Due to a lack of new Naira notes, some traders in Jigawa State have closed their doors.
This comes after the Central Bank of Nigeria, CBN, announced that the deadline to stop using old Naira notes in Nigeria remains January 31.
The CBN has set the 31st of January 2023 as the deadline for discontinuing use of the old N200, N500, and N1000 notes after redesigning new ones on the 15th of December 2022.
In response to the CBN dateline, some traders in Dutse, the state capital, said they have no choice but to close their shops until the new Naira notes are available.
Malam Musa, a trader with a provision shop in Dutse Metropolitan, said he closed his shop due to the lack of new Naira notes.
“I used to make sales of about N200,000 each day but hardly received N10,000 new Naira notes and whenever I collected the old one I am finding it difficult to change it in my bank because of the long queue,” he said.
“So to be on the safer side I closed my business till after the new notes are available.”
Also, an akara and pap seller along Gida Dubu in Dutse, Bintu Samuel, said she closed her business until after the new naira notes are in circulation.
“Whoever bought my akara is giving me old notes, and when I took it to buy my stuff, they are rejecting it so I should close until after the new naira notes are in circulation,” she said.
Idris Musa, a customer at one of the commercial banks, said he waited more than 24 hours before depositing his old notes.
