Old naira: CBN advises traders to embrace use of POS to beat deadline

He said that doing such would encourage cash management and reduce the security risks of holding physical cash in business transactions.

The CBN boss also advised the traders to discourage their customers from paying for goods with cash, saying that they should spread the message among their colleagues.

Lamidi further cautioned the traders to note that some of their customers may want to dump old Naira notes with them after the expiration of the Jan. 31 deadline.

Pulse: Read More