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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Currency Withdrawn: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

1977 Currency Issue

On 11th February, 1977, Nigeria issued a currency note denomination of the value of Twenty (N20) Naira. The banknote was the first currency note to bear the portrait of a Nigerian citizen, the late Head of State, General Murtala Ramat Muhammed (1938-1976) who was assassinated but declared a national hero for his leadership qualities. The note was issued on the 1st anniversary of his assassination as a befitting tribute to an illustrious son of Nigeria.

Name
Twenty Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1984
Ten Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1979
Five Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1979
One Naira
Dimension:
137 x 78 mm
Material: Paper
Withdrawn: 1979
Fifty Kobo
Dimension:
127 x 78 mm
Material: Paper
Withdrawn: 1979
Twenty Five Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Ten Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Five Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in bronze in 1991
One Kobo
Dimension:

Material: Bronze
Withdrawn:
Half Kobo
Dimension:

Material: Copper
Withdrawn:

See frequently asked questions on Currency Management

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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