THUR JULY 09 2026-theGBJournal| The Central Bank of Nigeria (CBN) on Wednesday said the standard ₦100 banknote remains legal tender after reports emerged that some members of the public and businesses had begun rejecting the note over concerns that it was no longer valid for transactions.
Ina statement signed by Ag. Director, Corporate Communications, Hakama Sidi-Ali (Mrs.), the apex bank reiterated that both the commemorative ₦100 banknote and the standard ₦100 banknote remain legal tender in Nigeria and must be accepted for all transactions nationwide.
”The commemorative ₦100 banknote, which was introduced to mark Nigeria’s centenary, did not replace the existing standard N100 banknote,” it adds.
The CBN cautioned individuals, businesses, financial institutions, and other economic agents strongly against rejecting the standard ₦100 banknote. Such rejection constitutes a violation of the provisions of the CBN Act and undermines confidence in the national currency.
The Bank said it will not hesitate to apply appropriate enforcement measures against any person or entity found to be in breach, and adds that it remains committed to safeguarding the integrity of the Naira, ensuring confidence in all duly issued banknotes, and promoting smooth currency circulation across the country.
”Accordingly, members of the public are urged to accept and transact with all banknotes legally issued by the Central Bank of Nigeria,” the CBN urged.
For further clarification, members of the public are also advised to contact the CBN through its official communication channels.
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