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Currency Management

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Currency Gallery

Currency in Circulation:

Notes: N1000 | N500 | N200 | N100 | N50 | N20 | N10 | N5
Coins: N2 | N1 | 50 Kobo

Currency Withdrawn:

 Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007

N20 Note

Dimensions
130mm x 72mm

Date Released
28th February, 2007

Design
The N20 note was first introduced in 1977 and re-issued in 1984 in a new colour. The N20 note is the first note to have the portrait of a national hero in the person of the late Head of State - General Murtala Mohammed (1938-1976). The back has the portrait of Ladi Kwali, a famous potter.

On February 28 2007, the N20 Naira note was redesigned and issued in polymer substrate.

Past Issues of this note

Withdrawn in February, 2005
Withdrawn in 1984
 

Read about General Murtala Mohammed.
See frequently asked questions on Currency Management

Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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