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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COUP:NIGERIA CUTS ELECTRICITY SUPPLY TO NIGER .(PHOTO).

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Coup: Nigeria Cuts Electricity Supply To Niger

August 2, 2023

Major cities in the Niger Republic are experiencing prolonged blackouts after Nigeria cut its power supply to the neighbouring West African country, according to Nigelec, an electricity company in Niger.

The development followed an emergency meeting by the Economic Community of West African States (ECOWAS), where sanctions, including freezing utility services, were imposed on the Niger Republic over its coup.

The cities of Niamey, Maradi, and Zinder each witnessed about an hour of electricity at a time before it went off for about five hours. This is quite unusual in the Niger Republic, which usually enjoys a more reliable electricity supply.

Niger Republic is heavily dependent on Nigeria for most of its electricity supplies.

The Transmission Company of Nigeria, when quizzed by the press on the Niger power cuts, declined to comment on the issue. But an anonymous source disclosed to the BBC that the electricity supply to Niger was cut on Tuesday following a presidential directive.

On Sunday, West African leaders gave the military junta one week to give up power or face possible military intervention.

ECOWAS defence chiefs are meeting in Nigeria to discuss the Niger crisis and the best resolution.

Niger’s democratically elected president, Mohamed Bazoum, was ousted in a military coup last week by presidential guards.

General Abdourahmane Tchiani, the chief of the presidential guards, was installed as the head of state.

The coup sparked several demonstrations against the country’s former colonial power, with the French embassy coming under attack in the country.

France responded by evacuating its citizens from the country. About 262 French citizens evacuated from Niger Republic arrived in Paris early Wednesday.

Meanwhile, a delegation from ECOWAS is meeting in Niger on Wednesday to hold talks. The delegation is led by Nigeria’s General Abdulsalami Abubakar, who oversaw Nigeria’s transition from military rule to democracy in 1999.

Another notable delegation member reportedly includes the Sultan of Sokoto, Muhammadu Sa’adu Abubakar III, who also wields huge influence in the Niger Republic.

The country joins Mali, Guinea, and Burkina Faso as countries currently under military rule.

 

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