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Currency Management

Issue System | History of Nigerian Currency | Legal Tender |
Currency Gallery | Security Features

Currency Gallery

Notes: N1000 | N500 | N200 | N100 | N50 | N20 | N10 | N5
Coins N2 | N1 | 50 Kobo |
Withdrawn:
  Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007

1959 Currency Issue

On 1st July, 1959 the Central Bank of Nigeria issued the Nigerian currency notes in the denominations of Five (5) pounds, One (1) pound, Ten (10/-) Shillings, Five (5/-) shillings, which were withdrawn in 1965 and coins in the denominations of Two (2/-) shillings, three (3p) Pence One (1p) Penny and One half (1/2p) Penny. The coins were withdrawn in 1973.

 
Name
Five Pounds
Dimension:
69/16 x 315/16 Inches
Material: Paper
Withdrawn: 1965
One Pound
Dimension:
45/16 x 35/16 Inches
Material: Paper
Withdrawn: 1965
Ten Shilling
Dimension:
5½ x 31/16 Inches
Material: Paper
Withdrawn: 1965
Five Shilling
Dimension:
4¾ x 25/8 Inches
Material: Paper
Withdrawn: 1965
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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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Withdrawn: 1973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 : 1/1/1900
BOFIA:In 1991, the Bank s and Other Financial Institutions Act (BOFIA) formerly BOFI was promulgated to replace the CBN Act of 1958 and the Banking Decree of 1969 (including later amendments). The policy brought the non-bank financial intermediaries under the supervision of Central Bank of Nigeria.
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