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<li id="toc-Coins" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Coins"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.1</span> <span>Coins</span> </div> </a> <ul id="toc-Coins-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Banknotes_of_Nigeria" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Banknotes_of_Nigeria"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2</span> <span>Banknotes of Nigeria</span> </div> </a> <ul id="toc-Banknotes_of_Nigeria-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Second_naira" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Second_naira"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Second naira</span> </div> </a> <button aria-controls="toc-Second_naira-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Second naira subsection</span> </button> <ul id="toc-Second_naira-sublist" class="vector-toc-list"> <li id="toc-Coins_2" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Coins_2"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.1</span> <span>Coins</span> </div> </a> <ul id="toc-Coins_2-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Banknotes" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Banknotes"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.2</span> <span>Banknotes</span> </div> </a> <ul id="toc-Banknotes-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-2022_redesign" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#2022_redesign"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>2022 redesign</span> </div> </a> <ul id="toc-2022_redesign-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Hidden_naira_notes" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Hidden_naira_notes"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Hidden naira notes</span> </div> </a> <ul id="toc-Hidden_naira_notes-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Exchange_rates" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Exchange_rates"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Exchange rates</span> </div> </a> <ul id="toc-Exchange_rates-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Toggle the table of contents</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Nigerian naira</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. Available in 53 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-53" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">53 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-af mw-list-item"><a href="https://af.wikipedia.org/wiki/Nigeriese_naira" title="Nigeriese naira – Afrikaans" lang="af" hreflang="af" data-title="Nigeriese naira" data-language-autonym="Afrikaans" data-language-local-name="Afrikaans" class="interlanguage-link-target"><span>Afrikaans</span></a></li><li class="interlanguage-link interwiki-ar mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D9%86%D9%8A%D8%B1%D8%A9_%D9%86%D9%8A%D8%AC%D9%8A%D8%B1%D9%8A%D8%A9" title="نيرة نيجيرية – Arabic" lang="ar" hreflang="ar" data-title="نيرة نيجيرية" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-zh-min-nan mw-list-item"><a href="https://zh-min-nan.wikipedia.org/wiki/Nigeria_naira" title="Nigeria naira – Minnan" lang="nan" hreflang="nan" data-title="Nigeria naira" data-language-autonym="閩南語 / Bân-lâm-gú" data-language-local-name="Minnan" class="interlanguage-link-target"><span>閩南語 / Bân-lâm-gú</span></a></li><li class="interlanguage-link interwiki-be mw-list-item"><a href="https://be.wikipedia.org/wiki/%D0%9D%D0%B0%D0%B9%D1%80%D0%B0" title="Найра – Belarusian" lang="be" hreflang="be" data-title="Найра" data-language-autonym="Беларуская" data-language-local-name="Belarusian" class="interlanguage-link-target"><span>Беларуская</span></a></li><li class="interlanguage-link interwiki-be-x-old mw-list-item"><a href="https://be-tarask.wikipedia.org/wiki/%D0%9D%D1%96%D0%B3%D0%B5%D1%80%D1%8B%D0%B9%D1%81%D0%BA%D0%B0%D1%8F_%D0%BD%D0%B0%D0%B9%D1%80%D0%B0" title="Нігерыйская найра – Belarusian (Taraškievica orthography)" lang="be-tarask" hreflang="be-tarask" data-title="Нігерыйская найра" data-language-autonym="Беларуская (тарашкевіца)" data-language-local-name="Belarusian (Taraškievica orthography)" class="interlanguage-link-target"><span>Беларуская (тарашкевіца)</span></a></li><li class="interlanguage-link interwiki-bg mw-list-item"><a href="https://bg.wikipedia.org/wiki/%D0%9D%D0%B8%D0%B3%D0%B5%D1%80%D0%B8%D0%B9%D1%81%D0%BA%D0%B0_%D0%BD%D0%B0%D0%B9%D1%80%D0%B0" title="Нигерийска найра – Bulgarian" lang="bg" hreflang="bg" data-title="Нигерийска найра" data-language-autonym="Български" data-language-local-name="Bulgarian" class="interlanguage-link-target"><span>Български</span></a></li><li class="interlanguage-link interwiki-ca mw-list-item"><a href="https://ca.wikipedia.org/wiki/Naira" title="Naira – Catalan" lang="ca" hreflang="ca" data-title="Naira" data-language-autonym="Català" data-language-local-name="Catalan" class="interlanguage-link-target"><span>Català</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/Nigerijsk%C3%A1_naira" title="Nigerijská naira – Czech" lang="cs" hreflang="cs" data-title="Nigerijská naira" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Naira" title="Naira – German" lang="de" hreflang="de" data-title="Naira" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-el mw-list-item"><a href="https://el.wikipedia.org/wiki/%CE%9D%CE%AC%CE%B9%CF%81%CE%B1" title="Νάιρα – Greek" lang="el" hreflang="el" data-title="Νάιρα" data-language-autonym="Ελληνικά" data-language-local-name="Greek" class="interlanguage-link-target"><span>Ελληνικά</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Naira" title="Naira – Spanish" lang="es" hreflang="es" data-title="Naira" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-eo mw-list-item"><a href="https://eo.wikipedia.org/wiki/Ni%C4%9Deria_najro" title="Niĝeria najro – Esperanto" lang="eo" hreflang="eo" data-title="Niĝeria najro" data-language-autonym="Esperanto" data-language-local-name="Esperanto" class="interlanguage-link-target"><span>Esperanto</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D9%86%D8%A7%DB%8C%D8%B1%D8%A7_%D9%86%DB%8C%D8%AC%D8%B1%DB%8C%D9%87" title="نایرا نیجریه – Persian" lang="fa" hreflang="fa" data-title="نایرا نیجریه" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Naira" title="Naira – French" lang="fr" hreflang="fr" data-title="Naira" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-gl mw-list-item"><a href="https://gl.wikipedia.org/wiki/Naira" title="Naira – Galician" lang="gl" hreflang="gl" data-title="Naira" data-language-autonym="Galego" data-language-local-name="Galician" class="interlanguage-link-target"><span>Galego</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EB%82%98%EC%9D%B4%EC%A7%80%EB%A6%AC%EC%95%84_%EB%82%98%EC%9D%B4%EB%9D%BC" title="나이지리아 나이라 – Korean" lang="ko" hreflang="ko" data-title="나이지리아 나이라" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-ha mw-list-item"><a href="https://ha.wikipedia.org/wiki/Naira" title="Naira – Hausa" lang="ha" hreflang="ha" data-title="Naira" data-language-autonym="Hausa" data-language-local-name="Hausa" class="interlanguage-link-target"><span>Hausa</span></a></li><li class="interlanguage-link interwiki-hy mw-list-item"><a href="https://hy.wikipedia.org/wiki/%D5%86%D5%AB%D5%A3%D5%A5%D6%80%D5%AB%D5%A1%D5%AF%D5%A1%D5%B6_%D5%B6%D5%A1%D5%B5%D6%80%D5%A1" title="Նիգերիական նայրա – Armenian" lang="hy" hreflang="hy" data-title="Նիգերիական նայրա" data-language-autonym="Հայերեն" data-language-local-name="Armenian" class="interlanguage-link-target"><span>Հայերեն</span></a></li><li class="interlanguage-link interwiki-hr mw-list-item"><a href="https://hr.wikipedia.org/wiki/Nigerijska_naira" title="Nigerijska naira – Croatian" lang="hr" hreflang="hr" data-title="Nigerijska naira" data-language-autonym="Hrvatski" data-language-local-name="Croatian" class="interlanguage-link-target"><span>Hrvatski</span></a></li><li class="interlanguage-link interwiki-bpy mw-list-item"><a href="https://bpy.wikipedia.org/wiki/%E0%A6%A8%E0%A6%BE%E0%A6%87%E0%A6%9C%E0%A7%87%E0%A6%B0%E0%A6%BF%E0%A6%AF%E0%A6%BC%E0%A6%BE%E0%A6%A8_%E0%A6%A8%E0%A6%BE%E0%A6%87%E0%A6%B0%E0%A6%BE" title="নাইজেরিয়ান নাইরা – Bishnupriya" lang="bpy" hreflang="bpy" data-title="নাইজেরিয়ান নাইরা" data-language-autonym="বিষ্ণুপ্রিয়া মণিপুরী" data-language-local-name="Bishnupriya" class="interlanguage-link-target"><span>বিষ্ণুপ্রিয়া মণিপুরী</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Naira_Nigeria" title="Naira Nigeria – Indonesian" lang="id" hreflang="id" data-title="Naira Nigeria" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Naira_nigeriana" title="Naira nigeriana – Italian" lang="it" hreflang="it" data-title="Naira nigeriana" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A0%D7%90%D7%99%D7%A8%D7%94" title="נאירה – Hebrew" lang="he" hreflang="he" data-title="נאירה" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-lt mw-list-item"><a href="https://lt.wikipedia.org/wiki/Naira" title="Naira – Lithuanian" lang="lt" hreflang="lt" data-title="Naira" data-language-autonym="Lietuvių" data-language-local-name="Lithuanian" class="interlanguage-link-target"><span>Lietuvių</span></a></li><li class="interlanguage-link interwiki-hu mw-list-item"><a href="https://hu.wikipedia.org/wiki/Nig%C3%A9riai_naira" title="Nigériai naira – Hungarian" lang="hu" hreflang="hu" data-title="Nigériai naira" data-language-autonym="Magyar" data-language-local-name="Hungarian" class="interlanguage-link-target"><span>Magyar</span></a></li><li class="interlanguage-link interwiki-mk mw-list-item"><a href="https://mk.wikipedia.org/wiki/%D0%9D%D0%B8%D0%B3%D0%B5%D1%80%D0%B8%D1%81%D0%BA%D0%B0_%D0%BD%D0%B0%D0%B8%D1%80%D0%B0" title="Нигериска наира – Macedonian" lang="mk" hreflang="mk" data-title="Нигериска наира" data-language-autonym="Македонски" data-language-local-name="Macedonian" class="interlanguage-link-target"><span>Македонски</span></a></li><li class="interlanguage-link interwiki-mr mw-list-item"><a href="https://mr.wikipedia.org/wiki/%E0%A4%A8%E0%A4%BE%E0%A4%AF%E0%A4%9C%E0%A5%87%E0%A4%B0%E0%A4%BF%E0%A4%AF%E0%A4%A8_%E0%A4%A8%E0%A4%BE%E0%A4%87%E0%A4%B0%E0%A4%BE" title="नायजेरियन