The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard ₦100 banknote, reaffirming that it remains legal tender across the country.

In a statement, the apex bank stressed that all denominations of the naira issued by the CBN remain valid for transactions unless officially withdrawn from circulation.

It warned that refusing to accept the standard ₦100 note constitutes a violation of the law and could attract sanctions under the provisions of the CBN Act.

The bank urged Nigerians, including traders, transport operators, retailers and other business owners, to accept the banknote for all legitimate transactions, emphasising that it has not issued any directive withdrawing the standard ₦100 note from circulation.

The CBN also called on financial institutions to educate their customers on the status of the banknote and ensure compliance with existing regulations.

The apex bank reiterated its commitment to maintaining public confidence in the naira and ensuring the smooth circulation of legal tender across the country.