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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Withdrawn: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
2007 Currency Issue
In February 2007, the redesigned currency notes; Fifty Naira (N50),
Twenty Naira (N20), Ten Naira (N10) and Five Naira (N5)
were
introduced. The One Naira (N1)
and Fifty kobo (50k) coines were also redesigned, while a new
N2 coin was introduced. A completely new coin range was issued as part
of a major reform of the nations currency structure.
2007 issues with the inclusion of N100, N200, N500
& 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| Fifty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Twenty Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Ten Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| Five Naira 151mm x 78 mm Material: Paper Withdrawn and Redesigned: May, 2007 |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| One Naira Material: Silver Withdrawn and Redesigned: May, 2007 |
 |
|
| Fifty Kobo Material: Silver Withdrawn and Redesigned: May, 2007 |
 |
|
| Twenty Kobo Material:Bronze Withdrawn: May, 2007
|
 |
|
| Ten Kobo Material: Bronze Withdrawn: May, 2007 |
 |
|
| Five Kobo Material: Silver Withdrawn:1991 |
 |
|
| One Kobo Material: Bronze Withdrawn: May, 2007 |
 |
|
| Half Kobo Material: Bronze Withdrawn:1991 |
 |
|
| Facts : 1/1/1995 |
|---|
| National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days. |
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