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Currency Management

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Currency Gallery

Currency in Circulation:

Notes: N1000 | N500 | N200 | N100 | N50 | N20 | N10 | N5
Coins: N2 | N1 | 50 Kobo

Currency Withdrawn:

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

N1 Coin

Dimension:  27.50 mm
Weight: 12.000gm
Material: Brass Plated Steel

Date Released
28th February, 2007

Design
It has the portrait of Sir Herbert Macaulay on one side and the Coat of Arms of the Federal Republic of Nigeria on the other side.

Past Issues of this note

Withdrawn in June 2007

Withdrawn in 1991
Withdrawn in 1991

Read about Sir Herbert Macaulay
See frequently asked questions on Currency Management

Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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