The Abuja Times

CBN Denounces $46 Billion Grant Approval as Fake News

The Central Bank of Nigeria has officially refuted claims of a $46 billion grant approval, labeling the document as fraudulent. The apex bank urged the public to remain vigilant against misleading information circulating on social media.

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The Abuja Times

Thu, 10 Sept 2026• 1 min read
CBN Denounces $46 Billion Grant Approval as Fake News
CBN Denounces $46 Billion Grant Approval as Fake News — The Abuja Times Newsroom

The Central Bank of Nigeria (CBN) has taken a firm stance against misinformation, disavowing a purported document that claims to announce a $46 billion grant approval. In a recent post on X, the CBN emphasized that the content in question is 'FAKE' and advised the public to exercise caution when encountering such misleading claims.

This assertion comes in light of increasing instances of false information regarding financial matters, particularly on social media platforms. The CBN's proactive approach aims to safeguard the integrity of financial communications and maintain public trust in the nation’s banking system.

The CBN stated, "This content is FAKE. Let the public be guided," highlighting the necessity for vigilance among citizens against the spread of unverified information.

As the apex bank continues to navigate a complex economic landscape, it remains committed to transparency and accountability. The CBN's swift response to this debunked approval underscores its dedication to protecting the financial well-being of Nigerians and ensuring that accurate information prevails in financial discussions.

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