The Central Bank of Nigeria (CBN) has reiterated that all denominations of naira note it issued remain legal tender and should be accepted as a means of payment for goods and services.

The CBN, in a statement by its Director of Corporate Communications, Dr ISA ABDULMUMIN urged the public to accept all naira notes in circulation and refrain from engaging in panic withdrawals.

The CBN further directed its branches across the country to continue issuing adequate quantities of old and redesigned naira notes to Deposit Money Banks for onward circulation to bank customers.

The apex bank said this measure is to guarantee that there is sufficient cash in circulation to meet the needs of the economy.

The bank emphasised that there is no shortage of cash, and it is committed to ensuring the smooth operation of the payment system.

The CBN assured the public that it will continue to take all necessary measures to maintain the stability of the naira and the integrity of the Nigerian payment system.