Currency Gallery

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Currency in Circulation:

Currency Withdrawn:

1973 Currency Issue

On 1st January, 1973, Nigeria made a great leap in changing to decimal currency. The decision to change to decimal currency followed the recommendations of the Decimal Currency Committee set up in 1962 which submitted its report in 1964. The change involved both the notes and coins. The major unit of currency which used to be One (�1) Pound no longer existed and the One (N1) Naira which was equivalent to Ten (10/-) Shillings became the major unit. The notes were in the denominations of Ten  Naira (N10), Five Naira (N5), One Naira (N1) and Fifty Kobo (50k) while coins were Twenty Kobo (20k), Ten Kobo (10k), Five Kobo (5k), One Kobo (1K) and Half (�k) Kobo. The coins have the same dimension of 12 x 123 inches.

Name
Ten Naira Dimension: 151 x 78 mm Material: Paper Withdrawn: 1977
Five Naira Dimension: 151 x 78 mm Material: Paper Withdrawn: 1977
One Naira Dimension: 137 x 78 mm Material: Paper Withdrawn: 1977
Fifty Kobo Dimension: 127 x 78 mm Material: Paper Withdrawn: 1979
Twenty Five Kobo Material: Silver Withdrawn: 1991
Ten Kobo Material: Silver Withdrawn: 1979 Reissued in Bronze in 1991
Five Kobo Material: Silver Withdrawn: 1979 Reissued in bronze in 1991
One Kobo Material: Bronze Withdrawn:
Half Kobo Material: Copper Withdrawn: 1991