नाइरा – Marathi" lang="mr" hreflang="mr" data-title="नायजेरियन नाइरा" data-language-autonym="मराठी" data-language-local-name="Marathi" class="interlanguage-link-target"><span>मराठी</span></a></li><li class="interlanguage-link interwiki-arz mw-list-item"><a href="https://arz.wikipedia.org/wiki/%D9%86%D9%8A%D8%B1%D9%87_%D9%86%D9%8A%D8%AC%D9%8A%D8%B1%D9%8A%D9%87" title="نيره نيجيريه – Egyptian Arabic" lang="arz" hreflang="arz" data-title="نيره نيجيريه" data-language-autonym="مصرى" data-language-local-name="Egyptian Arabic" class="interlanguage-link-target"><span>مصرى</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/Naira_Nigeria" title="Naira Nigeria – Malay" lang="ms" hreflang="ms" data-title="Naira Nigeria" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/Nigeriaanse_naira" title="Nigeriaanse naira – Dutch" lang="nl" hreflang="nl" data-title="Nigeriaanse naira" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E3%83%8A%E3%82%A4%E3%83%A9" title="ナイラ – Japanese" lang="ja" hreflang="ja" data-title="ナイラ" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-frr mw-list-item"><a href="https://frr.wikipedia.org/wiki/Naira" title="Naira – Northern Frisian" lang="frr" hreflang="frr" data-title="Naira" data-language-autonym="Nordfriisk" data-language-local-name="Northern Frisian" class="interlanguage-link-target"><span>Nordfriisk</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Nigeriansk_naira" title="Nigeriansk naira – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Nigeriansk naira" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-oc mw-list-item"><a href="https://oc.wikipedia.org/wiki/Naira" title="Naira – Occitan" lang="oc" hreflang="oc" data-title="Naira" data-language-autonym="Occitan" data-language-local-name="Occitan" class="interlanguage-link-target"><span>Occitan</span></a></li><li class="interlanguage-link interwiki-ps mw-list-item"><a href="https://ps.wikipedia.org/wiki/%D8%AF_%D9%86%DB%8C%D8%AC%D8%B1%DB%8C%D9%87_%D9%86%D8%A7%DB%8C%D8%B1%D8%A7" title="د نیجریه نایرا – Pashto" lang="ps" hreflang="ps" data-title="د نیجریه نایرا" data-language-autonym="پښتو" data-language-local-name="Pashto" class="interlanguage-link-target"><span>پښتو</span></a></li><li class="interlanguage-link interwiki-pl mw-list-item"><a href="https://pl.wikipedia.org/wiki/Naira" title="Naira – Polish" lang="pl" hreflang="pl" data-title="Naira" data-language-autonym="Polski" data-language-local-name="Polish" class="interlanguage-link-target"><span>Polski</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Naira" title="Naira – Portuguese" lang="pt" hreflang="pt" data-title="Naira" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%9D%D0%B0%D0%B9%D1%80%D0%B0" title="Найра – Russian" lang="ru" hreflang="ru" data-title="Найра" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-simple mw-list-item"><a href="https://simple.wikipedia.org/wiki/Nigerian_naira" title="Nigerian naira – Simple English" lang="en-simple" hreflang="en-simple" data-title="Nigerian naira" data-language-autonym="Simple English" data-language-local-name="Simple English" class="interlanguage-link-target"><span>Simple English</span></a></li><li class="interlanguage-link interwiki-sk mw-list-item"><a href="https://sk.wikipedia.org/wiki/Naira" title="Naira – Slovak" lang="sk" hreflang="sk" data-title="Naira" data-language-autonym="Slovenčina" data-language-local-name="Slovak" class="interlanguage-link-target"><span>Slovenčina</span></a></li><li class="interlanguage-link interwiki-sr mw-list-item"><a href="https://sr.wikipedia.org/wiki/%D0%9D%D0%B8%D0%B3%D0%B5%D1%80%D0%B8%D1%98%D1%81%D0%BA%D0%B0_%D0%BD%D0%B0%D0%B8%D1%80%D0%B0" title="Нигеријска наира – Serbian" lang="sr" hreflang="sr" data-title="Нигеријска наира" data-language-autonym="Српски / srpski" data-language-local-name="Serbian" class="interlanguage-link-target"><span>Српски / srpski</span></a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Naira" title="Naira – Finnish" lang="fi" hreflang="fi" data-title="Naira" data-language-autonym="Suomi" data-language-local-name="Finnish" class="interlanguage-link-target"><span>Suomi</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/Naira" title="Naira – Swedish" lang="sv" hreflang="sv" data-title="Naira" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-tl mw-list-item"><a href="https://tl.wikipedia.org/wiki/Naira_ng_Nigeria" title="Naira ng Nigeria – Tagalog" lang="tl" hreflang="tl" data-title="Naira ng Nigeria" data-language-autonym="Tagalog" data-language-local-name="Tagalog" class="interlanguage-link-target"><span>Tagalog</span></a></li><li class="interlanguage-link interwiki-th mw-list-item"><a href="https://th.wikipedia.org/wiki/%E0%B9%84%E0%B8%99%E0%B8%A3%E0%B8%B2" title="ไนรา – Thai" lang="th" hreflang="th" data-title="ไนรา" data-language-autonym="ไทย" data-language-local-name="Thai" class="interlanguage-link-target"><span>ไทย</span></a></li><li class="interlanguage-link interwiki-tg mw-list-item"><a href="https://tg.wikipedia.org/wiki/%D0%9D%D0%B0%D0%B9%D1%80%D0%B0%D0%B8_%D0%9D%D0%B8%D0%B3%D0%B5%D1%80%D0%B8%D1%8F" title="Найраи Нигерия – Tajik" lang="tg" hreflang="tg" data-title="Найраи Нигерия" data-language-autonym="Тоҷикӣ" data-language-local-name="Tajik" class="interlanguage-link-target"><span>Тоҷикӣ</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Nijerya_nairas%C4%B1" title="Nijerya nairası – Turkish" lang="tr" hreflang="tr" data-title="Nijerya nairası" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-tk mw-list-item"><a href="https://tk.wikipedia.org/wiki/Na%C3%BDra" title="Naýra – Turkmen" lang="tk" hreflang="tk" data-title="Naýra" data-language-autonym="Türkmençe" data-language-local-name="Turkmen" class="interlanguage-link-target"><span>Türkmençe</span></a></li><li class="interlanguage-link interwiki-kcg mw-list-item"><a href="https://kcg.wikipedia.org/wiki/Nera" title="Nera – Tyap" lang="kcg" hreflang="kcg" data-title="Nera" data-language-autonym="Tyap" data-language-local-name="Tyap" class="interlanguage-link-target"><span>Tyap</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a 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print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">"Naira" redirects here. For other uses, see <a href="/wiki/Naira_(disambiguation)" class="mw-disambig" title="Naira (disambiguation)">Naira (disambiguation)</a>.</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><table class="infobox"><caption class="infobox-title">Nigerian naira</caption><tbody><tr><td colspan="2" class="infobox-image"><span typeof="mw:File"><a href="/wiki/File:Azikiwe_500_Naira_note.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Azikiwe_500_Naira_note.jpg/252px-Azikiwe_500_Naira_note.jpg" decoding="async" width="252" height="132" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Azikiwe_500_Naira_note.jpg/378px-Azikiwe_500_Naira_note.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/ba/Azikiwe_500_Naira_note.jpg/504px-Azikiwe_500_Naira_note.jpg 2x" data-file-width="1755" data-file-height="922" /></a></span><div class="infobox-caption">500 naira banknote</div></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue"><a href="/wiki/ISO_4217" title="ISO 4217">ISO 4217</a></th></tr><tr><th scope="row" class="infobox-label">Code</th><td class="infobox-data">NGN (numeric: <style data-mw-deduplicate="TemplateStyles:r886049734">.mw-parser-output .monospaced{font-family:monospace,monospace}</style><span class="monospaced">566</span>)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/ISO_4217#Minor_unit_decimals" title="ISO 4217">Subunit</a></th><td class="infobox-data"><span class="nowrap"><span data-sort-value="6998100000000000000♠"></span>0.01</span></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue">Unit</th></tr><tr><th scope="row" class="infobox-label">Plural</th><td class="infobox-data">naira</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Currency_symbol" title="Currency symbol">Symbol</a></th><td class="infobox-data"><span style="font-size:120%">₦</span>‎</td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue"><a href="/wiki/Denomination_(currency)" title="Denomination (currency)">Denominations</a></th></tr><tr><th scope="row" class="infobox-label">Subunit</th><td class="infobox-data"></td></tr><tr><th scope="row" class="infobox-label"><style data-mw-deduplicate="TemplateStyles:r886047488">.mw-parser-output .nobold{font-weight:normal}</style><span class="nobold"> <sup>1</sup>⁄<sub>100</sub></span></th><td class="infobox-data">kobo</td></tr><tr><th scope="row" class="infobox-label">Plural</th><td class="infobox-data"></td></tr><tr><th scope="row" class="infobox-label"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886047488"><span class="nobold"> kobo</span></th><td class="infobox-data">kobo</td></tr><tr><th scope="row" class="infobox-label">Banknotes</th><td class="infobox-data"><a href="/w/index.php?title=%E2%82%A65&action=edit&redlink=1" class="new" title="₦5 (page does not exist)">₦5</a>, <a href="/w/index.php?title=%E2%82%A610&action=edit&redlink=1" class="new" title="₦10 (page does not exist)">₦10</a>, <a href="/w/index.php?title=%E2%82%A620&action=edit&redlink=1" class="new" title="₦20 (page does not exist)">₦20</a>, <a href="/w/index.php?title=%E2%82%A650&action=edit&redlink=1" class="new" title="₦50 (page does not exist)">₦50</a>, <a href="/wiki/Nigerian_one-hundred-naira_note" title="Nigerian one-hundred-naira note">₦100</a>, <a href="/wiki/Nigerian_two-hundred-naira_note" title="Nigerian two-hundred-naira note">₦200</a>, <a href="/wiki/Nigerian_five-hundred-naira_note" title="Nigerian five-hundred-naira note">₦500</a>, <a href="/wiki/Nigerian_one-thousand-naira_note" title="Nigerian one-thousand-naira note">₦1000</a></td></tr><tr><th scope="row" class="infobox-label">Coins</th><td class="infobox-data">50 kobo, ₦1, ₦2</td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue">Demographics</th></tr><tr><th scope="row" class="infobox-label">Date of introduction</th><td class="infobox-data">1 January 1973</td></tr><tr><th scope="row" class="infobox-label">Replaced</th><td class="infobox-data"><a href="/wiki/Nigerian_pound" title="Nigerian pound">Nigerian pound</a></td></tr><tr><th scope="row" class="infobox-label">User(s)</th><td class="infobox-data"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/7/79/Flag_of_Nigeria.svg/23px-Flag_of_Nigeria.svg.png" decoding="async" width="23" height="12" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/79/Flag_of_Nigeria.svg/35px-Flag_of_Nigeria.