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CBN finally speaks on release of new N5,000, N10,000 notes, declares highest FX reserves in 3 years

Summary by Legit.ng - Nigeria News.

The Central Bank of Nigeria (CBN) has described as untrue the purported release of N5,000 and N10,000 banknotes, saying the report was not from the bank.

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African Examiner

CBN Refutes Claims Of Introducing ₦5,000, ₦10,000 Notes

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) on Thursday refuted claims that it has introduced ₦5,000 and ₦10,000 banknotes, saying the reports circulating are false. In a statement on its official handle on X (formerly Twitter), the apex bank disclosed that the viral circular is “fake” and tasked Nigerians to stick to its […] The post CBN Refutes Claims Of Introducing ₦5,000, ₦10,000 Notes first appeared on African Examiner.

15 hours ago

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Business Elites Africa

Are ₦5,000 and ₦10,000 Notes Coming to Nigeria?

There are rumors surfaced claiming that the Central Bank of Nigeria (CBN) was set to introduce new banknotes in denominations of ₦5,000 and ₦10,000. The rumors quickly spread across social media and messaging platforms like WhatsApp, sparking widespread speculation. However, the CBN has swiftly responded, dismissing these reports as entirely false. The circulating document, which suggested … The post Are ₦5,000 and ₦10,000 Notes Coming to Nigeri…

16 hours ago

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Business247News

CBN debunks introduction of N5,000, N10,000 banknote rumoure

• says it’s report fake The Central Bank of Nigeria (CBN) has debunked claims that it introduced N5,000 and N10,000

17 hours ago

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GistReel

“We are not introducing ₦5,000 and ₦10,000 notes” - CBN denies viral circular

CBN has debunked a circular circulating, which claimed that the bank was set to introduce two new denominations – ₦5,000 and ₦10,000 notes.

17 hours ago

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TheSightNews

CBN Clears Air On ‘New’ ₦5,000, ₦10,000 Banknotes

By Gabriel Ameh, The Sight News The Central Bank of Nigeria (CBN) has dismissed claims that it has introduced new ₦5,000 and ₦10,000 banknotes, labeling the reports as false and misleading. The clarification follows widespread misinformation suggesting that the apex bank had unveiled high-denomination notes to enhance cash transactions and reduce handling costs. Some reports had alleged that a supposed CBN Deputy Governor, Dr. Ibrahim Tahir Jr.,…

20 hours ago

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Legit.ng - Nigeria news.

CBN finally speaks on release of new N5,000, N10,000 notes, declares highest FX reserves in 3 years

The Central Bank of Nigeria (CBN) has described as untrue the purported release of N5,000 and N10,000 banknotes, saying the report was not from the bank.

20 hours ago·Ikeja, Nigeria

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