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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Currency Withdrawn: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

Before 1959

Prior to the establishment of the West African Currency Board, Nigeria had used various forms of money including cowries and manilas. Commodities were also used as a form of exchange known as barter.

The West African Currency Board was responsible for issuing currency notes in Nigeria from 1912 to 1959.

Name
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1700
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1700
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1600
Cowries
Dimension: @ 0.5 In across
Period Used: before 1700
The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
Salt & Barter
Period Used: before 1600		  

See frequently asked questions on Currency Management

Facts : 1/1/1900
Operation Feed the Nation (O.F.N.):Operation Feed the Nation was introduced by the federal military government headed by General Olusegun Obasanjo in 1979.It had the specific focus of increasing food production on the premise that availability of cheap food would ensure a higher nutrition level and invariably lead to national growth and development.OFN lasted till the civilian government of Alhaji Shehu Shagari in 1979.
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