- False Reports: The CBN has labeled the reports as entirely false and not from the bank.
- Non-Existent Deputy Governor: The CBN denied the existence of a Deputy Governor, Dr. Ibrahim Tahir Jr., who was quoted in some versions of the rumor.
- No New Banknotes: The CBN has confirmed that it is not introducing new N5,000 and N10,000 banknotes.
- Official Website: The CBN emphasized that its official website ((link unavailable)) is the only reliable source of information, and any information not from this source should be disregarded .
The Central Bank of Nigeria (CBN) has officially debunked rumors about introducing new N5,000 and N10,000 banknotes. In a statement on X, the CBN clarified that the reports are entirely false and not from the bank .
The rumors claimed that the new banknotes were aimed at reducing cash-handling costs and improving liquidity management. Some versions even quoted a supposed Deputy Governor, Dr. Ibrahim Tahir Jr., stating that the notes would be introduced on May 1, 2025. However, the CBN has denied the existence of such a Deputy Governor.
To set the record straight, the CBN emphasized that its official website is (link unavailable), and any information not from this source should be disregarded.
