{"id":63722,"date":"2025-04-03T12:17:18","date_gmt":"2025-04-03T12:17:18","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=63722"},"modified":"2025-04-04T06:00:38","modified_gmt":"2025-04-04T06:00:38","slug":"cbn-dismisses-report-on-new-five-thousand-and-ten-thousand-naira-notes","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/04\/03\/cbn-dismisses-report-on-new-five-thousand-and-ten-thousand-naira-notes\/","title":{"rendered":"CBN Dismisses Report on New 5,000, 10,000 Naira Notes"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>The Central Bank of Nigeria has denied claims that it is introducing new five thousand and ten thousand naira banknotes, dismissing a widely circulated document as fake.<\/p>\n<p>In a statement on its verified X account, the apex bank debunked the report, which had spread rapidly on platforms like WhatsApp.<\/p>\n<p>The false circular, which bore the name of Deputy Governor Dr. Ibrahim Tahir Jr., claimed the new notes would be released on May 1 to improve cash transactions and lower handling costs.<\/p>\n<p>The CBN urged the public to disregard the information and rely only on its official website, cbn.gov.ng, for authentic updates.<\/p>\n<p>This comes amid lingering concerns over Nigeria\u2019s currency system following the controversial redesign of two hundred, five hundred, and one thousand naira notes in 2023.<\/p>\n<p>That move sparked fears of counterfeiting, particularly with higher denominations.<\/p>\n<p>Hakama Ali, Acting Director of Corporate Communications at the CBN, reiterated that counterfeiting is a serious crime punishable by up to five years in prison.<\/p>\n<p>The bank assured Nigerians that it remains committed to safeguarding the integrity of the national currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal The Central Bank of Nigeria has denied claims that it is introducing new five thousand and ten thousand naira banknotes, dismissing a widely circulated document as fake. In a statement on its verified X account, the apex bank debunked the report, which had spread rapidly on platforms like WhatsApp. The false circular, [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":63723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[59],"class_list":["post-63722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/63722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=63722"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/63722\/revisions"}],"predecessor-version":[{"id":63751,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/63722\/revisions\/63751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/63723"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=63722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=63722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=63722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}