Businesses in all sectors were hampered on Thursday due to a lack of new currency in Kaduna.
The unavailability of the new currency notes hampered several business owners, including artisans, cobblers, and hawkers of various commodities.
Only a few critical businesses provided skeletal services.
A few businesses in desperate need of funds received the old currency for immediate transfer through their banks in order to avoid losses.
Dr. Musa Arungo of Good Shepherd Hospital in Angwar stated that he had instructed all patients to make direct transfers to his bank, while those without bank accounts were required to pay in the new currency.
Because he did not have a bank account, Alhaji Suleiman Yusuf, a yam seller, insisted on being paid with the new notes. He stated that his company requires cash on hand and warned all of his customers to bring only new currency before pricing his yam.
According to him, the new naira allows him to go to bush markets and buy farm produce in bulk for resale.
Yahaya Adams, a shoe shiner who has no bank account and lives alone in Kaduna, lamented the stress he faces.
According to him, all of the money he made the day before would be taken to a POS operator and exchanged for new currency at a cost before he started his business for the day.
