Frequent question: How many denomination of Naira note do we have in Nigeria?

Nigerian naira
Banknotes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Coins 50 kobo, ₦1, ₦2
Demographics
User(s) Nigeria

Who is on 1000 naira note in Nigeria?

The Central Bank of Nigeria started issuing these 1000 Nigerian Naira banknotes in 2005. They are currently still in circulation. The 1000 Naira banknote is the highest value paper money note in Nigeria. On the obverse side of the ₦1000 bill are the portraits of Mallam Alijy Mai-Bornu and Dr Clement Nyong Isong.

Do we have 5000 naira note in Nigeria?

The federal government Tuesday formally endorsed the introduction of the 5,000 naira note introduction despite the criticism that has greeted its introduction.

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 They were withdrawn from circulation in 2009.

What is the highest denomination in Nigeria?

Currently the highest currency denomination is 1,000 Naira.

Who is in 10 Naira note?

Alvan Ikoku is the man on the 10 naira note.

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Who is in 5 naira note?

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.

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.

What is new money called in Nigeria?

The Naira (sign: ₦; code: NGN) is the currency of Nigeria. One naira is divided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria.

Nigerian naira
Naira
ISO 4217
Code NGN
Denominations

Is there 2000 naira note in Nigeria?

The West African Currency Board was responsible for issuing currency notes in Nigeria from 1912 to 1959. These are 100 Naira(1999), 200 Naira note (2000). … 500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005.

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.

Who is on the 200 naira note?

The 200 Nigerian naira note front design features Ahmadu Ibrahim Bello, Sardauna of Sokoto (1910 – 1966), was a Nigeran statesman knighted as Sir Ahmadu Bello, who planned northern Nigeria through Nigerian independence in 1960 and was its first and only prime minister between 1954 and 1966, before his assassination.

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How do I convert EFX to naira?

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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

Does Nigeria print their own money?

The Nigerian Security Printing and Minting Company Limited Plc is the Nigerian banknote printer and mint. It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria. In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria.

Hai Afrika!