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CBN warns against rejection of standard N100 note, reaffirms legal tender status

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CBN warns against rejection of standard N100 note, reaffirms legal tender status

09 Jul, 2026

The Central Bank of Nigeria (CBN) has cautioned individuals, businesses and financial institutions against rejecting the standard N100 banknote, reaffirming that both the standard and commemorative versions remain valid legal tender and must be accepted for transactions across the country. The clarification followed reports that some members of the public and businesses had been refusing to accept the standard N100 note over uncertainty surrounding its legal tender status... .............................READ MORE