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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Currency Withdrawn: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

N500 Naira Note

Dimensions
151mm x 78mm

Date Released
4th April, 2001

Design:
The N500 note represents one of the new generation of currency notes in the Nigerian currency system. Machine engraved patterns of various characters appear on the design. These patterns provide the tactile quality so essential to the security of the banknote. Bold colours have been used on the back-ground tint to link securely with the engraving and help give a distinctive identification to the design.

On the front of the note is a portrait of Dr. Nnamdi Azikiwe - first President of the Federal Republic of Nigeria. At the back of the note is the picture of an off-shore oil-rig.

Read about Dr. Nnamdi Azikiwe.
See the security features of the N500 note
See frequently asked questions on Currency Management

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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Central Bank of Nigeria:: Did You Find