The Central Bank of Nigeria (CBN) has reaffirmed that the standard ₦100 banknote remains legal tender in Nigeria and must be accepted for all transactions nationwide.
In a statement issued on Tuesday, July 8, 2026, the acting Director, Corporate Communications of the apex bank, Hakama Sidi-Ali said it had become aware of reports that some members of the public, businesses and other stakeholders were rejecting the note amid doubts about its continued legal status.
“For the avoidance of doubt,” the CBN said, “both the commemorative ₦100 banknote and the standard ₦100 banknote remain legal tender in Nigeria and must be accepted for all transactions nationwide.”
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The bank explained that the commemorative ₦100 note, introduced to mark Nigeria’s centenary, did not replace the existing standard ₦100 banknote.
It warned that rejecting the standard note amounts to a violation of the provisions of the CBN Act and undermines confidence in the national currency.
“The Bank will not hesitate to apply appropriate enforcement measures against any person or entity found to be in breach,” the statement added.
The CBN said 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.
It urged members of the public to accept and transact with all banknotes legally issued by the Central Bank of Nigeria and advised anyone seeking clarification to contact the bank through its official communication channels.
