On January 1, 1973, the Central Bank of Nigeria introduced notes for 50 kobo, 1, 5, 10 and 20 naira. The 50 kobo notes were last issued in 1989. In 1991, 50 naira notes were issued, followed by 100 naira in 1999, 200 naira in 2000, 500 naira in 2001 and 1000 naira on October 12, 2005.
When did Nigeria introduced 1000 naira note?
500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005.
Who introduced 50 Naira note in Nigeria?
The Central Bank of Nigeria started issuing these 50 Nigerian Naira banknotes in 1991. They were withdrawn from circulation in 2009.
Who are the two people on the 1000 naira note?
The 1000 Naira note bears the faces of two men, namely: Dr. Clement Nyong Isong and Alhaji Aliyu Mai-Bornu. They were the first two governors of the Central Bank of Nigeria.
When did Nigeria introduced paper currency?
On 1st July, 1959 the Central Bank of Nigeria (CBN) issued Nigerian currency banknotes, Before the establishment of the West African Currency Board, Nigeria had used various forms of money, chief of them being the cowries.
Who is in 100 naira note?
Chief Obafemi Jeremiah Oyeniyi Awolowo is pictured on the banknote of 100 Nigerian Naira, wearing a kufi hat. Awolowo was Premier of Western Nigeria. On the back side of the ₦100 bill is an image of the Zuma Rock monolith in Niger province.
Which year was naira equal to dollar?
From the day that Abacha took power to the day he died on June 8 1998, a period of some five years, the ‘official’ exchange rate of the naira to the dollar never changed from 22 naira to $1.
What is the Colour of 5 naira?
|Person||Sir Abubakar Tafawa Balewa, KBE PC|
|Profession||Prime Minister of Nigeria|
|Text||5, Alhaji Sir Abubakar Tafawa Balewa 1912-1966, Central Bank of Nigeria, Five Naira, Naira Biyar, Naira Ise, Naira Marun-un|
Which country Print Nigeria money?
Naira notes and coins are printed / minted by the Nigeria Security Printing and Minting (NSPM) Plc and sometimes, other overseas companies, and issued by the CBN.
What is the Colour of the 500 naira note?
|Person||Nnamdi Azikiwe, Zik|
|Profession||father of Nigerian Nationalism, first President of Nigeria|
|Text||500, Central Bank of Nigeria, Dr Nnamdi Azikiwe 1904-1996, Five Hundred Naira, ₦500|
Who is in 10 Naira note?
Alvan Ikoku is the man on the 10 naira note.
How do I convert EFX to naira?
EFX to NGN Conversion Table.
|Effect.AI (EFX)||Naira (NGN)|
|1 EFX||=||17.34 NGN|
|2 EFX||=||34.69 NGN|
|3 EFX||=||52.03 NGN|
|5 EFX||=||86.72 NGN|
Who are on the naira notes?
Most of the banknotes contain images of previous political leaders important in Nigeria’s history; for example, Sir Abubakar Tafawa Balewa, Nigeria’s first prime minister, is pictured on the 5-naira note, and Nnamdi Azikiwe, Nigeria’s first president, is on the 500-naira note.
What currency did Nigeria use before naira?
The Nigerian pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence.
What was the first currency used in Nigeria?
The first major currency issue in Nigeria was undertaken sequel to the colonial ordinance of 1880 which introduced the Shillings and Pence as the legal tender currency in British West Africa.
What is the highest currency in Nigeria?
Currently the highest currency denomination is 1,000 Naira.