New Naira Notes: CBN speaks on bleaching allegations by the public
The Central Bank of Nigeria on Thursday, has debunked the news claiming the new naira note is bleaching.
The Branch Controller of the apex bank in Abeokuta, Wahab Oseni, who disclosed this while addressing market men and women and other members of the public, at Kuto Market in Abeokuta, said that the new naira note is authentic and not bleaching as widely speculated in the public.
Oseni insisted that the news that the redesigned currency is bleaching is untrue while urging Nigerians not to entertain any fear about the durability of the notes.
He hinted that the newly designed notes are more durable than the old ones.
The Controller assured that the security features on the redesigned note would make it impossible for the criminal elements to manipulate the mint.
He said “The new notes are durable. It is not the texture that determines the durability but the security features on it. Something could have a very high texture and not be durable. This one is more durable than the previous one.
“We have several security features on the notes that may not be understood by the populace. On the issue of fake notes, CBN did not print fake new naira notes and none of the naira notes is bleaching. The circulated notes by CBN are authentic and one of the reasons for redesigning.
Oseni assured that the masterminds behind the circulation of the fake and bleaching new naira notes would be brought to book by the Department of Security Service (DSS) and other security agents.
“The notes printed by CBN do not bleach but you cannot actually know the minds of these criminals the DSS and other intelligence agencies are working on bringing these criminal elements to book just as they have done in the past.
“The other ones that people claim are bleaching are the handiwork of criminal elements. We have told them how to detect the ones that are not authentic. How to discover that a note is not the central bank’s money is that when you put your finger on the golden feature on it, it will bleach immediately.”
Oseni equally expressed the determination of the CBN to maintain the January 31 deadline to phase out the old naira notes.
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Nigerian Govt reacts to emergence of Donald Trump as United States President
Nigerian Govt reacts to emergence of Donald Trump as United States President
In a bid to bolster international relations, the Nigerian government has reaffirmed its commitment to deepening ties with the United States, following the inauguration of President Donald Trump.
On Tuesday, the federal government extended its congratulations to the newly sworn-in US president, emphasizing the longstanding cooperation between the two nations.
The message, issued by Kimiebi Ebienfa, the spokesperson for Nigeria’s Ministry of Foreign Affairs, highlighted the areas where both countries have worked together for mutual benefit.
“Nigeria and the United States have maintained a productive partnership across various sectors, particularly in advancing good governance, promoting sustainable development, and combating terrorism and violent extremism,” the statement read.
“We look forward to enhancing this strong and historic relationship, ensuring that it continues to serve the interests of our people.”
As both nations seek to strengthen their strategic ties, the federal government remains optimistic about the future of this important international partnership.
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JUST IN; POS operators to increase charges on transactions
JUST IN; POS operators to increase charges on transactions
Point-of-Sale (POS) operators in Nigeria may soon increase service charges following the Federal Government’s approval of a 50% hike in telecommunications service tariffs.
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) disclosed this development, citing the impact of the tariff hike on their operations.
Ogungbayi Ganiyu, AMMBAN’s National Public Relations Officer, explained that mobile money agents rely heavily on telecom services, particularly data, for their transactions.
“The telecom tariff hike will impact the operations of our members. I am afraid this may also have a multiplier effect on service charges,” Ganiyu said.
He added that while POS operators may try to absorb the additional costs, the financial strain could eventually force them to increase charges to sustain their businesses. “We have not sat down and looked at the latest tariff hike,” he stated, indicating that further deliberations would determine the next steps.
The National Association of Telecoms Subscribers (NATCOMS) has already vowed to challenge the Federal Government in court over the steep tariff increase, which marks the first adjustment in telecom charges since 2013.
With telecom services being the backbone of POS operations, the new tariff hike could create widespread implications for mobile money agents and their customers nationwide.
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JUST IN; Saudi Arabia sponsors several Nigerians for Hajj
JUST IN; Saudi Arabia sponsors several Nigerians for Hajj
The Saudi Arabia embassy in Abuja has hosted a farewell ceremony for 20 Nigerians selected for the Custodian of the Two Holy Mosques’ Guests Programme for Umrah 2025.
A statement issued by the embassy in Abuja said the ceremony held under the leadership of Faisal Al-Ghamdi, the Saudi Ambassador to Nigeria.
It said the initiative highlighted Saudi Arabia’s commitment to supporting Muslims and fostering spiritual connections through pilgrimage.
The News Agency of Nigeria (NAN) reports that the programme, initiated by the Custodian of the Two Holy Mosques, King Salman Al Saud, provides Muslims the opportunity to undertake the lesser Hajj with full sponsorship.
The statement quoted the ambassador as thanking King Al Saud and the Crown Prince, Mohammed bin Salman, for their dedication to Islam’s holy sites.
He also praised their exceptional leadership in enhancing the services provided to pilgrims and ensuring that their journey to the sacred sites is both spiritually fulfilling and seamless.
“The Custodian of the Two Holy Mosques and the Crown Prince have prioritised the well-being of pilgrims, viewing it as a sacred duty and an immense honour.
” Through this programme and other initiatives, Saudi Arabia continues to strengthen bonds of brotherhood among Muslims while ensuring their comfort and safety during their spiritual journey,” he said.
Al-Ghamdi, according to the statement, said the country had invested over 100 billion dollars in the recent expansion and modernisation of the two holy mosques.
According to him, these ambitious projects, encompassing state-of-the-art infrastructure, advanced crowd management systems and cutting-edge technology, reflect Saudi Arabia’s commitment to accommodating the increasing number of pilgrims.
He added that Saudi Arabia was sparing no effort in mobilising resources to improve pilgrimage experience for all Muslims.
Al-Ghamdi also emphasised the importance of adhering to the country ‘s laws and regulations, designed to maintain order and ensure the safety and comfort of all pilgrims.
“The leadership of Saudi Arabia remains fully committed to serving the guests of God.
” This is a responsibility we hold dear, and we continuously strive to enhance the spiritual and logistical aspects of the pilgrimage experience,” he said.
Guests at the occasion expressed appreciation for the opportunity made available through the sponsorship initiative.
NAN reports that the programme provides pilgrims with the opportunity to perform the lesser Hajj, covering all costs, including travel, accommodation and other logistics. (NAN)
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