The Central Bank of Nigeria (CBN) has clarified that the standard ₦100 banknote remains legal tender and warned that rejecting it could lead to enforcement measures.

This comes after reports of traders and businesses mistakenly rejecting the old note, thinking it was replaced by the commemorative version introduced in 2014.The CBN emphasized that both the standard and commemorative notes are valid for transactions nationwide.The bank stressed that rejecting the standard note violates the CBN Act and undermines public confidence in the naira.It urged Nigerians to ignore rumors and continue accepting all valid banknotes issued by the CBN.The clarification aims to address confusion and ensure the continued acceptance of the standard note, which is crucial for economic stability.The CBN also warned that violators could face sanctions under the law, though specific penalties were not detailed.This reaffirms the bank's commitment to maintaining confidence in the naira and ensuring smooth financial transactions across the country.