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/79/Flag_of_Nigeria.svg/46px-Flag_of_Nigeria.svg.png 2x" data-file-width="1200" data-file-height="600" /></span></span> </span><a href="/wiki/Nigeria" title="Nigeria">Nigeria</a></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue">Issuance</th></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Central_bank" title="Central bank">Central bank</a></span></th><td class="infobox-data"><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Central Bank of Nigeria</a></td></tr><tr><th scope="row" class="infobox-label"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886047488"><span class="nobold"> Website</span></th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.cenbank.org">www<wbr />.cenbank<wbr />.org</a></span></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Printer_(publishing)" title="Printer (publishing)">Printer</a></th><td class="infobox-data"><a href="/wiki/Nigerian_Security_Printing_and_Minting_Company_Limited" title="Nigerian Security Printing and Minting Company Limited">Nigerian Security Printing and Minting Company Limited</a></td></tr><tr><th scope="row" class="infobox-label"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886047488"><span class="nobold"> Website</span></th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.mintnigeria.com">www<wbr />.mintnigeria<wbr />.com</a></span></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Mint_(facility)" title="Mint (facility)">Mint</a></th><td class="infobox-data"><a href="/wiki/Nigerian_Security_Printing_and_Minting_Company_Limited" title="Nigerian Security Printing and Minting Company Limited">Nigerian Security Printing and Minting Company Limited</a></td></tr><tr><th scope="row" class="infobox-label"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886047488"><span class="nobold"> Website</span></th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.mintnigeria.com">www<wbr />.mintnigeria<wbr />.com</a></span></td></tr><tr><th colspan="2" class="infobox-header" style="background-color: lightskyblue">Valuation</th></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Monetary_inflation" title="Monetary inflation">Inflation</a></th><td class="infobox-data">28. 9%<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886047488"><span class="nobold"> Source</span></th><td class="infobox-data">January 2024</td></tr></tbody></table> <p>The <b>naira</b> (<a href="/wiki/Currency_sign" class="mw-redirect" title="Currency sign">sign</a>: <b>₦</b>; <a href="/wiki/ISO_4217" title="ISO 4217">code</a>: <b>NGN</b>; <a href="/wiki/Yoruba_language" title="Yoruba language">Yoruba</a>: <i lang="yo">náírà</i>, <a href="/wiki/Hausa_language" title="Hausa language">Hausa</a>: <span lang="ha" dir="rtl">نَيْرَ</span>, <small>romanized: </small><span title="Hausa-language romanization"><i lang="ha-Latn">naira</i></span>, <a href="/wiki/Igbo_language" title="Igbo language">Igbo</a>: <i lang="ig">naịra</i>, <a href="/wiki/Tyap_language" class="mw-redirect" title="Tyap language">Tyap</a>: <i lang="kcg">nera</i>) is the <a href="/wiki/Currency" title="Currency">currency</a> of <a href="/wiki/Nigeria" title="Nigeria">Nigeria</a>. One naira is divided into 100 <i>kobo</i>.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p><p>The <a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Central Bank of Nigeria</a> (CBN) is the sole issuer of <a href="/wiki/Legal_tender" title="Legal tender">legal tender</a> money throughout the <a href="/wiki/Federal_Republic_of_Nigeria" class="mw-redirect" title="Federal Republic of Nigeria">Federal Republic of Nigeria</a>.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>A major <a href="/wiki/2023_Nigerian_currency_crisis" title="2023 Nigerian currency crisis">cash crunch occurred</a> in February 2023 when the <a href="/wiki/Government_of_Nigeria" class="mw-redirect" title="Government of Nigeria">Nigerian government</a> used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly-created government-sponsored <a href="/wiki/Central_bank_digital_currency" title="Central bank digital currency">central bank digital currency</a>. This led to extensive street protests.<sup id="cite_ref-africanews20230216_6-0" class="reference"><a href="#cite_note-africanews20230216-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-ktrend20230216_7-0" class="reference"><a href="#cite_note-ktrend20230216-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-dpost20230216_8-0" class="reference"><a href="#cite_note-dpost20230216-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The history of the currency according to the government.<sup id="cite_ref-auto_9-0" class="reference"><a href="#cite_note-auto-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>The naira was introduced on 1 January 1973,<sup id="cite_ref-auto_9-1" class="reference"><a href="#cite_note-auto-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> replacing the <a href="/wiki/Nigerian_pound" title="Nigerian pound">Nigerian pound</a> at a rate of £1 = ₦2.<sup id="cite_ref-auto1_10-0" class="reference"><a href="#cite_note-auto1-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the <a href="/wiki/Colonial_Nigeria" title="Colonial Nigeria">colonial government</a> of the <a href="/wiki/Federation_of_Nigeria" title="Federation of Nigeria">Federation of Nigeria</a> in 1959, with the name of <a href="/wiki/Elizabeth_II" title="Elizabeth II">Queen Elizabeth II</a> on the obverse.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> This also made Nigeria the last country in the world to abandon the <a href="/wiki/%C2%A3sd" title="£sd">£sd</a> currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The <a href="/wiki/Currency_sign" class="mw-redirect" title="Currency sign">currency sign</a> is <span class="nowrap"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r886049734"><span class="monospaced">U+20A6</span> </span><span style="font-size:125%;line-height:1em">₦</span> <span style="font-variant: small-caps; text-transform: lowercase;">NAIRA SIGN</span>. </p><p>The name "Naira" was coined from the word "Nigeria" by <a href="/wiki/Obafemi_Awolowo" title="Obafemi Awolowo">Obafemi Awolowo</a>.<sup id="cite_ref-cnd-history_12-0" class="reference"><a href="#cite_note-cnd-history-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> However, Naira as a currency was launched by <a href="/wiki/Shehu_Shagari" title="Shehu Shagari">Shehu Shagari</a> as minister of finance in 1973. </p><p>The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to a reduction in fuel subsidies.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>From 20 June 2016, the naira was allowed to float, after being pegged at ₦197 to US$1 for several months.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> Trade<sup class="noprint Inline-Template" style="margin-left:0.1em; white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Words_to_watch#Unsupported_attributions" title="Wikipedia:Manual of Style/Words to watch"><span title="The material near this tag may use weasel words or too-vague attribution. (February 2023)">according to whom?</span></a></i>]</sup> speculated the natural range of the naira would be between ₦280 and ₦350 to the dollar.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup><sup class="noprint Inline-Template" style="margin-left:0.1em; white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The text near this tag is dated. (January 2017)">needs update</span></a></i>]</sup> </p><p>In October 2021, the eNaira, the digital version of the state currency, was officially launched in Nigeria by President Muhammadu Buhari.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p><p>The <a href="/wiki/2023_Nigerian_currency_crisis" title="2023 Nigerian currency crisis">2023 Nigerian currency crisis</a> was precipitated in January 2023 by a shortage of naira cash amid an attempt by the <a href="/wiki/Government_of_Nigeria" class="mw-redirect" title="Government of Nigeria">Nigerian government</a> to force citizens to use newly-designed notes, which the government said would help stem the tide of vote-buying in the lead-up to the <a href="/wiki/2023_Nigerian_elections" title="2023 Nigerian elections">2023 general elections</a>. This led to extensive street protests throughout January and February 2023.<sup id="cite_ref-africanews20230216_6-1" class="reference"><a href="#cite_note-africanews20230216-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-ktrend20230216_7-1" class="reference"><a href="#cite_note-ktrend20230216-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-dpost20230216_8-1" class="reference"><a href="#cite_note-dpost20230216-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> The country's <a href="/wiki/Supreme_Court_of_Nigeria" title="Supreme Court of Nigeria">Supreme Court</a> later invalidated the government's pronouncement that the previous notes had ceased to become legal tender.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p><p>On 14 June 2023, the Naira fell 23% in a day, to a rate of ₦600 to US$1, as the central bank abandoned its currency peg and allowed the naira to trade freely.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> On 19 July 2023, the Naira fell to a new record low of ₦853 to US$1.