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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WOMEN AFFAIRS MINISTRY TO PARTNER SMEDAN FOR INCLUSIVE GROWTH OF FEMALE ENTREPRENEURS IN THE COUNTRY.(PHOTO).#PRESS RELEASE

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 PRESS RELEASE 


WOMEN AFFAIRS MINISTRY TO PARTNER SMEDAN FOR INCLUSIVE  GROWTH OF FEMALE ENTREPRENEURS IN THE COUNTRY



The Ministry of Women Affairs has expressed its readiness to partner with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), with a view to ensuring inclusive growth of   female enterprenuers in the country


The Honourable Minister of Women Affairs, Barrister (Mrs) Uju Kennedy-Ohanenye made the disclosure during the Launching of a Desk for Women and Youth Empowerment by SMEDAN for targeted programmes and inclusive measures aimed at empowering women for the socio-economic development of the country


The Minister stated that launching a Desk equipped with modern tools for women empowerment is apt, as it will not only ensure that the gender gets first-hand attention in the area of skill acquisition but also make room for the emergence of more female enterprenuers thus leading to self reliance and employability


She added that on its part, the Ministry will work towards ensuring the profitable marketing of the end products of the enterprenuers by linking SMEDAN with its E-portal platform which is meant to serve as a one-stop-shop for all stakeholders in her product sale scheme


While describing women as investment multipliers and key drivers of prosperity in every given nation, Barrister Kennedy-Ohanenye added that the desk will further facilitate the stimulation, monitoring and coordination of women into being employers of labour, thus promoting the setting up of more cottage industries in the country


She commended the Agency for making conscious efforts to prioritize youth, women and the vulnerable in the society in its empowerment initiatives in line with the policy thrust of the present Administration 


Earlier, the Director-General, 

Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr. Charles Odii stated that the newly launched Desk will focus on training and facilitation of capital for trainees while also creating avenues for market accessibility 


While expressing SMEDAN's willingness to continue to partner with other relevant Agencies in order to drive the policy initiatives of government, Mr. Odii thanked the Honourable Minister of Women Affairs, Barrister (Mrs) Uju Kennedy-Ohanenye as well as Management and Staff of the Ministry, for their dogged determination in ensuring the full implementation of the policies, initiatives and programmes of the Federal Government, in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration


Mrs Grace Njoku

Head, Press & Public Relations 

January 16, 2024

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