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.

Issa Oloruntogun     Bankole Omisore     Saka Onimago     Usman Alkali Baba     Abdulrahman Abdulrazak     Vishvas KOZ Tractors     Chartered Institute Of Personnel Management Of Nigeria     Naira Redesign     Ariyo     Twitter     Egbejila     Muhammed Akanbi     Abubakar Abdulraheem     Michael Ologundea     Omotoso     Wahab Femi Agbaje     Sango-UITH Road     Bilikisu Oniyangi     Ibrahim Oniye     Hassan Abdulazeez Elewu     Kwara State Branch Of The National Library     Sanusi Abubakar     MalHub     Bursary     Abdulquowiyu Olododo     College Of Health     Oke-Ero     Olokoba Sulyman     REO CAKES     Aisha Ahman Pategi     State Bureau Of Internal Revenue     Dumagi     Aliyu Muhammad Saifudeen     Offa Metropolitan Club     Olaiya Lawal     Mahee Abdulkadir     Ayo Salami     Ramadan     Iyabo Adewuyi     Ethical College     Dauda Adesola     Code Of Conduct Tribunal     Sola Saraki University     Esinniobiwa Quareeb     Idris Garba     Gbemisola Saraki     Sheu Ndanusa Usman     Kwara     National Union Of Road Transport Workers     Sarafadeen Kayode Akorede     Durosinlohun Kawu     Gaa Olobi     Mogaji Aare     Kwara Central     Kayode Ishola     Siraj Oyewale     Tunde Kazeem     Fatai Olodo     Niyi Osundare     Bolakale Saka     Sarah Alade     Agbarere     Code Of Conduct     Okin Biscuit     Towoju     Third Estate     Imam Gambari     JAMB     Mashood Dauda     Funmilayo Braithwaite     Obuh     College Of Education     Tsaragi/Share     Emir Of Yashikira     Lasiele Alabi Yahaya     National Association Of Nigerian Students     Aasiyat Bello Oyedepo    

Cloud Tag: What's trending

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

Asiwaju Bola Tinubu     Kwara State Branch Of The National Library     Agbarigidoma     Elese Of Igbaja     Ajidagba     Riskat Opakunle     Oluronke Adeyemi     Mustapha Olanipekun     Suraj Tunji Oyewale     Jawondo     Galland Marcias     NSCIA     Haliru Yahaya     Tanke Flyover Bridge     Erubu Oba Zubair     Adamu Jemilat-Baki     Sidikat Uthman Ajibola     Raji Ayodele Kamaldeen     Abdulmumini Sanni Jawondo     Umar Danladi Shero     Public Holiday     EFCC     Charcoal     Yusuf Ali     Okin Group     Nupe     Majlis For Sadaqah, Zakat And Waqf     TESCOM 2025     Rotimi Oyedepo     Amos Bajeh     Folajimi Aleshinloye     Omar Bolaji Gambari     HYPPADEC     Laboratory-to-Product     Mopelola Abdulmaliq-Bashir     Mahee Abdulkadir     Peter Obi     Rapheal Ashaolu     Abdulrahman Iliasu     Sai Kayi     Odo-Owa     Medview Airlines     Taofeek Sanusi     AbdulRazaq Jiddah     Gani Saadu     IsDB     Abubakar Bature Sulu-Gambari     Abioye Bello     Azeez Salawu     Iyabo Adewuyi     Taofik Abdulkareem Babaita     Kawu Baraje     Damilola Yusuf Adelodun     Mazars Consulting     Usman Rifun     Rice Farmers Association Of Nigeria     Katibi Ibraheem Adeola     Babatunde Ajeigbe     Khairat Gwadabe     Agbarere     Tescom.kwarastate.gov.ng     Lola Ashiru     Yahaya Muhammad     Ajibola Saliu Ajia     Lanwa     Mahe Abdulkadir     Mohammed Abduraheem     General Hospital     Ilorin Talaka Parapo (ITP)     Segun Ogunsola     Oke-opin     Fatai Olodo     IYA ALFA NLA     Sarah Alade     BIR     Yusuf AbdulRasheed     Neo Mundo Ltd