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Currency Withdrawn: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

Before 1959

Prior to the establishment of the West African Currency Board, Nigeria had used various forms of money including cowries and manilas. Commodities were also used as a form of exchange known as barter.

The West African Currency Board was responsible for issuing currency notes in Nigeria from 1912 to 1959.

Name
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1700
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1700
Manila
Dimension: Varies in Size
Material: Pig Iron & Slag
Period Used: up until 1600
Cowries
Dimension: @ 0.5 In across
Period Used: before 1700
The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
Salt & Barter
Period Used: before 1600
 

See frequently asked questions on Currency Management

Facts : 1/1/1966
Central Bank of Nigeria, Enugu Branch:In the year 1966, The Central Bank of Nigeria Branch in Enugu was opened.It was the fourth Central Bank Branch that was established, bringing to 4, the number of Central Bank offices in Nigeria at that time.
See All: Facts | Events

Central Bank of Nigeria:: Did You Find