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Currency Management

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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Withdrawn: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

50 Kobo Coin

Dimension: 24.50mm
Weight: 5.5gm
Material: Nickel

Date Released
28th February, 2007

Design
It has the maize symbol on one side and the Coat of Arms of the Federal Republic of Nigeria on the other side.

Past Issues of this note

Withdrawn in June, 2007
Withdrawn in 1991

See frequently asked questions on Currency Management

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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