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Currency Gallery

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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Currency Withdrawn: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

2007 Currency Issue

In February 2007, the redesigned currency notes; Fifty Naira (N50), Twenty Naira (N20), Ten Naira (N10) and Five Naira (N5) were introduced. The One Naira (N1) and Fifty kobo (50k) coines were also redesigned, while a new N2 coin was introduced. A completely new coin range was issued as part of a major reform of the nations currency structure.

2007 issues with the inclusion of N100, N200, N500 & 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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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Withdrawn and Redesigned: May, 2007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: Silver
Withdrawn and Redesigned: May, 2007
Fifty Kobo
Material: Silver
Withdrawn and Redesigned: May, 2007
Twenty Kobo
Material:Bronze
Withdrawn: May, 2007

 

 

Ten Kobo
Material: Bronze
Withdrawn: May, 2007
Five Kobo
Material: Silver
Withdrawn:1991
One Kobo
Material: Bronze
Withdrawn: May, 2007
Half Kobo
Material: Bronze
Withdrawn:1991

Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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