Economy Headline Local News Niger Nigeria

Kebbi traders reject old Naira notes

Barely few days to the deadline given by the Central Bank of Nigeria (CBN), for old currency denomination to stop circulation in the country, traders in Kebbi state have started rejecting old denominations of 200, 500 and 1000 Naira from their customers.

Equally, some shops were closed, customers were seen stranded as people can not afford to buy daily used products.

Similarly, fuel filling stations were also rejecting the old denominations.

Following intensive markets, motor packs and street walk sensitization by CBN in the state, still traders are rejecting the old denominations.

The trader’s complaint of non-availability of the new naira denominations in banks and circulation noted that was why they were rejecting the old ones from customers.

Most supermarkets and the main market threatened to shut the markets by 26th of January if the new naira notes are not readily available.

Reporting by Abdullahi Tukur; Editing by Oluwaseyi Ajibade and Tersoo Nicholas