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.

Senior Ibrahim Suleiman     Iyiola Oyedepo     Soffiyyallah Kamaldeen     Durosinlohun Atiku     Sabo-Oke     Oba Sulaiman Asude     Sheikh Ridhwanullah El-ilory     SSA Youth Engagement     Abdulrahman Abdulrasak     Saka Asiat Ayinke     Tunde Yusuf     Abdulraheem Yusuf     Agboola Babatunde     NFAI     KFA     Kamaldeen Ajibade     Modibbo Kawu     Hassan Abdulazeez Elewu     Budo-Egba     Elerinjare     Garba Ado Sanni     Photo News     Federal Polytechnic Offa     Kanu Agabi     Albert Ogunsola     Madawaki     Kwara State Pension Board     Ilorin West     John Olajide Adedipe     Metro Park     Maimunat Oniyangi     Yahaya Seriki Gambari     Kayode Zubair     Muritala Awodun     NAWOJ     Communication Network Support Services     Fatai Adeniyi Garba     Alikinla     Aisha Abodunrin Ibrahim     Alabi Olayemi Abdulrazak     Sobi Hill     Makama Of Kaiama     Olaiya Zuberu     Abdulquowiyu Olododo     Ajibike Katibi     Facemasks     Isiaq Khadeejah     Henry Olaosebikan     Shonga     Oyawoye     Okin Biscuit     Kwara State Internal Revenue Service     Aminu Ado Bayero     Abdulrahman Abdulrazaq     Gamji Members Association     Olatunde Jare     JAMB     Amos Bajeh     Sheikh Hamzat Yusuf Ariyibi     Ajase-Ipo     Seni Saraki     Olabimpe Olani     International Public Sector Accounting Standards     Gurei     Olokoba Sulyman     Apaola     Ophthalmological Society Of Nigeria     Dapo Teni Nig Enterprise     SARS     Kisra     Academic Staff Union Of Universities     Saliu Ajia     NSCIA     Mutawali Of Ilorin     KWSIEC     Abdulfatai Salman Baakini     Mubarak Oladosu    

Cloud Tag: What's trending

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

Abdulrahman Onikijipa     Modibbo Kawu     Garba Ado Sanni     Shehu Adaramaja     Colleges Of Education Academic Staff Union     Abubakar Kawu Baraje     Lawal Olohungbebe     Ambassador Kayode Laro     Sodiya     Pategi     Mohammed Katsina Ahmed     Sulyman Age AbdulKareem     Laolu Saraki     TIC     Toun Okewale-Sonaiya     Adekunle David Dunmade     Forgo Battery     Harafat E. Mukadam     Raheem Adaramaja     Mumini Ishola Hanafi     Ilesha-Baruba-Gwanara     Yusuf Abdulraheem     Jani Ibrahim     2017 Budget     Yusuf Babatunde Abdulwahab     Kale Ayo     Lateef Alagbonsi     Mufti Of Ilorin     Fatimat Saliu     SAPZ Project     Adijat Adebiyi     Mutawali Of Ilorin     Charcoal     Oloruntoyosi Thomas     Overland     Ishaq Abdulkarim     Garuba Alikinla Shittu     Saliu Ajibola Ajia     EndSARS     John Mayokun Dada     Alapansapa     Wale Oladepo     Pacify Labs     Barakat Community Secondary School     Bond     Haliru Yahaya     Kwara State University Of Education     Bello Abubakar     IYA ALFA NLA     Moshood Bakare     Hamid Bobboyi     Isin     Mamman Saba Jibril     Okiki     Isiaka Alikinla     Ajibike Katibi     Universal Basic Education Commission     Habeeb Abdullahi Al-Ilory     Baboko     Gobirawa     Abdulahi Abubakar Bata     Pakata Development Association     Odolaye Aremu     Salake     Emir Of Kano     Toyin Olayinka Tejidini     Bature Bello     Ibrahim Taiwo     Titus Suberu-Ajibola     Computer Based Test     Ayo Salami     Kwarareports     Ibrahim Taiwo Road     Kaiama     Buari Edun     Bibire Ajape     Amuda Bembe