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.

Local Government     Olatunji Abdulmumeen     Femi Agbaje     Bluenile Associates     NFAI     Damilola Yusuf     Olumide Daniel Ibitoye     Sheikh Hamzat Yusuf Ariyibi     SWAN     Bisi Oyeleke     Kwha.gov.ng     Dan Iya Of Ilorin     Afeyin-Olukuta     Aremu Bose Deborah     United Nigeria Congress Party     Salihu Jibril Garbi     Gbemi Saraki     Kwara Metro Park     Onikijipa     Salake     Haruna Olawale Sulaiman     Kola Ologbondiyan     Joseph Offorjama     Dumagi     IYA ALFA NLA     Kulende     Gbugbu International Market     Malete     Sardauna Of Ilorin     Abdulrasheed Na\'Allah     Afolabi-Oshatimehin     Jumoke F. Ajao     Tunde Idiagbon Road     Nigerian Medical Association     Tsaragi/Share     Overland     Special Agro-Industrial Hub     Age AbdulKareem     SDP     Mukhtar Shagaya     Aliyu Muyideen     Offa Poly     Joshua Adeyemi Adimula     Moshood Mustapha     Split Diamond Interchange     African Democratic Congress     Siraj Oyewale     Kwarareports     Muritala Olarewaju     Oyeyemi Olasumbo Florence     Abraham Ojo     Samari     Olosi Of Osi     Kwara State Geographic Information Service     Omu Aran     Adedipe     Ishola Moses Abiodun     AbdulRazaq Abubakar Jiddah     Kayode Ibrahim     Ridhwanullah Al-Ilory     Shuaib Abdulkadir     Cornelius Adebayo     Matthew Babaoye     Atiku Abubakar     Awwal Jawondo     Donatus Ejidike     KWSUED     Saliu Alamoyo     Bolakale Kawu     Mahmud Babatunde Baker     Centre For Peace And Strategic Studies     Kwabes     Kwara Apc     Yakubu Gobir     Oya State     Adamu B. Yaqubu     Abdulrasheed Akogun    

Cloud Tag: What's trending

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

Ayinke Saka     Idris Amosa Saidu     Tope Daramola     Issa Manzuma     Muslim Stakeholders Of Kwara State     Oladimeji Thompson     Afonja     Apaokagi     Abdulrazaq Aiyelabegan     Ado Ibrahim     Kwha.gov.ng     Adegoke Bamidele     Ekiti     Muftau Akanbi Oke     Balogun Ajikobi     Yusuf Aiyedun     Oba Abdulrahim     Toyin Abdullahi     Saka Isau     Taofik Mustapha     Ilorin Muslim Community     Bashiru Makama     Yusuf Abdulwahab     Gbenga Olawepo     Ishaq Abdulkarim     Olatunji Bamgbola     Ibrahim Gambari     Mansurat Amuda-Kannike     Okin Malt     Ajase-Ipo     Mubarak Oladosu     Post-utme     AbdulRaheem Ahmad Shayi     Oniyangi Kunle Sulaiman     Rice Farmers Association Of Nigeria     Yemi Osinbajo     Aliyu Umar     Anilelerin     Kayode Alabi     Christopher Odetunde     University Road     Sabi     Tricycle Owners Association Of Nigeria     Ahmed Dankaya     National Broadcasting Commission     Ajeigbe     Olatunde Michaels     Osinbajo     Afetu Of Alabe     Playing Host     Funke Adedoyin     Taofeek Ibraheem     CELF     Sai Kayi     Mohammed Alabi Lawal     Ibrahim Abikan     Aro Yahaya     Dauda Adesola     Ahmed \'Lateef     Abdulrasheed Lafia     Moses Adekanye     Government Girls’ Day Secondary School Pakata     Umar Sanda Yusuf     Ibrahim Kayode Adeyemi     Yakubu Dogara     CACOVID     Oba David Oyerinola Adedunmoye     Madawaki     Sa\'adu Salahu     Oba Mogaji Abdulkadir     Lateef Fagbemi     Adebayo Mohammed Kamaldeen     Aliyu Kora-Sabi     Saliu Shola Taofeek     Revenue Court     Bamikole Omishore     Muhammad Sirajo Aliyu