A
abujagirl
Guest
Traders and transporters in Omu-Aran, Kwara State, yesterday, said that they were recording low sales due to scarcity of low denomination currency notes.
According to reports, traders said that they now depend on divine intervention to remain in business.
Worst affected are petty traders, commercial motorcyclists, vehicle operators, petrol attendants and recharge cards sellers, who needed low denominations for business.
The traders said that scarcity of small denominations notes such as N20, N50, N100 and N200 was hindering smooth business transactions.
The situation is further compounded by the closure of commercial banks in the town since May 14, following attacks on banks by armed gangs in which three people were killed.
SOURCE: Business News
Read more at http://businessnews.com.ng/2013/11/06/kwara-traders-bemoan-scarcity-n20-n50-notes/
According to reports, traders said that they now depend on divine intervention to remain in business.
Worst affected are petty traders, commercial motorcyclists, vehicle operators, petrol attendants and recharge cards sellers, who needed low denominations for business.
The traders said that scarcity of small denominations notes such as N20, N50, N100 and N200 was hindering smooth business transactions.
The situation is further compounded by the closure of commercial banks in the town since May 14, following attacks on banks by armed gangs in which three people were killed.
SOURCE: Business News
Read more at http://businessnews.com.ng/2013/11/06/kwara-traders-bemoan-scarcity-n20-n50-notes/