.jpg)
Quick Links
Currency Management Currency Management
Currency | History of Nigerian Currency | Legal Tender |Currency Gallery | Security Features
Currency Gallery
Notes:Coins
Withdrawn:
Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007
1991 Currency Issue
In October 1991, a new currency Fifty Naira (N50) note, was
introduced and the One Naira (N1) and Fifty kobo (50k) were
coined. A completely new coin range was issued as part of a major reform of the
nation's currency structure. The coins were in the following denominations. One
Naira (N1), Fifty kobo (50k) Twenty five kobo (25k), Ten kobo
(10k) and One kobo (1k).
1991 issues with the inclusion of N100, N200, N1000
Naira notes form today's legal tender
issue.
| Name |
||
| Fifty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |
 |
|
| Twenty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |
 |
|
| Ten Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |
 |
|
| Five Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |
 |
|
| One Naira Material: Nickel Withdrawn and Redesigned: May, 2007 |
 |
|
| Fifty Kobo Material: Nickel Withdrawn and Redesigned: May, 2007 |
 |
|
| Twenty Kobo Material Copper Withdrawn: May, 2007 |
 |
|
| Ten Kobo Material: Nickel Withdrawn: 2007 |
 |
|
| Five Kobo Material: Nickel Withdrawn: 1991 |
 |
|
| One Kobo Material: Copper Withdrawn: 2007 |
 |
|
| Half Kobo Material: Copper Withdrawn: 1991 |
 |
|
| Facts : 7/1/1959 |
|---|
| BOARD OF DIRECTOS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government. |
| See All: Facts | Events |
Icon Key |
|
|---|---|
 |
Print out page |
 |
Refer page to a friend |
 |
Go to top of page |
 |
Definition of word |
 |
frequent questions on topic |
 |
Make us your homepage |
 |
Export data to Excel |
