Home Politics Old Naira Notes: Nigerians Fear Massive Losses As Deadline Draws Near

Old Naira Notes: Nigerians Fear Massive Losses As Deadline Draws Near

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Residents and traders across Kano, Jigawa, Lagos, Anambra and Yobe states have continued to lament the impact of the unavailability of new naira notes as well as the challenges they are facing in getting their old naira notes into the banking system. 

This is even as many businesses have closed up and markets are operating at a reduced capacity as the deadline for the collection of old naira notes draws nearer. Many of the business owners said they have not even sighted the new naira notes since its release with a reliable source informing Daily Trust that only about N200billion of new Naira notes were produced to cater for a system with about N3.1trillion in circulation, thereby making the new notes inaccessible to residents.

https://dailytrust.com/old-naira-notes-nigerians-fear-massive-losses-as-deadline-draws-near/



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  • Pretty F

    Commented on 24 January, 2023

    My opinion is for FG, CBN to extend time, 31st January is too close.

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  • Olivia F

    Commented on 24 January, 2023

    What is going on; why this pressure.

    God help us.

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  • Cha cha F

    Commented on 24 January, 2023

    Wahala for naija where is the new naira notes that was giving Deadline by 31st of January 2023.

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