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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TCN ASSURES NORTHERN NORTHERN NIGERIA OF SWIFT POWER RESTORATION AMID SECURITY CHALLENGES. (PHOTO).

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 TCN Assures Northern Nigeria of Swift Power Restoration Amid Security Challenges


The Transmission Company of Nigeria (TCN) has addressed reports of an indefinite power outage in parts of Northern Nigeria, clarifying that efforts are actively underway to restore bulk power supply despite serious security challenges. 


The outage, which has affected several states, was caused by the vandalism of the Shiroro-Kaduna transmission line by insurgents.


During a recent public hearing by the Nigerian Electricity Regulatory Commission (NERC), TCN’s Executive Director for Independent System Operations, Engr. (Mrs.) Nafisatu Ali, highlighted that TCN has engaged with the Office of the National Security Adviser to ensure adequate security support for its engineers working on the ground. 


“Deploying engineers without security support is not feasible given the risks in the region,” she explained, assuring the public that TCN is dedicated to restoring power as soon as possible and that suggestions of an indefinite outage are inaccurate.


To mitigate the impact, TCN had temporarily rerouted power through the Ugwuaji-Apir 330kV line; however, this line also recently experienced a fault. 

Engr. Ali emphasized that TCN remains committed to overcoming these challenges.


The company reassured residents of Northern Nigeria of its commitment to resolving the outage quickly, understanding the essential role electricity plays in the lives of Nigerians. 


TCN promised that no effort will be spared in addressing the situation, in collaboration with security agencies, to restore power and alleviate the hardships faced by affected communities.

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