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> </p><p>Between the 1st Feb 2024 and the 5th Feb 2024, the currency fell again, more than 50%, from NGN 898 to NGN 1,400, before drifting down to NGN 1,600 as of 30 July 2024 <sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Coins">Coins</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=2" title="Edit section: Coins"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Nigerian central bank info as of 2022 is in this source:<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> </p><p>In 1973, coins were introduced in denominations of <style data-mw-deduplicate="TemplateStyles:r1154941027">.mw-parser-output .frac{white-space:nowrap}.mw-parser-output .frac .num,.mw-parser-output .frac .den{font-size:80%;line-height:0;vertical-align:super}.mw-parser-output .frac .den{vertical-align:sub}.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);clip-path:polygon(0px 0px,0px 0px,0px 0px);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}</style><span class="frac"><span class="num">1</span>⁄<span class="den">2</span></span>, 1, 5, 10 and 25 kobo, with the <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1154941027"><span class="frac"><span class="num">1</span>⁄<span class="den">2</span></span> and 1 kobo in bronze and the higher denominations in cupro-nickel. The <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1154941027"><span class="frac"><span class="num">1</span>⁄<span class="den">2</span></span> kobo coins were minted only that year. In 1991, smaller 1, 10 and 25 kobo coins were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and ₦1. On 28 February 2007, new coins were issued in denominations of 50 kobo, ₦1 and ₦2, with the ₦1 and ₦2 bimetallic. Some Nigerians expressed concerns over the usability of the ₦2 coin.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> The deadline for exchanging the old currency was set at 31 May 2007.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> The central bank stated that the <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1154941027"><span class="frac"><span class="num">1</span>⁄<span class="den">2</span></span> to 25 kobo coins were withdrawn from circulation with effect from 28 February 2007.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> </p> <ul><li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1154941027"><span class="frac"><span class="num">1</span>⁄<span class="den">2</span></span> kobo<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup></li> <li>1 kobo<sup id="cite_ref-auto1_10-1" class="reference"><a href="#cite_note-auto1-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup></li> <li>5 kobo<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup></li> <li>10 kobo<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup></li> <li>25 kobo<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup></li> <li>50 kobo<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup></li> <li>1 naira<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup></li> <li>2 naira<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading3"><h3 id="Banknotes_of_Nigeria">Banknotes of Nigeria</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=3" title="Edit section: Banknotes of Nigeria"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Old_nigerian_currencies.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/87/Old_nigerian_currencies.jpg/220px-Old_nigerian_currencies.jpg" decoding="async" width="220" height="148" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/87/Old_nigerian_currencies.jpg/330px-Old_nigerian_currencies.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/87/Old_nigerian_currencies.jpg/440px-Old_nigerian_currencies.jpg 2x" data-file-width="5944" data-file-height="4000" /></a><figcaption>Old Nigerian currency</figcaption></figure> <p>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 <a href="/wiki/Money_laundering" title="Money laundering">money laundering</a>.<sup id="cite_ref-cnd-history_12-1" class="reference"><a href="#cite_note-cnd-history-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> In 1991, ₦50 notes were issued, while the 50 kobo and ₦1 notes were replaced by coins in 1991. This was followed by ₦100 in 1999, ₦200 in 2000, ₦500 in 2001 and <a href="/wiki/Nigerian_one_thousand-naira_note" class="mw-redirect" title="Nigerian one thousand-naira note">₦1,000</a> on 12 October 2005.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> </p><p>On 28 February 2007, new versions of the ₦5 to ₦50 banknotes were introduced. Originally the ₦10, ₦20 and ₦50 were to be <a href="/wiki/Polymer_banknote" title="Polymer banknote">polymer banknotes</a>,<sup id="cite_ref-Vanguard_34-0" class="reference"><a href="#cite_note-Vanguard-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> but the ₦5, ₦10 and ₦50 were delayed to late 2009 and only the ₦20 was released in polymer. The notes are slightly smaller (130 × 72 mm) and redesigned from the preceding issues. In mid-2009 when <a href="/wiki/Sanusi_Lamido_Sanusi" title="Sanusi Lamido Sanusi">Sanusi Lamido Sanusi</a> took over as CBN Governor,<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> The Central Bank of Nigeria changed the ₦5, ₦10 and <a href="/wiki/Nigerian_fifty-naira_note" title="Nigerian fifty-naira note">₦50</a> to polymer notes. </p><p>On the <a href="/wiki/Nigerian_one_thousand-naira_note" class="mw-redirect" title="Nigerian one thousand-naira note">₦1,000</a> notes, there is a subtle shiny strip running down the back of the note to prevent counterfeiting. The strip is a shimmery gold color showing ₦1,000 and has a triangular shape in the middle of the front of the note which changes its color from green to blue when tilted. The main feature on the front is the engraved portraits of Alhaji <a href="/wiki/Aliyu_Mai-Bornu" title="Aliyu Mai-Bornu">Aliyu Mai-Bornu</a> and Dr. <a href="/wiki/Clement_Isong" title="Clement Isong">Clement Isong</a>, both of which are former governors of the Central Bank of Nigeria.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> </p><p>On the first prints of the ₦100 notes issued starting 1 December 1999, <a href="/wiki/Zuma_Rock" title="Zuma Rock">Zuma Rock</a> was captioned as located in <a href="/wiki/Federal_Capital_Territory_(Nigeria)" title="Federal Capital Territory (Nigeria)">Federal Capital Territory</a>, while actually it is situated in <a href="/wiki/Niger_State" title="Niger State">Niger State</a>. Later prints removed the reference to FCT, ABUJA.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> </p><p>In 2012 the Central Bank of Nigeria was contemplating the introduction of new currency denominations of ₦5,000. The bank also made plans to convert ₦5, ₦10, ₦20 and <a href="/wiki/Nigerian_fifty-naira_note" title="Nigerian fifty-naira note">₦50</a> into coins which are all presently notes.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> </p><p>The Central Bank of Nigeria announced<sup class="noprint Inline-Template" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The time period mentioned near this tag is ambiguous. (February 2023)">when?</span></a></i>]</sup> that it would no longer issue banknotes on polymer citing higher costs and environmental issues.<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup> </p><p>On 12 November 2014, the Central Bank of Nigeria issued a ₦100 commemorative note to celebrate the centennial of Nigeria's existence. The notes are similar to its regular issue with the portrait of Chief Obafemi Awolowo on the front, but are redesigned to include a new color scheme, revised security features, and the text "One Nigeria, Great Promise" in microprinting. On the back is a <a href="/wiki/QR_code" title="QR code">QR code</a> (Quick Response code) which when scanned leads users to a website about Nigeria's history.<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup> </p><p>In 2019, the naira attained a landmark when it featured the signature of <a href="/wiki/Priscilla_Ekwere_Eleje" title="Priscilla Ekwere Eleje">Priscilla Ekwere Eleje</a>, the new Director of Currency operations of the Central Bank of Nigeria and the first woman to hold the post.<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup> and now in Nigeria we have two #200 notes,two #500 notes and two #1000 notes </p> <table class="wikitable collapsible autocollapse" style="font-size: 90%; width: 100%"> <tbody><tr> <th colspan="10">Currently circulating banknotes<sup id="cite_ref-cenbank.org_45-0" class="reference"><a href="#cite_note-cenbank.org-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> </th></tr> <tr> <th colspan="10">1999–2005 series </th></tr> <tr> <th colspan="2">Image</th> <th rowspan="2">Value</th> <th rowspan="2">Dimensions</th> <th rowspan="2">Main colour</th> <th colspan="3">Description</th> <th colspan="2">Date of </th></tr> <tr> <th>Obverse</th> <th></th> <th>Obverse</th> <th>Reverse</th> <th>Watermark</th> <th>First printing</th> <th>Issue </th></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦100 </td> <td rowspan="4">151 × 78 mm </td> <td>Purple and multicolour </td> <td>Chief <a href="/wiki/Obafemi_Awolowo" title="Obafemi Awolowo">Obafemi Awolowo</a> </td> <td><a href="/wiki/Zuma_Rock" title="Zuma Rock">Zuma Rock</a> </td> <td rowspan="4">As portrait(s), "CBN", value </td> <td>1999 </td> <td>1 December 1999 </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦200 </td> <td>Cyan and multicolour </td> <td>Sir <a href="/wiki/Ahmadu_Bello" title="Ahmadu Bello">Ahmadu Bello</a> </td> <td>Pyramid of <a href="/wiki/Agriculture_in_Nigeria" title="Agriculture in Nigeria">agricultural commodity and livestock farming</a> </td> <td>2000 </td> <td>1 November 2000 </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"><a rel="nofollow" class="external autonumber" href="http://banknoteworld.com/banknote/nigeria/500%20Naira/2904">[1]</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161018234612/http://banknoteworld.com/banknote/nigeria/500%20Naira/2904">Archived</a> 2016-10-18 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> </td> <td><a href="/wiki/Five_hundred_naira_Nigerian_note" class="mw-redirect" title="Five hundred naira Nigerian note">₦500</a> </td> <td>Blue and multicolour </td> <td><a href="/wiki/Dr._Nnamdi_Azikiwe" class="mw-redirect" title="Dr. Nnamdi Azikiwe">Dr. Nnamdi Azikiwe</a> </td> <td><a href="/wiki/Petroleum_in_Nigeria" class="mw-redirect" title="Petroleum