• Warns rejection violates CBN Act, undermines confidence in national currency
James Emejo in Abuja
Central Bank of Nigeria (CBN), yesterday, reaffirmed that the standard N100 banknote remained legal tender across the country.
CBN warned that individuals and businesses rejecting the note were acting in breach of the law.
The clarification came against the backdrop of reports that the currency denomination was being rejected by some members of the public, businesses, and other stakeholders, apparently due to doubts about its continued legal tender status.
