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.

Oluronke Adeyemi     Labaeka     COVID-19 Palliatives     General Tunde Idiagbon International Airport     A.E. Afolabi     Kazeem Adekanye     Imam Gambari     Nupe     Gobir Organization Foundation     Students Union Government     Doyin Agbamu     Al-Adaby     Ijakadi     Aasiyat Bello Oyedepo     Hassan Taiye Salam     Babs Iwarere     Tayo Alao     Oke-Oyi     Hassan Saliu     Saba Mamman Daniel     Victor Gbenga Yusuf     SWAN     Olatunji Abdulmumeen     Kwara State Government     Chief Imam Of Omu-Aran     Islamiya Abdulraheem     Agbarere     Congress For National Consensus     Aliyu Salihu     Suwa-Arabs     Opobiyi     Olohungbebe     Ahmed Saidu Rufai     Umar Bayo Abdulwahab     KWASSIP     Memunat Monsuma     Abubakar Ndakene     Tafidan Kaiama     Kayode Alabi     Bashirat Bola Bello     Baakini     Aisha Abodunrin Ibrahim     Revenue Court     Okanlawon Taiwo     Alimi     AGF Abdulrazaq     Gobirawa     NSCIA     Yusuf Abubakar     Afolabi-Oshatimehin Adenike Harriet     Amoyo     Abdulrauf Aliyu     Oniwasi Agbaye     Musa Aibinu     Bamidele Aluko     Yemi Sanni     Mohammed Kamaludeen     Mary Arinde     Alloy Chukwuemeka     Modibo Kawu     IHS     Mohammed Halidu     Lanre Aremu     Baboko Primary School     Michael Nzwekwe     Kwara North     Labour Party     Special Agro-industrial Processing Zone     Eghe Igbinehin     KWSUED     Binta Abubakar-Mora     Kale Belgore     Micheal Imoudu     Dar-Al-Handasah Consultants Ltd     Lithium     Funmilayo Zubair     Folashade Omoniyi    

Cloud Tag: What's trending

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

Monsurat Omotosho     Awwal Jawondo     Emir Of Yashikira     Garuba Alikinla Shittu     Harrison Osauwagboe     Saduki Lafiagi     Kolo     Kwara State Government     CCEPE     COVID     Aminat Ahmed     Rebecca Olanrewaju     Amuda Aluko     Sheikh Ariyibi     Christopher Odetunde     Olayinka Jelili Yusuf     Abdullahi Biffo     Micheal Imodu-Ganmo Road     ANCOPPS     Oba Abu     IEDPU     Abiodun Abdulkareem     NSCIA     Aro Yahaya     Galland Marcias     Nigerian Supreme Council For Islamic Affairs     QuickWin     Bond     Universal Basic Education Commission     Zainab Abass     Yoonus Lawal     Femi Ogunsola     Abubakar B.M     Isiaka Danmeromu     Bukola Ajikobi     Bayo Ajia     Haliru Yahaya     Imam Gambari     Abdulmutalib Shittu     Chikanda     Democracy Day     Yusuf Abdulraheem     Paul Olawoore     Taofeek Ibraheem     Council Of The Wise     Salihu Yahaya     Florence Saraki     Kisira     Face Masks     Stephen Fasakin     Ganiyu Abolarin     Chief Imam Of Ilorin     Kaiama     Yusuf Lanre Badmus     Woro     Ethical College     Babajide Ajayi     Fulani     Osi     James Kolo     Abdulraheem Olesin     Curfew     Iyiola Oyedepo     Apata Ajele Secondary School     Mohammed Kamaludeen     Jamiu Oyawoye     Cassava Growers\' Association     Yahaya Muhammad     Offa Poly     ARMTI     Countryside Emerging Leaders Fellowship     CELF     Kuliyan Geri     Abubakar Baba Sulaiman     Ramadhan     Bola Ahmed Tinubu     Saka Isau