in Nigeria">Off-shore oil rig</a> </td> <td>2001 </td> <td>4 April 2001 </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"><a rel="nofollow" class="external autonumber" href="http://banknoteworld.com/banknote/nigeria/1,000%20Naira/2912">[2]</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161018235703/http://banknoteworld.com/banknote/nigeria/1,000%20Naira/2912">Archived</a> 2016-10-18 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> </td> <td>₦1000 </td> <td>Brown </td> <td>Alhaji <a href="/wiki/Aliyu_Mai-Bornu" title="Aliyu Mai-Bornu">Aliyu Mai-Bornu</a>, Dr. <a href="/wiki/Clement_Isong" title="Clement Isong">Clement Isong</a> </td> <td><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">CBN</a>'s corporate headquarters in <a href="/wiki/Abuja" title="Abuja">Abuja</a> </td> <td>2005 </td> <td>12 October 2005 </td></tr> <tr> <th colspan="10">2006 series (paper and polymer banknotes) </th></tr> <tr> <td> </td> <td> </td> <td>₦5 </td> <td rowspan="4">130 × 72 mm </td> <td>Brown </td> <td><a href="/wiki/Abubakar_Tafawa_Balewa" title="Abubakar Tafawa Balewa">Alhaji Abubakar Tafawa Balewa</a> </td> <td>Nkpokiti dancers </td> <td rowspan="4"><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Central Bank of Nigeria</a> logo, "CBN" </td> <td rowspan="4">2006 </td> <td rowspan="4">28 February 2007 </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦10 </td> <td>Red </td> <td><a href="/wiki/Alvan_Ikoku" title="Alvan Ikoku">Alvan Ikoku</a> </td> <td><a href="/wiki/Fula_people" title="Fula people">Fulani</a> milk maids </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦20 </td> <td>Green </td> <td>General <a href="/wiki/Murtala_Mohammed" class="mw-redirect" title="Murtala Mohammed">Murtala Mohammed</a> </td> <td><a href="/wiki/Ladi_Kwali" title="Ladi Kwali">Ladi Kwali</a> </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦50 </td> <td>Blue </td> <td><a href="/wiki/Hausa_people" title="Hausa people">Hausa</a>, <a href="/wiki/Igbo_people" title="Igbo people">Igbo</a> and <a href="/wiki/Yoruba_people" title="Yoruba people">Yoruba</a> men and a woman </td> <td>Local fishermen </td></tr> <tr> <td colspan="10"><small> For table standards, see the <a href="/wiki/Wikipedia:WikiProject_Numismatics/Style/Currency_article#Specification_table_2" title="Wikipedia:WikiProject Numismatics/Style/Currency article">banknote specification table</a>.</small> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Second_naira">Second naira</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=4" title="Edit section: Second naira"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The naira was scheduled for redenomination in August 2008, although this was cancelled by then-President <a href="/wiki/Umaru_Musa_Yar%27Adua" title="Umaru Musa Yar'Adua">Umaru Musa Yar'Adua</a>,<sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup> with 100 old naira to become 1 new naira. The <a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Nigerian Central Bank</a> stated that it would make the naira fully convertible against foreign currencies by 2009. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. The naira appreciated against the dollar through 2007 due to high oil revenues. Also, the then-Bank Governor, Professor <a href="/wiki/Charles_Chukwuma_Soludo" class="mw-redirect" title="Charles Chukwuma Soludo">Chukwuma Soludo</a> noted the weekly central bank auctions of foreign currency will gradually be phased out, and that the bank would "only intervene in the market as may be required to achieve defined policy objectives".<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup> </p><p>Coins and banknotes, and their security features, are described on the website of the Central Bank of Nigeria.<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">[</span>48<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Coins_2">Coins</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=5" title="Edit section: Coins"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Coins were to be issued in denominations of: - 1 kobo (₦0.01) - 2 kobo (₦0.02) - 5 kobo (₦0.05) - 10 kobo (₦0.10) - 20 kobo (₦0.20) - 50 Kobo (₦0.50) - 1 Naira (₦1) Due to inflation, Nigerian coins are all essentially worthless now.<sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">[</span>49<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Banknotes">Banknotes</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=6" title="Edit section: Banknotes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Banknotes were to be printed in denominations of: </p> <ul><li><a href="/wiki/Nigerian_five-naira_note" class="mw-redirect" title="Nigerian five-naira note">5 naira</a> (₦5)<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">[</span>50<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_ten-naira_note" class="mw-redirect" title="Nigerian ten-naira note">10 naira</a> (₦10)<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">[</span>51<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_twenty-naira_note" class="mw-redirect" title="Nigerian twenty-naira note">20 naira</a> (₦20)<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">[</span>52<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_fifty-naira_note" title="Nigerian fifty-naira note">50 naira</a> (₦50)<sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">[</span>53<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_one-hundred-naira_note" title="Nigerian one-hundred-naira note">100 naira</a> (₦100)<sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">[</span>54<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_two-hundred-naira_note" title="Nigerian two-hundred-naira note">200 naira</a> (₦200)<sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">[</span>55<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Five_hundred_naira_Nigerian_note" class="mw-redirect" title="Five hundred naira Nigerian note">500 naira</a> (₦500)<sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">[</span>56<span class="cite-bracket">]</span></a></sup></li> <li><a href="/wiki/Nigerian_one-thousand-naira_note" title="Nigerian one-thousand-naira note">1000 naira</a> (₦1000)<sup id="cite_ref-57" class="reference"><a href="#cite_note-57"><span class="cite-bracket">[</span>57<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="2022_redesign">2022 redesign</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=7" title="Edit section: 2022 redesign"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">See also: <a href="/wiki/2023_Nigerian_currency_crisis" title="2023 Nigerian currency crisis">2023 Nigerian currency crisis</a></div> <p>In 2022, the Central Bank of Nigeria (CBN) under President <a href="/wiki/Muhammadu_Buhari" title="Muhammadu Buhari">Muhammadu Buhari</a> led administration expressed the decision to redesign the naira as a statutory responsibility and a way to curb the increased circulation of counterfeit notes in the country.<sup id="cite_ref-58" class="reference"><a href="#cite_note-58"><span class="cite-bracket">[</span>58<span class="cite-bracket">]</span></a></sup> The CBN Governor, Mr. <a href="/wiki/Godwin_Emefiele" title="Godwin Emefiele">Godwin Emefiele</a> expressed that the approval for the redesign was granted by the president of the country in fighting corruption, terrorism, kidnapping and other unlawful practices. He said the higher naira denominations have been the denomination mostly used by the perpetrators of the acts which includes ₦200, ₦500 and ₦1,000 notes.<sup id="cite_ref-59" class="reference"><a href="#cite_note-59"><span class="cite-bracket">[</span>59<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-60" class="reference"><a href="#cite_note-60"><span class="cite-bracket">[</span>60<span class="cite-bracket">]</span></a></sup> President Muhammadu Buhari officially unveiled the new notes at the state house after 19 years since the naira was redesigned.<sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">[</span>61<span class="cite-bracket">]</span></a></sup> The newly redesigned naira notes were planned to be printed by The <a href="/wiki/Nigerian_Security_Printing_and_Minting_Company_Limited" title="Nigerian Security Printing and Minting Company Limited">Nigerian Security Printing and Minting Company Limited</a> which will make the country one out of the four Africa countries who print their currencies locally and not import from foreign countries.<sup id="cite_ref-62" class="reference"><a href="#cite_note-62"><span class="cite-bracket">[</span>62<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-63" class="reference"><a href="#cite_note-63"><span class="cite-bracket">[</span>63<span class="cite-bracket">]</span></a></sup><sup class="noprint Inline-Template" style="margin-left:0.1em; white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The text near this tag is dated. (February 2023)">needs update</span></a></i>]</sup> </p><p>In November 2022, CBN, Nigeria's central bank, informed the citizens that the new notes will be issued from 15 December 2022 onward, and that old naira notes need to be returned to the banking system before 31 January 2023 when they will cease to be legal tender.<sup id="cite_ref-64" class="reference"><a href="#cite_note-64"><span class="cite-bracket">[</span>64<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-65" class="reference"><a href="#cite_note-65"><span class="cite-bracket">[</span>65<span class="cite-bracket">]</span></a></sup> The deadline to exchange banknotes was extended<sup class="noprint Inline-Template" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The time period mentioned near this tag is ambiguous. (February 2023)">when?</span></a></i>]</sup> to February 2023.<sup id="cite_ref-:0_66-0" class="reference"><a href="#cite_note-:0-66"><span class="cite-bracket">[</span>66<span class="cite-bracket">]</span></a></sup> </p><p>The redesign is controversial. There have been shortages of the new bank notes at ATMs, necessitating some Nigerians to wait in long lines or sleep on the sidewalk waiting for ATMs to be reloaded.