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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Currency Withdrawn: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

1984 Currency Issue

In April 1984, all the note denomination with the exception of the 50 kobo note were reissued by merely interchanging their colours. The exercise was undertaken purely as a tactical measure by the military administration which took over power in December, 1983. It was intended to arrest the alarming rate of currency trafficking going on at the time. the coins were still those of 1973 issues.

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Withdrawn: 1984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Withdrawn: 1979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Withdrawn: 1979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Withdrawn: 1991
Reissued as a coin - still in circulation
Fifty Kobo
Dimension:
127 x 78 mm
Material: Paper
Withdrawn: 1991
Reissued as a coin - still in circulation
Twenty Five Kobo
Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Ten Kobo
Material: Silver
Withdrawn: 1991
Reissued in Bronze
Five Kobo
Material: Silver
Withdrawn: 1979
Reissued in bronze in 1991
One Kobo
Material: Bronze
Withdrawn:
Half Kobo
Material: Copper
Withdrawn

See frequently asked questions on Currency Management

Facts : 3/1/1993
Nigerian Inter-Bank Settlement System:In March 1993, the Nigerian Inter-Bank Settlement System (NIBSS) was incorportaed to enhance the speed and effeciency of the national clearing system.
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