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Currency Gallery

Currency | History of Nigerian Currency | Legal Tender | Currency Gallery | Security Features | Features of Nigerian Currency | Clean Notes Policy

Currency in Circulation:

Notes: N1000 | N500 | N200| N100 C | N100 | N50 | N20 | N10 | N5
Coins: N2 | N 1 | 50 Kobo

Currency Withdrawn:

 Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007

1979 Currency Issue

On 2nd July, 1979, new currency notes of three denominations, namely, (N1), (N5), and (N10) were introduced. These notes were of the same size i.e., 151 x 78 mm as the N20 note issued on the 11th of February, 1977. In order to facilitate identification, distinctive colours which were similar to those of the existing banknotes of the various denominations were used. The notes bear the portraits of three eminent Nigerians, who were declared national heroes on the 1st of October, 1978. The engravings on the back of the notes reflected cultural aspects of the country.

All the notes were withdrawn in 1984 and reissued in new colours.

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Withdrawn: 1984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Withdrawn: 1979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Withdrawn: 1979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Withdrawn: 1979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Withdrawn: 1979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
Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Ten Kobo
Material: Silver
Withdrawn: 1979
Reissued in Bronze in 1991
Five Kobo
Material: Silver
Withdrawn: 1991
One Kobo
Material: Bronze
Withdrawn:
Still in circulation
Half Kobo
Material: Copper

See frequently asked questions on Currency Management

Facts : 3/1/1993
Nigerian Inter-Bank Settlement System:In March 1993, the Nigerian Inter-Bank Settlement System (NIBSS) was incorportaed to enhance the speed and effeciency of the national clearing system.
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