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HomeNewsAmid New Naira Notes Scarcity, Kebbi Traders Threaten To Close Markets

Amid New Naira Notes Scarcity, Kebbi Traders Threaten To Close Markets

As the New Naira Notes imbroglio lingers with the deadline CBN allowed for using Old Naira Notes nears, Kebbi traders agreed to close down all markets in the state.

Daily Trust reports that insufficient circulation of the redesigned Naira notes mar smooth business operations in the state, thereby forcing the traders to resolve to close all markets to avert inestimable lose on the side of the traders.

Alhaji Umar Dangura, Chairman Kebbi State Traders Association said efforts to get the redesigned Naira notes from commercial banks in the state yielded no positive outcome.

“If we continue to collect it from our customers, which bank will collect it from us when the date expires?” he asked.

NASS Demands Six Months Deadline For Old Naira Notes

Food vendors and drivers in Kebbi rejected the old Naira Notes from customers because banks and POS operators are not dispensing the New Naira Notes.

Following the redesign of N1000, N500 and N200 notes by the Central Bank of Nigeria, the apex bank issued 31st January 2023 as the deadline for the use of the Old Naira Notes in all forms of commercial transactions in the country.

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