Traders reject new naira notes in Niger

• Published date: 10 January 2023
• Publication title: Nigeria - The Nation

Traders in Niger State are rejecting the new naira note, the Central Bank was told on Tuesday.

Those at the Kure Ultramodern market in Minna pleaded for an extension of the January 31 deadline for the withdrawal of the old banknotes from circulation.

They said those of them in the rural areas were yet to be adequately sensitised about the new notes

According to them, traders in the rural communities have refused to accept the new banknotes, adding that the banks and ATMs across Niger are still dispensing the old notes.

The traders spoke during a sensitisation programme on the currency redesign by the Central Bank of Nigeria (CBN) at the Kure Ultramodern market in Minna.

One of them, Yusuf Mohammed, said those in the rural communities were not aware of the new banknotes and the deadline.

He said there was a need for increased sensitisation if the deadline would not be shifted.

Market Leader, Rebecca James, lamented that the traders have refused to collect the new banknotes.

She said it would cause difficulty for traders if the new banknotes are not accepted.

'I am not satisfied because the banks and ATMs are still giving us the old banknotes.

'When we go to the bush markets, the villagers there are not collecting the new money.

'If you give them the new money alongside the old ones, they will pick the new ones out and tell you to change them.

'The traders in the villages and bush markets do not know about the new banknotes and they need to...