The Central Bank of Nigeria (CBN) has clarified that the standard ₦100 banknote remains legal tender and must continue to be accepted for all transactions across the country.

In a press statement issued on Wednesday, July 8, 2026, the apex bank said its attention had been drawn to reports that some individuals, businesses and other stakeholders were rejecting the standard ₦100 note over concerns about its legal status.

The CBN dismissed the reports, stressing that both the standard ₦100 banknote and the commemorative ₦100 banknote remain valid legal tender in Nigeria.

According to the bank, the commemorative ₦100 note, which was introduced to mark Nigeria’s centenary, did not replace the existing standard ₦100 banknote.

The apex bank emphasized that both versions of the ₦100 note are recognised for use in all financial transactions across the country.

The CBN warned businesses, financial institutions and other economic agents against refusing to accept the standard ₦100 banknote.

It stated that rejecting the note constitutes a violation of the provisions of the CBN Act and undermines public confidence in the national currency.

The bank added that it would not hesitate to apply appropriate enforcement measures against any individual or organisation found violating the law.

Reaffirming its commitment to protecting the integrity of the naira, the CBN said it remains focused on ensuring confidence in all duly issued banknotes and promoting the smooth circulation of currency nationwide.

The apex bank therefore urged members of the public to accept and transact with all banknotes legally issued by the Central Bank of Nigeria.

For further enquiries or clarification, the CBN advised Nigerians to contact the bank through its official communication channels.

The statement was signed by Hakama Sidi Ali (Mrs.), Acting Director of Corporate Communications, and dated July 8, 2026.