CBN REAFFIRMS ₦100 BANKNOTE AS LEGAL TENDER, WARNS AGAINST REJECTION
The Central Bank of Nigeria (CBN) has reaffirmed that both the standard ₦100 banknote and the commemorative ₦100 note remain legal tender, warning that rejecting either note is a violation of the law and undermines confidence in the nation's currency.
The clarification is contained in a statement signed by Hakama Sidi-Ali (Mrs.), Acting Director of Corporate Communications, who said the apex bank had received reports that some individuals, businesses, and financial institutions were rejecting the standard ₦100 banknote over doubts about its legal tender status.
The CBN explained that the commemorative ₦100 banknote, introduced to mark Nigeria's centenary, did not replace the existing standard ₦100 note, stressing that both banknotes remain valid for all transactions across the country.
The Bank warned that any individual, business, or financial institution that refuses to accept the notes risks enforcement actions, as such conduct contravenes the provisions of the CBN Act.
The apex bank reiterated its commitment to safeguarding the integrity of the naira and ensuring the smooth circulation of all duly issued banknotes.
The CBN therefore urged members of the public to freely accept and transact with all CBN-issued banknotes and advised anyone seeking further clarification to contact the Bank through its official communication channels.
Skimeh acts like he single-handedly controls Oyo federal constituency and seems he is planning to stay there for more than 20 terms
He can’t contest for any other post cos no one will vote him in
The worst rep ever from Oyo federal constituency and arguably on top 3 worst rep from Oyo state ever
All he does is following Akin Alabi everywhere
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LASU RETAINS POSITION AS NIGERIA’S UNIVERSITY OF FIRST CHOICE; EMERGES NATION’S MOST SUBSCRIBED UNIVERSITY IN 2026 JAMB ADMISSION EXERCISE WITH OVER 84,000 APPLICANTS
Lagos State University (LASU) has once again reaffirmed its status as Nigeria’s University of First Choice, emerging for the second consecutive year as the most subscribed university in the country for the 2026 admission year, according to the latest Unified Tertiary Matriculation Examination (UTME) Application Statistics by Institution released by the Joint Admissions and Matriculation Board (JAMB).
The university recorded an impressive 84,326 first-choice applications, maintaining its position at the summit of the national admission table ahead of two leading federal universities - the University of Lagos, which recorded 78,240 applications, and Obafemi Awolowo University, Ile-Ife, with 60,370 applications, ranking second and third respectively.
The remarkable feat was formally announced on Monday, 11th May 2026, during the ongoing 2026 JAMB Policy Meeting on Admissions held in Abuja.
LASU’s continued dominance in national subscription statistics reflects the growing confidence of Nigerian students, and parents in the university’s academic excellence, stability, innovation, and student-focused administration. Over the years, the institution has steadily transformed into one of the most sought-after universities in the country through strategic investments in teaching, research, infrastructure, digital innovation, and global competitiveness.
The university’s upward trajectory has been particularly noteworthy. From ranking outside the top ten most subscribed universities in Nigeria before 2023, LASU rose to third position in 2023 with over 55,000 applicants, climbed to second position in 2024 with 62,601 applicants, and emerged number one in 2025 with over 70,000 applications. The 2026 record of 84,326 applications further consolidates the institution’s place as one of the fastest-rising universities in Africa.
Speaking on the development, the Vice-Chancellor, Distinguished Professor Ibiyemi Ibilola Olatunji-Bello, mni, NPOM, expressed profound appreciation to the Lagos State Government for providing the leadership to keep the university in pride of place. She also praised all stakeholders, particularly staff and students working with her administration to consistently strengthen the university’s reputation nationally and internationally.
She noted that the achievement is a strong validation of the administration’s vision to position LASU as a globally competitive institution driven by excellence, innovation, integrity, and impactful scholarship while reaffirming the university’s commitment to sustaining the highest standards in teaching, research, community service, and human capital development.
Distinguished Professor Olatunji-Bello further assured prospective students that Lagos State University would continue to provide a conducive academic environment, industry-relevant programmes, and a transformative educational experience capable of preparing graduates for leadership and success in a rapidly evolving global society.
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PUBLIC ANNOUNCEMENT
This is to inform the public that Kwara State University, Malete, will discontinue its Top Up/HND Conversion programme from the 2025/2026 academic session.
This discontinuation is in compliance with the regulations of the National Universities Commission (NUC), the regulatory body for all universities in Nigeria.
The NUC will also give directives on the status of students already enrolled on the programme in KWASU in due course.
Kwara State University, Malete, is firmly committed to ethical standards and abides by all the policies of the regulatory body.
Dr. Kikelomo W. Sallee
Registrar