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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Currency Withdrawn: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

1959 Currency Issue

On 1st July, 1959 the Central Bank of Nigeria issued the Nigerian currency notes in the denominations of Five (5) pounds, One (1) pound, Ten (10/-) Shillings, Five (5/-) shillings, which were withdrawn in 1965 and coins in the denominations of Two (2/-) shillings, three (3p) Pence One (1p) Penny and One half (1/2p) Penny. The coins were withdrawn in 1973.

 
Name
Five Pounds
Dimension:
69/16 x 315/16 Inches
Material: Paper
Withdrawn: 1965
One Pound
Dimension:
45/16 x 35/16 Inches
Material: Paper
Withdrawn: 1965
Ten Shilling
Dimension:
5� x 31/16 Inches
Material: Paper
Withdrawn: 1965
Five Shilling
Dimension:
4x 25/8 Inches
Material: Paper
Withdrawn: 1965
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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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 : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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