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...

WAR IN UKRAINE BOOSTS DEPRESSED RUSSIAN AS VLADIMIR PUTIN ANNOUNCED HIS CANDIDACY FOR A 5TH PRESIDENTIAL TERN.(PHOTO).



War in Ukraine boosts depressed Russian regions amid defence sector boom
The Kremlin appears to be preparing for a long, drawn-out war in Ukraine by boosting defence spending by 70 percent next year, a move that promises to benefit depressed Russian regions and sectors related to the war effort

During a highly choreographed awards ceremony for army personnel in the gilded St George’s Hall at the Kremlin, Russian President Vladimir Putin announced his candidacy for a fifth presidential term in the 2024 elections.

The announcement came as Russia's full-scale invasion in Ukraine approaches its second anniversary.

“They (the Russian government) initially expected this war to be short,” said Andrei Yakovlev, an economist from the Davis Center for Russian and Eurasian Studies at Harvard University.

 

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