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Currency Gallery

Currency | History of Nigerian Currency | Legal Tender | Currency Gallery | Security Features | Features of Nigerian Currency | Clean Notes Policy

Currency in Circulation:

Notes: N1000 | N500 | N200| N100 C | N100 | N50 | N20 | N10 | N5
Coins: N2 | N 1 | 50 Kobo

Currency Withdrawn:

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

2007 Currency Issue

In February 2007, the redesigned currency notes; Fifty Naira (N50), Twenty Naira (N20), Ten Naira (N10) and Five Naira (N5) were introduced. The One Naira (N1) and Fifty kobo (50k) coines were also redesigned, while a new N2 coin was introduced. A completely new coin range was issued as part of a major reform of the nations currency structure.

2007 issues with the inclusion of N100, N200, N500 & N1000 Naira notes form today's legal tender issue.

Name
Fifty Naira
151mm x 78 mm
Material: Paper
Withdrawn and Redesigned: May, 2007
Twenty Naira
151mm x 78 mm
Material: Paper
Withdrawn and Redesigned: May, 2007
Ten Naira
151mm x 78 mm
Material: Paper
Withdrawn and Redesigned: May, 2007
Five Naira
151mm x 78 mm
Material: Paper
Withdrawn and Redesigned: May, 2007
One Naira
Material: Silver
Withdrawn and Redesigned: May, 2007
Fifty Kobo
Material: Silver
Withdrawn and Redesigned: May, 2007
Twenty Kobo
Material:Bronze
Withdrawn: May, 2007

 

 

Ten Kobo
Material: Bronze
Withdrawn: May, 2007
Five Kobo
Material: Silver
Withdrawn:1991
One Kobo
Material: Bronze
Withdrawn: May, 2007
Half Kobo
Material: Bronze
Withdrawn:1991

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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Central Bank of Nigeria:: Did You Find