Beggars join Kwara traders to reject old naira notes

Date: 2023-01-27

Barely a few days before the deadline of January 31 set by the Central Bank of Nigeria for the deposit of old notes of the newly-redesigned naira denominations, traders across markets in Kwara State are rejecting old N200, N500 and N1,000.

According to findings by DAILY POST, some traders in Ilorin, the state capital, are refusing the old currencies as a medium of exchange due to the difficulty in depositing them in their various banks as directed by the Central Bank of Nigeria, CBN.

A fish merchant, Alhaja Dupe who spoke with DAILY POST said dealers from whom they buy their stocks in Yawiri, Tsaragi, Share and Gbugbu markets of Kwara State have started rejecting the old currencies.

The development, according to her, now left traders at a crossroads as most who travel from Ilorin to purchase their stock in faraway markets return empty-handed due to the rejection of their money which was in the old currencies.

She further complained that butchers and sellers of beef are not exempted from the current development.

This was confirmed by Moshood Ita-Adu, Chairman of Butchers Association at Akerebiata Abbatoir, along Sobi Road, who avowed that the development started a few days ago.

He said Fulani cattle dealers bluntly refused to accept old currencies, insisting on new notes.

Consequently, beef has become scarce and expensive in the state.

A meat seller, Iya Ayisat, also complained bitterly that the rejection of old naira notes by cattle dealers has caused a disruption to daily business.

Further findings by DAILY POST indicated that even street beggars in Ilorin have also started to reject offerings in old currency notes.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

FOMWAN     Ilorin Water Reticulation     Labaeka     Siddiq Adebayo Idowu Salawu     Oniyangi Kunle Sulaiman     Toyin Olayinka Tejidini     Bayo Mohammed Onimode     Sanusi Abubakar     Aisha Gobir     Jawondo     Kehinde Baale     Aisha Ahman-Pategi     Benin Republic     Saudat Abdulbaqi     Kwara State Fish Farmers Association     NYSC     Reuben Paraje     Gamji Members Association     Sulyman Age AbdulKareem     EndSARS     Taofeek Ibraheem     Abubakar Kawu Baraje     KWASSIP     Barakat Community Secondary School     Olateju Lukman     Federal Neuro-Psychiatric Hospital     Oyeyemi Olasumbo Florence     Kola Olota     Oyedepo     Shade Omoniyi     Ahman Pategi     Adamu Jemilat-Baki     Dapo Teni Nig Enterprise     Babatunde Ishola Babaita     Ayodele Kuburat Olaosebikan     Sidikat Akaje     Lanre Olosunde     Iqra Books     Leke Ogungbe     Elelu     Omoniyi Ayinla     Abdul-Rasheed Na\'Allah     Odolaye Aremu     Academic Staff Union Of Universities     Tanke Road     Tafida Of Ilorin     Royal FM     Ali Ahmad     Justina Oha     Abubakar Baba Sulaiman     Sanitation Exercise     Susan Modupe Oluwole     Osi     Federal Allocation     Pacify Labs     ER-KANG Mining     Government High School Adeta     Ilorin Talaka Parapo (ITP)     Agbarere     Saba Jibril     Omoniyi     Quareeb     Ita-Ore     Abdulrahman Abdulrasaq     Rafiu Olasile     Baba-Isale     Abdulquawiy Olododo     Ishak Mohammed Sabi     Ganmo Power Sub-Station     Elerin Of Adanla     Ayinde Oki     Olomu     Mutawali     Oluwatoyin Lukman     Elerinjare-Ibobo     Kwara Consultative Forum     Ayekale    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Yusuf Amuda Gobir     All Confederation Of Principals Of Secondary Schools     Mary Kemi Adeosun     Albert Ogunsola     Oluronke Adeyemi     Muslim Media Watch Group Of Nigeria     Soffiyyallah Kamaldeen     Awoye     Theophilus Oyebiyi     Kwara 2015     Umar Ahmed Gunu     Binta Abubakar-Mora     JAAC     Bola Tinubu     Ministry Of Women Affairs And Social Development     Savannah Centre For Diplomacy, Democracy And Development     Bamidele Adegoke     Sulaiman Gado     Aminat Omodara     Prince Bola Ajibola     Durbar Festival     Ahman Pategi University     Oba Mogaji Abdulkadir     Alanamu     Ilorin South Constituency     Isapa     Rex Olawoye     Saka Isau     Daud Adeshola     Toyin Olayinka Tejidini     Lithium     George Innih     Yusuf Aiyedun     Olabode George Towoju     Tafida Of Kaiama     Najim Yaasin     Toyin Abdullahi     Abubakar Suleiman     Paul Olawoore     Magaji Nda     Baba Idris     Ibrahim Sulu Gambari     Prince Sunday Fagbemi     Suleman Abubakar     Alabe     Aiyedun     Tsaragi     Transition Implementation Committee     Shola Odetundun     Hamid Bobboyi     Ibrahim Gambari     Adamu B. Yaqubu     Umar Gunu     Rachael Obisesan     Okanlawon Musa     Abdullahi Biffo     Egbewole     Fatima Abolore Jimoh     Christopher Odetunde     Sunset Workers     Ahmed \'Lateef     Folorunsho Erubu     Third Estate     Ubandoma     Ilorin Anchor Men And Women     Abubakar Abdulraheem     Oro Grammar School     Ita-Ore     IsDB     Kwara Primary Health Care Development Agency     Durosinlohun Atiku     Toyin Falola     Kayode Laro     Hamza Usman     Arik     Haliru Dantoro     Emmanuel Olatunji Adesoye