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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FUEL PUMP PRICE HIKE: COMMERCIAL TRANSPORTERS DOWN TOOLS IN ILORIN. (PHOTO).

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 Fuel Pump Price Hike: Commercial transporters down tools in Ilorin


Commercial transporters in Ilorin, Kwara State capital on Thursday stopped operations to protest the high cost of petrol for their business.


Okada riders, tricyclists and other intra-city commercial transporters were forced off the road by their aggrieved members who complained bitterly about the high cost of fuel.


Passengers on Okada and tricycles were forcefully disembarked and made to trek.


Fuel in the state capital now cost between N1,100 and N1,200 per litre against the official price of N895 announced by the NNPC.


The action of the aggrieved transporters which started at about 7:00 am, forced some filling stations in Ilorin to stop sales due to the fear that their facilities could be attacked and razed down.


As a result of the development, many commuters who were stranded had to trek some kilometers to their destinations but private motorists were allowed free movement.


Some owners of commercial shops in the state capital also closed for business to prevent looting if the situation escalates.


Efforts to reach the spokesperson of the state Police Command, DSP Ejire Adeyemi Toun, were not successful at the time of filing this report.

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