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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Withdrawn: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

1977 Currency Issue

On 11th February, 1977, Nigeria issued a currency note denomination of the value of Twenty (N20) Naira. The banknote was the first currency note to bear the portrait of a Nigerian citizen, the late Head of State, General Murtala Ramat Muhammed (1938-1976) who was assassinated but declared a national hero for his leadership qualities. The note was issued on the 1st anniversary of his assassination as a befitting tribute to an illustrious son of Nigeria.

Name
Twenty Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1984
Ten Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1979
Five Naira
Dimension:
151 x 78 mm
Material: Paper
Withdrawn: 1979
One Naira
Dimension:
137 x 78 mm
Material: Paper
Withdrawn: 1979
Fifty Kobo
Dimension:
127 x 78 mm
Material: Paper
Withdrawn: 1979
Twenty Five Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Ten Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Five Kobo
Dimension:

Material: Silver
Withdrawn: 1979
Reissued in bronze in 1991
One Kobo
Dimension:

Material: Bronze
Withdrawn:
Half Kobo
Dimension:

Material: Copper
Withdrawn:

See frequently asked questions on Currency Management
Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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