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HomeBankingCBN Denies Reports of New ₦5,000, ₦10,000 Notes

CBN Denies Reports of New ₦5,000, ₦10,000 Notes

A combined picture of CBN logo and fake contents of 5000 and 10000 notes

 

 

By Victory Oghene

The Central Bank of Nigeria (CBN) has refuted claims that it has introduced new ₦5,000 and ₦10,000 notes, describing the reports as fake news

This comes after widespread misinformation suggested that the apex bank had unveiled the high-denomination banknotes to enhance cash transactions.

According to the reports, the CBN was set to introduce the new notes to reduce cash-handling costs and improve liquidity management.

Some of these claims even attributed statements to a supposed Deputy Governor, Dr Ibrahim Tahir Jr., regarding the rollout of the notes from May 1, 2025.

However, the CBN has denied these reports, stating: “This content is NOT from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng.”

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