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Currency Management

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

Legal Tender

The Central Bank of Nigeria (CBN) is the sole issuer of legal tender currency in Nigeria. It regulates the volume of money supply in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department is responsible for currency management, through the procurement, distribution/supply, processing, reissue, disposal/disintegration of banknotes and coins.

Withdrawn Issues:
Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007

The Currency structure comprises three coin denominations (50 kobo, 2 Naira and 1 Naira) and eight note denominations; 5 Naira, 10 Naira, 20 Naira, 50 Naira, 100 Naira, 200 Naira, 500 Naira and 1000 Naira)
Specimen of Current Notes & Coins

Currency
Front
Back
50 Kobo
One Naira

Two Naira
Five Naira
Ten Naira
Twenty Naira
Fifty Naira
One Hundred Naira
Two Hundred Naira
Five Hundred Naira
One Thousand Naira

See frequently asked questions on Currency Management

Currency in Circulation

N 1501514 - in 8/31/2014
N 1568195 - in 7/31/2014
N 1497142 - in 6/30/2014
N 1517640 - in 5/31/2014
N 1569640 - in 4/30/2014
N 1574357 - in 3/31/2014
N 1558027 - in 2/28/2014
N 1588476 - in 1/31/2014
N 1776813 - in 12/31/2013
N 1571034 - in 11/30/2013
N 1549536 - in 10/31/2013
N 1474048 - in 9/30/2013

Note.:

The above figures the last 12 captured months figures and are in millions of Naira.

Look up other Dates


Related Links
History of Nigerian Currency
Issue System