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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REHABILITATION, MODERNISATION OF PORTS TO COMMENCE SOPN, SAYS OYETOLA. (PHOTO).

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as he receives briefings from heads of agencies, departments

The Minister of Marine and Blue Economy, Adegboyega Oyetola CON, has said that the rehabilitation and modernisation of the nation’s ports would commence soon.

He made this known on Wednesday shortly after concluding his interaction with the various heads of agencies and departments under his ministry.

The minister, who was inaugurated last Monday, began receiving briefings from the heads of agencies and departments under his ministry almost immediately. So far, he has interacted with all the departmental heads and followed up with the heads of agencies, beginning with the Nigerian Port Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), National Inland WaterWays Authority (NIWA) and Nigeria Shippers’ Council.

He rounded off the briefings on Wednesday with the Maritime Academy of Nigeria, Oron and the Council for Regulation of Freight Forwarding in Nigeria (CRFFN).


He promised to look into some of the issues impeding their smooth operations with relevant agencies of the government, just as he reiterated the need for effective collaboration among agencies within the Marine and Blue Economy Ministry so as to realise the vision of President Bola Ahmed Tinubu’s administration for the sector.


Oyetola also noted that dredging of the nation’s ports will also continue so as to make them remain navigable, enhance their operations, and ensure improved revenue generation for the Federal Government.

“The briefings have been educative and enlightening. It gave me the opportunity to listen to the challenges of the departments and agencies under our Ministry, and I have resolved, working with my team to ensure we hit the ground running immediately. We remain committed to the realisation of the Renewed Hope Agenda of Mr. President,” the minster added.

 

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