Currency Management Currency Management
Issue System | 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Withdrawn: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| Fifty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Twenty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Ten Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Five Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| One Naira Material: Nickel Withdrawn and Redesigned: May, 2007 |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| Fifty Kobo Material: Nickel Withdrawn and Redesigned: May, 2007 |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| Twenty Kobo Material Copper Withdrawn: May, 2007 |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| Ten Kobo Material: Nickel Withdrawn: 2007 |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| Five Kobo Material: Nickel Withdrawn: 1991 |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| One Kobo Material: Copper Withdrawn: 2007 |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| Half Kobo Material: Copper Withdrawn: 1991 |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 : 1/1/1900 |
|---|
| Development Stocks:The first development stock was issued in 1946. Central Bank of Nigeria took the responsiblity of issuing stock at its inception. The Lagos Stock Exchange (now Nigerian Stock Exchange) was set up in 1961 to take over transactions in the stocks. |
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