• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 12, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Anxiety as traders, others reject old Naira notes

Naira

The Matters Press by The Matters Press
January 28, 2023
Reading Time: 2 mins read
0
Buhari launches eNaira, first digital currency in Africa

Some residents of the Federal Capital Territory (FCT), have expressed worry as traders and Point of Sale (PoS) operators are rejecting old Naira notes.

RELATED POSTS

Tinubu’s nomination acceptance speech excites TMSG, TSF

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

IN DEFENCE OF PRESIDENT TINUBU’S DEBTS-FOR-INFRASTRUCTURE POLICY

The residents said on Friday they were not happy over the development.

Ms Janet Aondo, a customer, who was spotted at Karu with the old N1,000 note, said she was frustrated.

Aondo said she came out to get snacks for her children to take to school but was told that she could only make payment with the new Naira note.

She said it was worrisome that people had begun to reject the old notes.

According to her, she expects that the rejection of old notes will begin from Jan.31, as announced by the Central Bank of Nigeria (CBN).

Another customer, who pleaded anonymity, said she was turned down by a PoS agent when she went to deposit the old naira notes.

“The agent imputed the amount and recipient’s number but the moment I brought out old notes he said Madam we have stopped collecting old notes.

“I tried explaining to him that the deadline is Jan. 31, but he was adamant.

“I had to use other PoS and what I did was to wait till the transaction was successful before I brought out the money and luckily the agent collected it.

“As I speak with you, I am going to ransack my house for any of those old notes and make sure I spend all of them today.’’

Some motor parks within the FCT were still accepting old notes and some others were rejecting them.

Some respondents said they heard of long queues in banks and would not want to go through the rigours.

Mr Peter Akpan, a taxi driver, said although he was losing customers, he did not mind.

Meanwhile, long queues were seen in banking halls and Automated Teller Machines (ATM) within the FCT.

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, had fixed Jan. 31, as deadline for the return of old N200, N500 and N1,000 banknotes.

The governor also announced that the deadline was sacrosanct.

The development has continued to generate reactions from Nigerians as there have been calls for extension of the deadline.

The Senate and House of Representatives have also called for extension of the deadline.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu signs amended electoral Act
Energy

Tinubu’s nomination acceptance speech excites TMSG, TSF

May 31, 2026
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

May 29, 2026
Nigeria’s  Transparent Civil Service Recruitment exciting
Economy/Technology

IN DEFENCE OF PRESIDENT TINUBU’S DEBTS-FOR-INFRASTRUCTURE POLICY

May 18, 2026
Council seeks incentives to boost indigenous ship operations
Economy/Technology

Tinubu’s economic reforms grow Nigeria’s export earnings by 38.68% – TMV

May 7, 2026
Tinubu engages global investors in Paris
Economy/Technology

Tinubu engages global investors in Paris

May 6, 2026
TMSG to ADC: You are a motley crew of power mongers, palace jesters
Economy/Technology

Tinubu vindicated as opposition coalition collapsed under the weight of Atiku, Obi’s lust for power-Group

May 6, 2026
Next Post
UNECA urges media to pressure govts on policies

ECA urges private sector to own, drive AfCFTA agreement

Stable petrol supply excites Buhari

Cross-border smuggling hampering fuel distribution – FG

Recommended Stories

CJN on suspension over millions of foreign currencies

CJN on suspension over millions of foreign currencies

January 26, 2019
SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON urges manufacturers to fight counterfeiting

April 1, 2022
Global trade’ll grow to $30tn by 2030

Nigeria records negative trade balance

March 16, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s nomination acceptance speech excites TMSG, TSF
  • Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course
  • IN DEFENCE OF PRESIDENT TINUBU’S DEBTS-FOR-INFRASTRUCTURE POLICY

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us