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The history of Nigerian naira notes dates back to the introduction of the currency on 1 January 1973. The Central Bank of Nigeria (CBN) is responsible for issuing and regulating the circulation of Naira notes. The initial series of notes featured iconic Nigerian symbols and leaders. [1] [2] [3]
On 1 January 1973, the Central Bank of Nigeria introduced notes for 50 kobo, ₦1, ₦5, ₦10 and ₦20: in April 1984, the colors of all naira banknotes were changed in an attempt to control money laundering. [12] In 1991, ₦50 notes were issued, while the 50 kobo and ₦1 notes were replaced by coins in 1991.
This page was last edited on 18 September 2023, at 14:26 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.
The Nigerian fifty-naira note (₦ 50 or NGN 50) is a denomination of the Nigerian currency. When the note was introduced in October of 1991, it was the banknote with the highest denomination in Nigeria at the time. [1] [2]
Obafemi Awolowo, a nationalist and statesman who played a key role in Nigeria's independence movement, has been featured on the obverse of the bill since 1999. An image of Zuma Rock in Niger State once appeared on the reverse of the banknote, but was replaced by a group of traditionally dressed people in the Centenary note issued on the 19th ...
In this photo released by the Nigeria State House, Nigeria’s central bank governor, Godwin Emefile, left, presents the newly designed currency notes to Nigeria’s President Muhammadu Buhari ...
The first Nigerian note with this value was issued in November 2000. [1] Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination. [2]
Nigerian one thousand-naira note ( ₦ 1000 or NGN 1000) is a denomination of the Nigerian currency. The one thousand-naira note was introduced in October 2005. [1] On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note. [2]