<sup id="cite_ref-:0_66-1" class="reference"><a href="#cite_note-:0-66"><span class="cite-bracket">[</span>66<span class="cite-bracket">]</span></a></sup> </p> <table class="wikitable collapsible autocollapse" style="font-size: 90%; width: 100%"> <tbody><tr> <th colspan="10">Currently circulating banknotes<sup id="cite_ref-cenbank.org_45-1" class="reference"><a href="#cite_note-cenbank.org-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> </th></tr> <tr> <th colspan="10">2022 Redesign </th></tr> <tr> <th colspan="2">Image</th> <th rowspan="2">Value</th> <th rowspan="2">Dimensions</th> <th rowspan="2">Main colour</th> <th colspan="3">Description</th> <th colspan="2">Date of </th></tr> <tr> <th>Obverse</th> <th>Reverse</th> <th>Obverse</th> <th>Reverse</th> <th>Watermark</th> <th>First printing</th> <th>Issue </th></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦200 </td> <td rowspan="3">151 × 78 mm </td> <td>Pink </td> <td>Sir <a href="/wiki/Ahmadu_Bello" title="Ahmadu Bello">Ahmadu Bello</a> </td> <td>Pyramid of <a href="/wiki/Agriculture_in_Nigeria" title="Agriculture in Nigeria">agricultural commodity and livestock farming</a> </td> <td rowspan="3">As portrait(s), "CBN", value </td> <td>2022 </td> <td>2022 </td></tr> <tr> <td align="center" bgcolor="#000000"> </td> <td align="center"> </td> <td>₦500 </td> <td>Green </td> <td><a href="/wiki/Dr._Nnamdi_Azikiwe" class="mw-redirect" title="Dr. Nnamdi Azikiwe">Dr. Nnamdi Azikiwe</a> </td> <td><a href="/wiki/Petroleum_in_Nigeria" class="mw-redirect" title="Petroleum in Nigeria">Off-shore oil rig</a> </td> <td>2022 </td> <td>2022 </td></tr> <tr> <td align="center" bgcolor="#000000"><span typeof="mw:File/Frameless"><a href="/wiki/File:Front_view_of_New_1000_naira_note.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Front_view_of_New_1000_naira_note.jpg/110px-Front_view_of_New_1000_naira_note.jpg" decoding="async" width="110" height="246" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Front_view_of_New_1000_naira_note.jpg/166px-Front_view_of_New_1000_naira_note.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Front_view_of_New_1000_naira_note.jpg/221px-Front_view_of_New_1000_naira_note.jpg 2x" data-file-width="1728" data-file-height="3840" /></a></span> </td> <td align="center"> </td> <td>₦1000 </td> <td>Blue </td> <td>Alhaji <a href="/wiki/Aliyu_Mai-Bornu" title="Aliyu Mai-Bornu">Aliyu Mai-Bornu</a>, Dr. <a href="/wiki/Clement_Isong" title="Clement Isong">Clement Isong</a> </td> <td><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">CBN</a>'s corporate headquarters in <a href="/wiki/Abuja" title="Abuja">Abuja</a> </td> <td>2022 </td> <td>2022 </td></tr> <tr> <th colspan="10"> </th></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Hidden_naira_notes">Hidden naira notes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=8" title="Edit section: Hidden naira notes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2022, Nigeria's central bank expressed the scarcity of the currency due to high volume of the naira kept outside the banking system and attributed to be hoarded by politicians.<sup id="cite_ref-67" class="reference"><a href="#cite_note-67"><span class="cite-bracket">[</span>67<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Exchange_rates">Exchange rates</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=9" title="Edit section: Exchange rates"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. </p><p>The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar. This rate is almost two times different from the illegal black market exchange rate. The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar.<sup id="cite_ref-68" class="reference"><a href="#cite_note-68"><span class="cite-bracket">[</span>68<span class="cite-bracket">]</span></a></sup> </p><p>According to a recent report by <a href="/wiki/Naija_News" title="Naija News">Naija News</a>, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This disparity highlights underlying economic challenges and market pressures.<sup id="cite_ref-69" class="reference"><a href="#cite_note-69"><span class="cite-bracket">[</span>69<span class="cite-bracket">]</span></a></sup> </p> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:USD_vs_NGN.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f8/USD_vs_NGN.png/300px-USD_vs_NGN.png" decoding="async" width="300" height="130" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f8/USD_vs_NGN.png/450px-USD_vs_NGN.png 1.5x, //upload.wikimedia.org/wikipedia/commons/f/f8/USD_vs_NGN.png 2x" data-file-width="465" data-file-height="201" /></a><figcaption>Rate of the Nigerian naira for <a href="/wiki/United_States_Dollar" class="mw-redirect" title="United States Dollar">US$</a>1 (1994–2005)</figcaption></figure> <p>This table shows the historical value of one U.S. dollar in Nigerian naira. PM = parallel market. </p> <table class="wikitable sortable mw-collapsible"> <tbody><tr> <th>Date</th> <th>₦ per US$ </th> <th></th> <th>Date</th> <th>₦ per US$ </th> <th></th> <th>Date</th> <th>₦ per US$ </th></tr> <tr> <td>1972</td> <td>0.658 </td> <td></td> <td>1993</td> <td>17.30 (21.90 PM) </td> <td></td> <td>2014</td> <td>170–199 </td></tr> <tr> <td>1973</td> <td>0.658 </td> <td></td> <td>1994</td> <td>22.33 (56.80 PM) </td> <td></td> <td>2015</td> <td>199–300 </td></tr> <tr> <td>1974</td> <td>0.63 </td> <td></td> <td>1995</td> <td>21.89 (71.70 PM) </td> <td></td> <td>2016</td> <td>390–489 </td></tr> <tr> <td>1975</td> <td>0.616 </td> <td></td> <td>1996</td> <td>21.89 (84.58 PM) </td> <td></td> <td>2017</td> <td>333 </td></tr> <tr> <td>1976</td> <td>0.62 </td> <td></td> <td>1997</td> <td>21.89 (84.58 PM) </td> <td></td> <td>2018</td> <td>360 </td></tr> <tr> <td>1977</td> <td>0.647 </td> <td></td> <td>1998</td> <td>21.89 (84.70 PM) </td> <td></td> <td>2019</td> <td>305 </td></tr> <tr> <td>1978</td> <td>0.606 </td> <td></td> <td>1999</td> <td>21.89 (88–90 PM) </td> <td></td> <td>2020</td> <td>361 </td></tr> <tr> <td>1979</td> <td>0.596 </td> <td></td> <td>2000</td> <td>85.98 (105.00 PM) </td> <td></td> <td>2021</td> <td>399 </td></tr> <tr> <td>1980</td> <td>0.550 (0.900 PM) </td> <td></td> <td>2001</td> <td>99–106 (104–122 PM) </td> <td> </td> <td>2022 </td> <td>423 </td></tr> <tr> <td>1981</td> <td>0.61 </td> <td></td> <td>2002</td> <td>109–113 (122–140 PM) </td> <td> </td> <td>2024 </td> <td>1483 </td></tr> <tr> <td>1982</td> <td>0.673 </td> <td></td> <td>2003</td> <td>114–127 (135–137 PM) </td></tr> <tr> <td>1983</td> <td>0.724 </td> <td></td> <td>2004</td> <td>127–130 (137–144 PM) </td></tr> <tr> <td>1984</td> <td>0.765 </td> <td></td> <td>2005</td> <td>132–136 </td></tr> <tr> <td>1985</td> <td>0.894 (1.70 PM) </td> <td></td> <td>2006</td> <td>128.50–131.80 </td></tr> <tr> <td>1986</td> <td>2.02 (3.90 PM) </td> <td></td> <td>2007</td> <td>120–125 </td></tr> <tr> <td>1987</td> <td>4.02 (5.90 PM) </td> <td></td> <td>2008</td> <td>115.50–120 </td></tr> <tr> <td>1988</td> <td>4.54 (6.70 PM) </td> <td></td> <td>2009</td> <td>145–171 </td></tr> <tr> <td>1989</td> <td>7.39 (10.70 PM) </td> <td></td> <td>2010</td> <td>148.21–154.8 </td></tr> <tr> <td>1990</td> <td>7.39 (10.70 PM) </td> <td></td> <td>2011</td> <td>151.05–165.1 </td></tr> <tr> <td>1991</td> <td>8.04 (9.30 PM) </td> <td></td> <td>2012</td> <td>155.09–161.5 </td></tr> <tr> <td>1992</td> <td>9.91 </td> <td></td> <td>2013</td> <td>153.21–162.9 </td></tr></tbody></table> <table class="toccolours" style="margin: 0.5em auto; text-align: center;"> <tbody><tr><th style="background: #A7C3FF;" colspan="2"> Current NGN exchange rates</th> </tr><tr> <td>From <a href="/wiki/Google_Finance" title="Google Finance">Google Finance</a>: </td> <td><a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/AUD-NGN">AUD</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/CAD-NGN">CAD</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/CHF-NGN">CHF</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/CNY-NGN">CNY</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/EUR-NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/GBP-NGN">GBP</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/HKD-NGN">HKD</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/JPY-NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/USD-NGN">USD</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/EUR-NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/JPY-NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/USD-NGN">USD</a> </td></tr> <tr> <td>From <a href="/wiki/Yahoo!_Finance" class="mw-redirect" title="Yahoo! Finance">Yahoo! Finance</a>: </td> <td><a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/AUDNGN=X">AUD</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/CADNGN=X">CAD</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/CHFNGN=X">CHF</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/CNYNGN=X">CNY</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/EURNGN=X">EUR</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/GBPNGN=X">GBP</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/HKDNGN=X">HKD</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/JPYNGN=X">JPY</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/USDNGN=X">USD</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/EURNGN=X">EUR</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/JPYNGN=X">JPY</a> <a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/USDNGN=X">USD</a> </td></tr> <tr> <td>From <a href="/wiki/XE.com" title="XE.com">XE.com</a>: </td> <td><a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=AUD&To=NGN">AUD</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=CAD&To=NGN">CAD</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=CHF&To=NGN">CHF</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=CNY&To=NGN">CNY</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=EUR&To=NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=GBP&To=NGN">GBP</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=HKD&To=NGN">HKD</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=JPY&To=NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=NGN">USD</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=EUR&To=NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=JPY&To=NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=NGN">USD</a> </td></tr> <tr> <td>From