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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Currency Withdrawn: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

1965 Currency Issue

In 1965, the Legal tender was changed to reflect the country's republican status. They were in the denominations of Five (�5) pounds, One (�1) pound, Ten (10/-) Shillings and Five (5/-) shillings with colours different from those of 1959. The coins in use were still the ones issued in 1959, Two (2/-) shillings, three (3p) Pence, One (1p) Penny and One half (1�p) Penny.

Name
Five Pounds
Dimension:
63/16 x 315/16 Inches
Material: Paper
Withdrawn: 1968
One Pound
Dimension:
55/16 x 35/16 Inches
Material: Paper
Withdrawn: 1968
Ten Shilling
Dimension:
57/16 x 31/16 Inches
Material: Paper
Withdrawn: 1968
Five Shilling
Dimension:
5 x 27/8 Inches
Material: Paper
Withdrawn: 1968
Two Shilling
Dimension:
Material: Silver
Withdrawn: 1973
One Shilling
Dimension:
Material: Silver
Withdrawn: 1973
Six Pence
Dimension:
Material: Silver
Withdrawn: 1973
Three Pence
Dimension:
Material: Gold
Withdrawn: 1973
1 Pence
Dimension:
Material: Bronze
Withdrawn: 1973
One and Half Pence
Dimension:
Material: Bronze
Withdrawn: 1973

See frequently asked questions on Currency Management

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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