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The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 banknote remain legal tender and must be accepted for all transactions across the country.
The clarification was contained in a statement issued by the CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali.
According to the apex bank, the statement became necessary following reports that some members of the public, businesses, and other stakeholders have been rejecting the standard ₦100 note due to uncertainty over its legal tender status.
The CBN stressed that the commemorative ₦100 banknote, introduced to mark Nigeria’s centenary celebration, did not replace the existing standard ₦100 banknote.
