Kwara traders close shops over misunderstanding on non availability of new naira notes , reject old naira note
Written by Adewale Adeyemi on January 30, 2023
Many traders at the weekend closed their doors for business following high rejection of old naira in Kwara state and Nigeria at large.
Royal times gathered that there has been misunderstanding within the metropolise over collection of the old note by traders.
With few weeks to the final withdrawal of the old Naira notes from circulation, most traders are rejecting the new notes for business transactions.
Some traders which include Mr Ibrahim , Mr latif , Mrs Imoru who spoke with Royal Times said buyers are compelling traders to collect the old note. They explained that they have taken the old note with then to banks and they are expected to start collecting new currency .
However, the Central Bank of Nigeria,(CBN) has extended the deadline to February 10th.