OANDA: </td> <td><a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=AUD&to=NGN">AUD</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=CAD&to=NGN">CAD</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=CHF&to=NGN">CHF</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=CNY&to=NGN">CNY</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=EUR&to=NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=GBP&to=NGN">GBP</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=HKD&to=NGN">HKD</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=JPY&to=NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=USD&to=NGN">USD</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=EUR&to=NGN">EUR</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=JPY&to=NGN">JPY</a> <a rel="nofollow" class="external text" href="https://www.oanda.com/currency-converter/en/?amount=1&from=USD&to=NGN">USD</a> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=10" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Economy_of_Nigeria" title="Economy of Nigeria">Economy of Nigeria</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=11" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.cbn.gov.ng/rates/inflrates.asp">"Central Bank of Nigeria: Money and Credit Statistics"</a>. <i>www.cbn.gov.ng</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2024-01-24</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.cbn.gov.ng&rft.atitle=Central+Bank+of+Nigeria%3A+Money+and+Credit+Statistics&rft_id=https%3A%2F%2Fwww.cbn.gov.ng%2Frates%2Finflrates.asp&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANigerian+naira" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAanu2018" class="citation web cs1">Aanu, Damilare (2018-06-19). <a rel="nofollow" class="external text" href="https://www.withinnigeria.com/2018/06/19/history-of-nigerian-naira-symbol-and-sign-you-need-to-know-about/">"History Of Nigerian Naira, Symbol And Sign You Need To Know About"</a>. <i>WITHIN NIGERIA</i><span class="reference-accessdate">. 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Retrieved on 2012-11-09.</span> </li> <li id="cite_note-40"><span class="mw-cite-backlink"><b><a href="#cite_ref-40">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://archive.today/20130101195401/http://allafrica.com/stories/201209120215.html">CBN Clarifies Decision to Abandon Polymer Banknotes</a> AllAfrica (allafrica.com) 12 September 2012. 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Retrieved <span class="nowrap">2024-07-08</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Official+and+Parallel+Market+Naira+to+Dollar+Exchange+Rate+Today+%28June+21%2C+2024%29&rft.date=2024-06-21&rft_id=https%3A%2F%2Fnaijaecho.com.ng%2Fparallel-market-naira-to-dollar-exchange-rate%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANigerian+naira" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Nigerian_naira&action=edit&section=12" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Commons-logo.svg" class="mw-file-description"><img alt="" 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href="/wiki/Kingdom_of_Benin" title="Kingdom of Benin">Benin</a></li> <li><a href="/wiki/Bornu_Empire" class="mw-redirect" title="Bornu Empire">Kanem-Bornu</a></li> <li><a href="/wiki/Kingdom_of_Nri" title="Kingdom of Nri">Nri</a></li> <li><a href="/wiki/Oyo_Empire" title="Oyo Empire">Oyo</a></li> <li><a href="/wiki/Hausa_kingdoms" class="mw-redirect" title="Hausa kingdoms">Hausa kingdoms</a> <ul><li><a href="/wiki/Kingdom_of_Kano" title="Kingdom of Kano">Kano</a></li> <li><a href="/wiki/Daura_Emirate" title="Daura Emirate">Daura</a></li> <li><a href="/wiki/History_of_Katsina" title="History of Katsina">Katsina</a></li> <li><a href="/wiki/Zazzau" title="Zazzau">Zazzau</a></li> <li><a href="/wiki/Gobir" title="Gobir">Gobir</a></li> <li><a href="/wiki/Hadejia" title="Hadejia">Biram</a></li> <li><a href="/wiki/Rano" title="Rano">Rano</a></li></ul></li> <li><a href="/wiki/Sokoto_Caliphate" title="Sokoto Caliphate">Sokoto</a></li> <li><a href="/wiki/Kebbi_Emirate" title="Kebbi Emirate">Kebbi</a></li> <li><a href="/wiki/Kwararafa" title="Kwararafa">Kwararafa</a></li></ul> </div></td></tr><tr><td colspan="2" class="navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Timeline_of_Nigerian_history" title="Timeline of Nigerian history">Timeline</a></li> <li><a href="/wiki/Early_history_of_Nigeria" class="mw-redirect" title="Early history of Nigeria">Early history</a></li> <li><a href="/wiki/History_of_Nigeria_before_1500" title="History of Nigeria before 1500">before 1500</a></li> <li><a href="/wiki/History_of_Nigeria_(1500%E2%80%931800)" title="History of Nigeria (1500–1800)">1500-1800</a></li> <li><a href="/wiki/Colonial_Nigeria" title="Colonial Nigeria">Colonial Nigeria</a></li> <li><a href="/wiki/Northern_Nigeria_Protectorate" title="Northern Nigeria Protectorate">Northern Nigeria</a></li> <li><a href="/wiki/Southern_Nigeria_Protectorate" title="Southern Nigeria Protectorate">Southern Nigeria</a></li> <li><a href="/wiki/First_Nigerian_Republic" title="First Nigerian Republic">First Republic</a></li> <li><a href="/wiki/Military_dictatorship_in_Nigeria" title="Military dictatorship in Nigeria">Military dictatorship</a> <ul><li><a href="/wiki/Nigerian_Civil_War" title="Nigerian Civil War">Civil War</a></li> <li><a href="/wiki/Second_Nigerian_Republic" title="Second Nigerian Republic">Second Republic</a></li></ul></li> <li><a href="/wiki/Third_Nigerian_Republic" title="Third Nigerian Republic">Third Republic</a></li> <li><a href="/wiki/Fourth_Nigerian_Republic" title="Fourth Nigerian Republic">Fourth Republic</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Geography_of_Nigeria" title="Geography of Nigeria">Geography</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Adamawa_Plateau" title="Adamawa Plateau">Adamawa Plateau</a></li> <li><a href="/wiki/Template:Borders_of_Nigeria" title="Template:Borders of Nigeria">Borders</a></li> <li><a href="/wiki/List_of_populated_places_in_Nigeria" title="List of populated places in Nigeria">Cities</a></li> <li><a href="/wiki/Climate_change_in_Nigeria" title="Climate change in Nigeria">Climate change</a></li> <li><a href="/wiki/List_of_ecoregions_in_Nigeria" title="List of ecoregions in Nigeria">Ecoregions</a></li> <li><a href="/wiki/Environmental_issues_in_the_Niger_Delta" title="Environmental issues in the Niger Delta">Environmental issues</a></li> <li><a href="/wiki/Category:Islands_of_Nigeria" title="Category:Islands of Nigeria">Islands</a></li> <li><a href="/wiki/Jos_Plateau" title="Jos Plateau">Jos Plateau</a></li> <li><a href="/wiki/Category:Mountains_of_Nigeria" title="Category:Mountains of Nigeria">Mountains</a></li> <li><a href="/wiki/List_of_national_parks_of_Nigeria" title="List of national parks of Nigeria">National parks</a></li> <li><a href="/wiki/Niger_Delta" title="Niger Delta">Niger Delta</a></li> <li><a href="/wiki/Category:Rivers_of_Nigeria" title="Category:Rivers of Nigeria">Rivers</a> <ul><li><a href="/wiki/Niger_River" title="Niger River">Niger</a></li> <li><a href="/wiki/River_Benue" class="mw-redirect" title="River Benue">Benue</a></li></ul></li> <li><a href="/wiki/Wildlife_of_Nigeria" title="Wildlife of Nigeria">Wildlife</a></li> <li><a href="/wiki/Wildlife_conservation_in_Nigeria" class="mw-redirect" title="Wildlife conservation in Nigeria">Wildlife conservation</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Politics_of_Nigeria" title="Politics of Nigeria">Politics</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><td colspan="2" class="navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Subdivisions_of_Nigeria" title="Subdivisions of Nigeria">Administrative divisions</a> <ul><li><a href="/wiki/Lists_of_villages_in_Nigeria" title="Lists of villages in Nigeria">Villages</a></li></ul></li> <li><a href="/wiki/Cabinet_of_Nigeria" title="Cabinet of Nigeria">Cabinet</a></li> <li><a href="/wiki/Constitution_of_Nigeria" title="Constitution of Nigeria">Constitution</a></li> <li><a href="/wiki/Elections_in_Nigeria" title="Elections in Nigeria">Elections</a></li> <li><a href="/wiki/Federal_Ministries_of_Nigeria" title="Federal Ministries of Nigeria">Federal Executive Council</a></li> <li><a href="/wiki/Foreign_relations_of_Nigeria" title="Foreign relations of Nigeria">Foreign relations</a></li> <li><a href="/wiki/Human_rights_in_Nigeria" title="Human rights in Nigeria">Human rights</a> <ul><li><a href="/wiki/LGBT_rights_in_Nigeria" class="mw-redirect" title="LGBT rights in Nigeria">LGBT rights</a></li></ul></li> <li><a href="/wiki/Human_trafficking_in_Nigeria" title="Human trafficking in Nigeria">Human trafficking</a></li> <li><a href="/wiki/Category:Law_enforcement_in_Nigeria" title="Category:Law enforcement in Nigeria">Law enforcement</a></li> <li><a href="/wiki/Nigerian_Armed_Forces" title="Nigerian Armed Forces">Military</a></li> <li><a href="/wiki/National_Assembly_of_Nigeria" class="mw-redirect" title="National Assembly of Nigeria">National Assembly</a> <ul><li><a href="/wiki/Nigerian_House_of_Representatives" class="mw-redirect" title="Nigerian House of Representatives">House of Representatives</a></li> <li><a href="/wiki/Nigerian_Senate" class="mw-redirect" title="Nigerian Senate">Senate</a></li></ul></li> <li><a href="/wiki/List_of_political_parties_in_Nigeria" title="List of political parties in Nigeria">Political parties</a> <ul><li><a href="/wiki/People%27s_Democratic_Party_(Nigeria)" class="mw-redirect" title="People's Democratic Party (Nigeria)">PDP</a></li> <li><a href="/wiki/All_Progressives_Congress" title="All Progressives Congress">APC</a></li></ul></li> <li><a href="/wiki/President_of_Nigeria" title="President of Nigeria">President</a> <ul><li><a href="/wiki/Vice-President_of_Nigeria" class="mw-redirect" title="Vice-President of Nigeria">Vice-President</a></li></ul></li> <li><a