The Central Bank of Nigeria (CBN) has officially debunked viral social media rumors claiming that the old N100 banknotes are being phased out or rejected as legal tender. In a clarifying statement aimed at traders, banking institutions, and the general public, the apex bank confirmed that all existing denominations remain fully valid for daily commercial transactions. The CBN urged Nigerians to disregard the false financial reports and report any merchants or commercial banks refusing to accept the currency notes.
