₦airaland Forum

The attention of the Central Bank of Nigeria (CBN) has been drawn to reports of the rejection of the standard ₦100 banknote by some members of the public, businesses, and other stakeholders, apparently due to doubts about its continued legal tender status.

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

The CBN strongly cautions individuals, businesses, financial institutions, and other economic agents 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 will not hesitate to apply appropriate enforcement measures against any person or entity found to be in breach.

The Bank 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.

For further clarification, members of the public are also advised to contact the CBN through its official communication channels.



July 8, 2026

Hakama Sidi Ali (Mrs.)


Ag. Director, Corporate Communications

Titopeblog:
Central Bank of Nigeria

Press Statement

CBN Clarifies Legal Tender Status of ₦100 Banknotes

The attention of the Central Bank of Nigeria (CBN) has been drawn to reports of the rejection of the standard ₦100 banknote by some members of the public, businesses, and other stakeholders, apparently due to doubts about its continued legal tender status.

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

The CBN strongly cautions individuals, businesses, financial institutions, and other economic agents 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 will not hesitate to apply appropriate enforcement measures against any person or entity found to be in breach.

The Bank 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.

For further clarification, members of the public are also advised to contact the CBN through its official communication channels.



July 8, 2026

Hakama Sidi Ali (Mrs.)


Ag. Director, Corporate Communications

https://www.titopeblog.com/2026/07/cbn-clarifies-legal-tender-status-of.html


Lukuluku69
SlavaUkraini
Mynd44
Seun
Nlfpmod
Lalasticlala

FriendsAndFans:
Can't remember when last I saw that currency.
I have a 10 naira note here. It can't buy anything

FriendsAndFans:
Can't remember when last I saw that currency.
I have a 10 naira note here. It can't buy anything

FriendsAndFans:
Can't remember when last I saw that currency.
I have a 10 naira note here. It can't buy anything

FriendsAndFans:
Can't remember when last I saw that currency.
I have a 10 naira note here. It can't buy anything

Amovingman:
Sell it for me please 🙏🏿 🤲🏿 { drop your phone number to reach out to you

Onucs:
Oh 100 naira note still dey?

FriendsAndFans:
Can't remember when last I saw that currency.
I have a 10 naira note here. It can't buy anything

OlujobaSamuel:
This circular should have come with an image of both notes so people might know. They should also put it across banks entrance and ATM stands for awareness.
@Seun why is your mods and spam banning me for repeating a word someone used against me, but the person isn't banned for same.
Someone used the word sic* and I repeated it exactly same way, but I was banned

johnpablo541:
I started seeing the old 100 naira note again. And I noticed they were printed in 2026. I even thought they were fake.

Mattswaggz:
See am for here...some people been day reject am hence the circular.

Onucs:
Oh 100 naira note still dey?

Julibet:
Nigerians are part of the reason why the lesser currencies are no longer useful. Now, we increase prices of small goods in 100s not even 50s again. People like transporters do this a lot, that's why the lesser currencies are no longer useful anymore.

Filling stations sell products in multiples of 10s but they will never give you change in small currency, rather, they will round it up even if you're paying with POS. It's crazy.