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.

Tsado Manman     Lukman Oyebanji Fagbemi     Bola Shagaya     Ibrahim Sulu Gambari     Kale Belgore     Durosinlohun Atiku     Valsolar-Kwara Company Limited     Tafida Of Kaiama     Afusat Nike Ibrahim     Www.Kwarareports.com     Oluwatoyin Lukman     Joana Nnazua Kolo     JUSUN     Kwara Liberation Group     Women For Change And Development Initiative     Ishaq Abdulkarim     Saka Abimbola Isau     Waheed Ibrahim     Javed Khan     Coronavirus     Oyun     Noah Yusuf     Sarah Alade     John Obuh     Bayo Ojo     NIPR     Muhammed Aliyu     Nnazua     Kwara Coalition Of Business And Professional Associations     Idowu Aremu     Chief Imam Of Lafiagi     Rebecca Bake     KWIRS     Ethical College     Jumoke F. Ajao     Yahaya A Paniyaro     New Model Police Station     IDPU     Oba Abdulrahim     Isaac Aderemi Kolawole     Young Progressives Party     Ilofa     Funmilayo Oniwa     Village Alive Development Association     Gamji Members Association     Senate Presidency     Yusuf Abdulraheem     Jide Ashonibare     Abdullahi Adisa Akodudu     Matthew Okedare     Kwara     Musa Abdullahi     Arandun     Oyelere Oyinloye     Eleja Taiwo Banu     Abdullahi Samari     Shoprite     Ajibola Ademola Julius     Eleyele     KwaraLearn     Razaq Ayobami Akanbi     Babaloja-General     Tinubu Legacy Forum     James Kolo     Abdulmajeed Abdullahi     Dauda Adesola     Alanamu     Sarakite     Ibrahim Abdullahi     Women Radio     Abubakar Ndakene     Ibrahim Taiwo     Freshvine Nigeria Limited     Obayomi Azeez     Ubandoma     Kola Bukoye     Folashade Omoniyi    

Cloud Tag: What's trending

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

College Of Arabic And Islamic Legal Studies     Oloruntoyosi Thomas     Kayode Zubair     Sam Okaula     Bashirat Bola Bello     Abdulsalam A. Yusuf     Kwara Pdp     Tafida Of Kaiama     Lanre Aremu     Yusuf Badmus     Ibrahim Abdulqadir Abikan     Tunde Saad     Ilorin Durbar     Bamikole Omishore     Buari Edun     Oniye     Jimoh Akani     Government House     Tsaragi/Share     Colleges Of Education Academic Staff Union     Amosa     Saidu Yaro Musa     Abdulrazaq Solihudeen     Neo Mundo Ltd     Owo Isowo     Erubu Oba Zubair     Aisha Buhari     Ayobami Seriki     Suraj Tunji Oyewale     Oloje     Olatomiwa Williams     Shola Odetundun     Rashidi Yekini     All Peoples Party     Kazeem Oladepo     Ministry Of Women Affairs And Social Development     CELF     Ahmad Olanrewaju Belgore     Abdulfatah Ahmed     Sodiya     Lanwa     Jumoke F. Ajao     IQRA College     Ilorin Emirate     March 28     Bayo Lawal     Olaitan Buraimoh     Amada Jidda     Mahe Abdulkadir     Galland Marcias     20 Billion Bond     Share-Tsaragi     All Confederation Of Principals Of Secondary Schools     Vasolar     Www.Kwarareports.com     Ahmed Idris Mohammed     Village Alive Development Association     Photo News     Abdulhakeem Amao     Idris Garuba     Laboratory-to-Product     Buhari     Oni Adebayo     Okedare     Timothy Olatunde Fadipe     Kulende-UITH     Fatai Olodo     Kwara State Geographic Information Service     Lanre Jimoh     CCT     Omoniyi M. Ayinla     Hausa     Nagode     Ahmed Bolaji Nagode     Kwara Liberation Group     Ibrahim Abikan     Fulani