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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NEW SOUTH AFRICAN PARLIAMENT TO MEET FRIDAY. (PHOTO).

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 New South African parliament to meet Friday


South Africa's newly elected parliament will convene on Friday, the office of the chief justice said on Monday, adding to the sense of urgency for political parties to form a governing alliance after none of them won a majority of seats.


The constitution says that a newly elected parliament must convene within two weeks of election results being announced.


At the first sitting, which will take place at a convention centre in Cape Town, Chief Justice Raymond Zondo will oversee the swearing-in of the newly elected or reelected members of the National Assembly.


He will then preside over the election of the chamber's speaker, who will in turn oversee the election of the deputy speaker. Zondo will then preside over the election by lawmakers of the country's president.

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