Home | About Us | FAQs | RSS | Contact Us | Sitemap | Careers | Educational | Freedom of Information    

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Currency Withdrawn: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

1991 Currency Issue

In October 1991, a new currency Fifty Naira (N50) note, was introduced and the One Naira (N1) and Fifty kobo (50k) were coined. A completely new coin range was issued as part of a major reform of the nation's currency structure. The coins were in the following denominations. One Naira (N1), Fifty kobo (50k) Twenty five kobo (25k), Ten kobo (10k) and One kobo (1k).

1991 issues with the inclusion of N100, N200, 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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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: Nickel
Withdrawn and Redesigned: May, 2007
Fifty Kobo
Material: Nickel
Withdrawn and Redesigned: May, 2007
Twenty Kobo
Material Copper
Withdrawn: May, 2007
Ten Kobo
Material: Nickel
Withdrawn: 2007
Five Kobo
Material: Nickel
Withdrawn: 1991
One Kobo
Material: Copper
Withdrawn: 2007
Half Kobo
Material: Copper
Withdrawn: 1991

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.
See All: Facts | Events

Central Bank of Nigeria:: Did You Find