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Currency in Circulation:

Notes: N1000 | N500 | N200N100 C | N100 | N50 | N20 | N10 | N5
Coins: N2 | N 1 | 50 Kobo

Currency Withdrawn:

 Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007| 2022

1968 Currency Issue

In 1968, Nigeria fought a civil war. In order to stem the misuse of the country’s currency notes during the period, Nigeria decided to change the currency notes issued in 1965 as a war strategy. The currency notes were in denominations of Five (�5) Pounds, One (�1) Pound, Ten (10/-) Shillings and Five (5/-) Shillings. The coins issued in 1959 were retained, Two (2/-) Shillings, Three (3p) Pence, One (1p) Penny and One half (p) Penny.

Name
Five Pounds
Dimension:
45/16 x 35/16 Inches
Material: Paper
Withdrawn: 1973
One Pounds
Dimension:
45/16 x 35/16 Inches
Material
: Paper
Withdrawn: 1973
Ten Shilling
Dimension:
57/16 x 31/16 Inches
Material: Paper
Withdrawn: 1973
Five Shilling
Dimension:
5 x 27/8 Inches
Material
: Paper
Withdrawn: 1973
Two Shilling
Dimension:
Material: Silver
Withdrawn: 1973
One Shilling
Dimension:
Material: Silver
Withdrawn: 1973
Six Pence
Dimension:
Material: Silver
Withdrawn: 1973
Three Pence
Dimension:
Material: Gold
Withdrawn: 1973
1 Pence
Dimension:
Material: Bronze
Withdrawn: 1973
One and Half Pence
Dimension:
Material: Bronze
Withdrawn: 1973

See frequently asked questions on Currency Management

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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