Niger Delta
Naira Notes Business Booms In Benin City
Hawking of crisp naira notes, hitherto a popular business in Lagos, is now the latest business in Benin City, the Edo State capital, The Tide’s source reports.
The source slated that the notes, usually in low denominations, are displayed at strategic points within the King’s Square axis of Benin City.
A check by the source revealed that like in Lagos, the denominations in high demand are N5, N10, N20 and N50 notes.
One of the dealers, who preferred anonymity, told the source that the notes were sold on commission.
“It depends on how a buyer negotiates, but it is usually five or 10 per cent commission per N500 or N1, 000 transaction.
“Most people prefer the lower denominations because they are mostly used as gifts to celebrants during ceremonies.
“ We sell genuine notes, not fake or counterfeits because we source them from banks,” he said.
Efforts to get bank officials to comment on the trend proved abortive.
Niger Delta
NPC Unveils Digital Registration System In Delta
Niger Delta
Police Uncover Suspects’ Armoury … Recover Weapons In Delta
Niger Delta
Police Caution On Lawless Protests On Court Matters In A’Ibom
-
Maritime3 days ago
Nigeria To Pilot Regional Fishing Vessels Register In Gulf Of Guinea —Oyetola
-
Sports3 days agoGombe-Gara Rejects Chelle $130,000 monthly salary
-
Maritime3 days ago
Customs Declares War Against Narcotics Baron At Idiroko Border
-
Maritime3 days ago
NIMASA,NAF Boost Unmanned Aerial Surveillance For Maritime Security
-
Sports3 days agoTEAM RIVERS SET TO WIN 4×400 ” MORROW” …Wins Triple jump Silver
-
Sports3 days agoNPFL Drops To 91st In Global League Rankings
-
Maritime3 days ago
NIWA Collaborates ICPC TO Strengthen Integrity, Revenue
-
Sports3 days agoNPFL Impose Fines On Kwara United Over Fans Misconduct
