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
C’River Bans VIOs From Road Operations
Niger Delta
A’Ibom Community Seeks Govt Recognition For Elected Village Head
Niger Delta
Delta Unveils World Book Day Festival
-
News1 day agoPolice Arrest Nigerian, Two Others For Kidnapping In Edo
-
Business20 hours agoNERC Amends Order on Meter Tampering, Power Bypass For Discos
-
Business20 hours agoNigeria, AFC sign $1.3 billion deal to build alumina refinery
-
Rivers19 hours agoKENPOLY Rector Promises To Prioritise Students’ Welfare
-
News1 day agoNDLEA Arrests Ex-Councillor With 40kg Skunk, Recovers Drugs In Diapers
-
Nation1 day agoPerm Sec Explains Success Of FGM Elimination Programme In Rivers
-
Business20 hours agoNCDMB Signs Mgt Deal With Radisson, Edison…As Board’s 204 Rooms Hotel Open December 2026
-
Rivers19 hours agoADIAFRICA Flags-off Free Eye Screening Outreach In PH
