Kano: Old Naira In Circulation After CBN Directive – Investigation

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By Jabiru Hassan, Kano.

Old naira notes now in circulation across kano state where the residents accepts 500,1000 notes as legal tender, while banks and POS operators issue both the new and old naira notes at different centres.

Our correspondent who monitored how the business activities was going in kano city and other rural areas reported that residents accepts both the old and new naira notes which boosts business activities and ease cash scarcity.

At Sabon Gari market, Kantin Kwari, Singer and Dawanau international food market traders accepts old naira notes while filling stations and supermarkets accepts the old notes as well as transfers in exchange of goods.

Furthermore, our correspondent visited some rural markets where there is full acceptance of old naira notes gathered that there is a brisk sales of commodities like food items, livestock and other household materials.

Speaking to Daybreak News, a renowned food vendor at Badume market Hajiya Talatu Musa disclosed that the recirculation of old naira notes as legal tender have restored commercial activities in every sector.

Copyright DAYBREAK.

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