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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Currency Withdrawn: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

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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn: May, 2007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Withdrawn: 2007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Withdrawn: 1991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Withdrawn: 2007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Withdrawn: 1991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
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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