Frequent question: Who made 500 naira?

Series current Nigerian naira banknotes
Composition material Paper
Dimensions 151 × 78 mm
Landmark Dr Nnamdi Azikiwe 1904 – 1996
Person Nnamdi Benjamin Azikiwe “Zik”

Who introduced 500 Naira note?

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.

What is at the back of 500 naira note?

Nigeria 500 Naira (2001-2010) Front: Dr. Nnamdi Azikiwe (1904-1996) – First President of the Federal Republic of Nigeria. Ornamental security patterns adapted from Nigerian traditional art. Back: Offshore oil rig platform.

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 They were withdrawn from circulation in 2009.

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When did 1000 naira note came out?

500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005. On February 28th 2007, as part of the economic reforms, N50, N20, N10 and N5 banknotes and N1 and 50K coins, were reissued in new designs. While a new denomination N2 coin was introduced.

What is the Colour of 1000 naira?

It is a shimmery gold colour showing 1000 naira. The triangular shape in the middle of the front of the note changes its colour from green to blue when tilted.

Banknotes.

CollapseCurrently Circulating Banknotes [1] 1999–2005 Series ₦1000
151 × 78 mm
Purple
Alhaji Aliyu Mai-Bornu, Dr. Clement Isong

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 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.

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.

What is money called in Nigeria?

Nigerian naira

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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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 is the highest currency in Nigeria?

Currently the highest currency denomination is 1,000 Naira.

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.

Who introduced one thousand naira?

President Olusegun Obasanjo yesterday formally launched the new N1000 note, which is the last lap in the series of the approved higher denomination notes and challenged the Central Bank of Nigeria and the Nigeria Security Minting and Printing Company to brace up to added responsibility that would arise as Africa moves …

How do I convert kobo to naira?

The naira is the currency of Nigeria. It is subdivided into 100 kobo.

Quick Conversions from Nigerian Naira to Nigerian Naira : 1 NGN = 1 NGN.

NGN NGN
₦ 5 ₦ 5.00
₦ 10 ₦ 10.00
₦ 50 ₦ 50.00
₦ 100 ₦ 100.00
Hai Afrika!