked the Focal Group to “provide useful insights around the challenges faced by youth entrepreneurs and youth with burning ideas and how best they think the fund can assist them. The Nigeria Youth Investment Fund is not just another programme of government. You have the responsibility of coming up with suggestions on how to make NYIF serve the needs of the youth and facilitate turning their ideas into viable businesses, helping them to expand existing businesses.”

The twenty-three-member Focal Group is led by, Oladipo Adebiyi with Mr. Samson Itodo, Executive Director of Youth Initiative for Advocacy Growth & Advancement (YIAGA) as Deputy Team Lead.

The membership of the group include: Thomas Enitan Eleoramo, Funds Manager/Investment Banker; Ife Adebayo, SA Innovation & Entrepreneurship Office of the Vice President; Mrs. Fayo Williams, CEO, Simply Exponential Consult; Mr Abubakar Badre; Mr Olisameka Onyeka; Mrs Yetunde Adeniji and Barrister Usman Bappa.

Others are Mr Gbenga Adeyemo, Youth Development Coach/Journalist; Ubale Nalado, Development Expert, Zainab Haruna, CEO Decipher Solutions; Lukman Edu, Youth Entrepreneur/Lawyer; Bella Amadi, Founder, Girls Lead Hub; Oguamanam Jacqueline; Amina Abdulsalam; Tayo Olusunde, Executive Director, Mind the Gap; Mubarak Mijinyawa, Speaker, Nigerian Youth Parliament; Morakinyo Oladotun Ebenezer; Sokubo Sara-Igbe Sokubo, President, National Youth Council of Nigeria; Aisha Usman; Joel Ogunsola; Obi Ozor, CEO Truck 360; and Idris Olorunnimbe, Member- Lagos State Employment Trust Fund.

A.B.LERE-ADAMS
DIRECTOR-PRESS/
Media Office of the Honourable Minister of Youth and Sports Development.

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