Who would have imagined that in Nigeria, the 100 and 50 naira would be the most in-demand denominations?
Ibrandtv talks to customers in a well-known market in Oshodi, and they don’t seem pleased with the scarcity of the new Naira.
Even the old Naira notes that may have served as a convenient substitute are hard to find.
According to a trader Mr. Tunde, the option should have been to distribute the 100 and 50 naira notes until problems with the new notes are resolved.
He claims that he now values the old Naira banknotes greatly.
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“When the heat of the January 31 deadline blanketed the nation, I started gathering the ₦100 and ₦50 notes since January,” I didn’t know my old Naira notes will be very useful today.”
Mrs. Gloria claimed that she boarded a bus using ₦100 and ₦50 notes while visiting the market to purchase groceries.
Nigerians have urged the Central Bank of Nigeria to persuade commercial banks to give ₦100 and ₦50 notes to Nigerians as the effects of the new Naira cash shortage worsen.
