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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CHELSEA SIGN PALMER FROM MAN CITY.(PHOTO).

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 Chelsea sign Palmer from Man City


Chelsea signed England Under-21 forward Cole Palmer from Manchester City on Friday in a deal worth an initial £40 million ($50 million).


Palmer agreed a seven-year contract with Chelsea, who have a club option of a further 12 month extension and could pay City an extra £2.5 million in add-on clauses.


City were keen to keep Palmer, but the size of Chelsea’s offer eventually persuaded them to cash in on a rising star who was keen for more regular first-team opportunities.


The 21-year-old could make his Chelsea debut in Saturday’s Premier League match against Nottingham Forest at Stamford Bridge.


“I’m excited to get started and it feels great to sign,” Palmer said.


“I’ve joined Chelsea because the project here sounds good and because of the platform I will have to try to showcase my talents. It is a young and hungry squad and, hopefully, we can do something special here.”


Palmer’s move to the Bridge takes Chelsea’s spending in the 16 months since Todd Boehly’s Clearlake Capital consortium bought the club to over £1billion.


He is the 12th player to be signed by Chelsea since the end of last season, with his arrival coming after Blues boss Mauricio Pochettino stated he was keen to sign another forward.

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