Jumia, Chicken Republic Reject Old Naira Notes

African e-commerce platform, Jumia, has also announced that the company will start rejecting old naira notes, days after Chicken Republic made the same decision.

Companies are beginning to notify their customers as the Central Bank of Nigeria (CBN) insisted that the deadline of January 31, 2023, to phase out the old banknotes won’t be changed. 

The Governor of the central bank, Godwin Emefiele, reiterated its stance that there will be no extension to the deadline.

With the deadline only five days away, Jumia has announced that the old naira notes will no longer be accepted as form of payment starting January 30, 2023. 

“From Monday 30th January 2023, Jumia delivery associates will not be able to accept the old notes of N200, N500, and N1,000 sequel to the directive by the Central Bank of Nigeria (CBN),” the statement reads. 

“Should you wish to pay by cash, our delivery associates will only accept the new series of notes. Alternatively, you can find details here on how to prepay on Jumia using JumiaPay or call us on 01 888 1106 if there are any further questions. 

“We will communicate further in case of any change from the federal government or central bank,” the notice on Friday reads. 

Also, Prime Business Africa had reported that Chicken Republic has notified its customers, as the company started rejecting old naira notes on January 25, 2023.

Chicken Republic said in the notice: “In line with the Central Bank of Nigeria directive, Chicken Republic will stop collection of old Naira notes (N200, N500 and N1,000) from the 25th of January 2023.

“We will accept new notes and all existing electronic payment means.”