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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Currency Withdrawn: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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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 : 1/1/1978
ORGANISATION AND GROWTH:In 1978, the size of the Board of Directors was increased from 7 to 13, through the recommendations of McKinsey International Incorporated, a UK-based consultant firm.
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