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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Currency Withdrawn: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

5 Kobo Coin

150mm x 78mm

Date Released

Date Released
28th February 2007


The N50 note was introduced in 1991. Ornamental patterns, geometric motifs adapted from Nigerian traditional art forms are intricately combined and colors have been chosen to ensure beauty, distinctiveness and clear identification.

The main feature in the front is the hand engraved portraits of four Nigerians, three men and a woman, superimposed on the Nigerian map.

The main feature in the Back is a hand engraved vignette that depicts farming in its two aspects of cultivating and harvesting. The right top corner value is on two cowries shells. Cowries shells were once a medium of exchange in the country.

Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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