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Currency Management

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

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Withdrawn: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

1968 Currency Issue

In 1968, Nigeria fought a civil war. In order to stem the misuse of the country’s currency notes during the period, Nigeria decided to change the currency notes issued in 1965 as a war strategy. The currency notes were in denominations of Five (£5) Pounds, One (£1) Pound, Ten (10/-) Shillings and Five (5/-) Shillings. The coins issued in 1959 were retained, Two (2/-) Shillings, Three (3p) Pence, One (1p) Penny and One half (½p) Penny.

Name
Five Pounds
Dimension:
45/16 x 35/16 Inches
Material: Paper
Withdrawn: 1973
One Pounds
Dimension:
45/16 x 35/16 Inches
Material: Paper
Withdrawn: 1973
Ten Shilling
Dimension:
57/16 x 31/16 Inches
Material: Paper
Withdrawn: 1973
Five Shilling
Dimension:
5 x 27/8 Inches
Material: Paper
Withdrawn: 1973
Two Shilling
Dimension:
Material: Silver
Withdrawn: 1973
One Shilling
Dimension:
Material: Silver
Withdrawn: 1973
Six Pence
Dimension:
Material: Silver
Withdrawn: 1973
Three Pence
Dimension:
Material: Gold
Withdrawn: 1973
1 Pence
Dimension:
Material: Bronze
Withdrawn: 1973
One and Half Pence
Dimension:
Material: Bronze
Withdrawn: 1973

See frequently asked questions on Currency Management
Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
See All: Facts | Events

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