The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender and must be accepted for all transactions across the country.
The clarification follows reports that some individuals and businesses have been rejecting the note over concerns about its validity.
In a statement, the CBN explained that the commemorative ₦100 note, introduced to mark Nigeria’s centenary, did not replace the standard ₦100 note, stressing that both versions remain valid for use.
The apex bank warned that rejecting the standard ₦100 note is a violation of the CBN Act and undermines public confidence in the national currency.
The Bank also cautioned that appropriate enforcement measures will be taken against any individual, business or institution found refusing to accept the note.
The CBN urged Nigerians to continue accepting and using all banknotes legally issued by the Bank, reaffirming its commitment to maintaining the integrity of the naira and ensuring smooth currency circulation nationwide.
