The Central Bank of Nigeria (CBN) has cautioned the public, businesses, and financial institutions against rejecting the standard ₦100 banknote, stressing that it remains legal tender alongside the commemorative ₦100 note.
The warning followed reports of confusion over the note’s validity, with some individuals and businesses refusing to accept it.
In a statement issued Wednesday by Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank clarified that both the standard and commemorative ₦100 notes are valid for transactions nationwide.
“For the avoidance of doubt, the CBN hereby reiterates 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 statement read.
The commemorative ₦100 note was introduced in 2014 to mark Nigeria’s centenary but was never intended to replace the standard version.
The CBN warned that rejecting the standard ₦100 note violates the provisions of the CBN Act and undermines