href="/wiki/Supreme_Court_of_Nigeria" title="Supreme Court of Nigeria">Supreme Court</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Economy_of_Nigeria" title="Economy of Nigeria">Economy</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agriculture_in_Nigeria" title="Agriculture in Nigeria">Agriculture</a></li> <li><a href="/wiki/Brain_Drain_in_Nigeria" class="mw-redirect" title="Brain Drain in Nigeria">Brain Drain</a></li> <li><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Central Bank</a></li> <li><a href="/wiki/Corruption_in_Nigeria" title="Corruption in Nigeria">Corruption</a></li> <li><a href="/wiki/Economic_history_of_Nigeria" title="Economic history of Nigeria">Economic history</a></li> <li><a href="/wiki/Energy_in_Nigeria" title="Energy in Nigeria">Energy</a></li> <li><a href="/wiki/Mining_industry_of_Nigeria" title="Mining industry of Nigeria">Mining</a></li> <li><a class="mw-selflink selflink">Naira <span style="font-size:85%;">(currency)</span></a></li> <li><a href="/wiki/Petroleum_in_Nigeria" class="mw-redirect" title="Petroleum in Nigeria">Petroleum</a></li> <li><a href="/wiki/Nigerian_Stock_Exchange" class="mw-redirect" title="Nigerian Stock Exchange">Stock Exchange</a></li> <li><a href="/wiki/Telecommunications_in_Nigeria" title="Telecommunications in Nigeria">Telecommunications</a></li> <li><a href="/wiki/Tourism_in_Nigeria" title="Tourism in Nigeria">Tourism</a></li> <li><a href="/wiki/Transport_in_Nigeria" title="Transport in Nigeria">Transport</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Society_of_Nigeria" title="Category:Society of Nigeria">Society</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><td colspan="2" class="navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abortion_in_Nigeria" title="Abortion in Nigeria">Abortion</a></li> <li><a href="/wiki/Censorship_in_Nigeria" title="Censorship in Nigeria">Censorship</a></li> <li><a href="/wiki/Child_sexual_abuse_in_Nigeria#Baby_factories" title="Child sexual abuse in Nigeria">Baby factories</a></li> <li><a href="/wiki/Capital_punishment_in_Nigeria" title="Capital punishment in Nigeria">Capital punishment</a></li> <li><a href="/wiki/Child_labour_in_Nigeria" title="Child labour in Nigeria">Child labour</a> (<a href="/wiki/Girl_child_labour_in_Nigeria" class="mw-redirect" title="Girl child labour in Nigeria">Girl child labour</a>)</li> <li><a href="/wiki/Child_marriage_in_Nigeria" class="mw-redirect" title="Child marriage in Nigeria">Child marriage</a></li> <li><a href="/wiki/Child_sexual_abuse_in_Nigeria" title="Child sexual abuse in Nigeria">Child sexual abuse</a></li> <li><a href="/wiki/Corruption_in_Nigeria" title="Corruption in Nigeria">Corruption</a></li> <li><a href="/wiki/Crime_in_Nigeria" title="Crime in Nigeria">Crime</a></li> <li><a href="/wiki/Demographics_of_Nigeria" title="Demographics of Nigeria">Demographics</a></li> <li><a href="/wiki/Nigerian_diaspora" class="mw-redirect" title="Nigerian diaspora">Diaspora</a></li> <li><a href="/wiki/Domestic_violence_in_Nigeria" title="Domestic violence in Nigeria">Domestic violence</a></li> <li><a href="/wiki/Education_in_Nigeria" title="Education in Nigeria">Education</a></li> <li><a href="/wiki/Category:Ethnic_groups_in_Nigeria" title="Category:Ethnic groups in Nigeria">Ethnic groups</a> <ul><li><a href="/wiki/Movement_for_the_Actualization_of_the_Sovereign_State_of_Biafra" title="Movement for the Actualization of the Sovereign State of Biafra">MASSOB</a></li> <li><a href="/wiki/Movement_for_the_Survival_of_the_Ogoni_People" title="Movement for the Survival of the Ogoni People">MOSOP</a></li> <li><a href="/wiki/Oodua_Peoples_Congress" title="Oodua Peoples Congress">Oodua Peoples Congress</a></li></ul></li> <li><a href="/wiki/Female_genital_mutilation_in_Nigeria" title="Female genital mutilation in Nigeria">Female genital mutilation</a></li> <li><a href="/wiki/Gender_inequality_in_Nigeria" title="Gender inequality in Nigeria">Gender inequality</a></li> <li><a href="/wiki/Health_in_Nigeria" title="Health in Nigeria">Health</a></li> <li><a href="/wiki/Languages_of_Nigeria" title="Languages of Nigeria">Languages</a></li> <li><a href="/wiki/Polygamy_in_Nigeria" title="Polygamy in Nigeria">Polygamy</a></li> <li><a href="/wiki/Poverty_in_Nigeria" title="Poverty in Nigeria">Poverty</a></li> <li><a href="/wiki/Prostitution_in_Nigeria" title="Prostitution in Nigeria">Prostitution</a></li> <li><a href="/wiki/List_of_protests_in_Nigeria" title="List of protests in Nigeria">Protests</a></li> <li><a href="/wiki/Refugees_of_Nigeria" class="mw-redirect" title="Refugees of Nigeria">Refugees</a></li> <li><a href="/wiki/Social_class_in_Nigeria" title="Social class in Nigeria">Social class</a></li> <li><a href="/wiki/Slavery_in_Nigeria" title="Slavery in Nigeria">Slavery</a></li> <li><a href="/wiki/Sustainable_Development_Goals_and_Nigeria" title="Sustainable Development Goals and Nigeria">Sustainable Development Goals</a></li> <li><a href="/wiki/Water_supply_and_sanitation_in_Nigeria" title="Water supply and sanitation in Nigeria">Water supply and sanitation</a></li> <li><a href="/wiki/Women_in_Nigeria" title="Women in Nigeria">Women</a></li> <li><a href="/wiki/Youth_in_Nigeria" title="Youth in Nigeria">Youth</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Conflicts" scope="row" class="navbox-group" style="width:1%;padding-left:0.5em;padding-right:0.5em;font-weight:normal;"><div class="hlist"><div class="plainlist"><ul><li><a href="/wiki/Category:Conflicts_in_Nigeria" title="Category:Conflicts in Nigeria">Conflicts</a></li></ul></div> </div></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Communal_violence" title="Communal violence">Communal conflicts in Nigeria</a> (<a href="/wiki/Herder%E2%80%93farmer_conflicts_in_Nigeria" title="Herder–farmer conflicts in Nigeria">Herder–farmer conflicts in Nigeria</a>)</li> <li><a href="/wiki/Islamist_insurgency_in_Nigeria" class="mw-redirect" title="Islamist insurgency in Nigeria">Islamist insurgency</a></li> <li><a href="/wiki/Conflict_in_the_Niger_Delta" title="Conflict in the Niger Delta">Niger Delta conflicts</a> <ul><li><a href="/wiki/2016_Niger_Delta_conflict" title="2016 Niger Delta conflict">2016 conflict</a></li></ul></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;padding-left:0.5em;padding-right:0.5em;font-weight:normal;"><a href="/wiki/Culture_of_Nigeria" title="Culture of Nigeria">Culture</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Nigeria,_We_Hail_Thee" title="Nigeria, We Hail Thee">Anthem</a></li> <li><a href="/wiki/Cinema_of_Nigeria" title="Cinema of Nigeria">Cinema</a></li> <li><a href="/wiki/Coat_of_arms_of_Nigeria" title="Coat of arms of Nigeria">Coat of arms</a></li> <li><a href="/wiki/Nigerian_cuisine" title="Nigerian cuisine">Cuisine</a></li> <li><a href="/wiki/Flag_of_Nigeria" title="Flag of Nigeria">Flag</a></li> <li><a href="/wiki/List_of_Nigerians" title="List of Nigerians">List of Nigerians</a></li> <li><a href="/wiki/Nigerian_literature" title="Nigerian literature">Literature</a></li> <li><a href="/wiki/Media_of_Nigeria" class="mw-redirect" title="Media of Nigeria">Media</a></li> <li><a href="/wiki/Music_of_Nigeria" title="Music of Nigeria">Music</a></li> <li><a href="/wiki/Public_holidays_in_Nigeria" title="Public holidays in Nigeria">Public holidays</a></li> <li><a href="/wiki/Religion_in_Nigeria" title="Religion in Nigeria">Religion</a> (<a href="/wiki/Sharia_in_Nigeria" title="Sharia in Nigeria">Sharia</a>)</li> <li><a href="/wiki/Smoking_in_Nigeria" title="Smoking in Nigeria">Smoking</a></li> <li><a href="/wiki/Video_gaming_in_Nigeria" class="mw-redirect" title="Video gaming in Nigeria">Video gaming</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><td class="navbox-abovebelow" colspan="2" style="font-weight:bold;"><div><div style="margin-bottom:-0.4em;"><ul><li><span class="nobold"><a href="/wiki/Outline_of_Nigeria" title="Outline of Nigeria">Outline</a></span></li><li><span class="nobold"><a href="/wiki/Index_of_Nigeria-related_articles" title="Index of Nigeria-related articles">Index</a></span></li></ul></div> <ul><li><a href="/wiki/Category:Nigeria" title="Category:Nigeria">Category</a></li> <li><a href="/wiki/Portal:Nigeria" title="Portal:Nigeria">Portal</a></li></ul></div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Nigerian_currency_and_coinage" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Nigerian_currency_and_coinage" title="Template:Nigerian currency and coinage"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Nigerian_currency_and_coinage" title="Template talk:Nigerian currency and coinage"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Nigerian_currency_and_coinage" title="Special:EditPage/Template:Nigerian currency and coinage"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Nigerian_currency_and_coinage" style="font-size:114%;margin:0 4em">Nigerian currency and coinage</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Topics</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Central Bank of Nigeria</a></li> <li><a class="mw-selflink selflink">Nigerian naira</a></li> <li><a href="/wiki/Nigerian_Security_Printing_and_Minting_Company_Limited" title="Nigerian Security Printing and Minting Company Limited">Nigerian Security Printing and Minting Company Limited</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/w/index.php?title=Coins_of_the_Nigerian_naira&action=edit&redlink=1" class="new" title="Coins of the Nigerian naira (page does not exist)">Current coinage</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Nigerian_fifty-kobo_coin&action=edit&redlink=1" class="new" title="Nigerian fifty-kobo coin (page does not exist)">Kobo (50k)</a></li> <li><a href="/w/index.php?title=Nigerian_one-naira_coin&action=edit&redlink=1" class="new" title="Nigerian one-naira coin (page does not exist)">One naira (₦1)</a></li> <li><a href="/w/index.php?title=Nigerian_two-naira_coin&action=edit&redlink=1" class="new" title="Nigerian two-naira coin (page does not exist)">Two naira (₦2)</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Nigerian_naira_notes" class="mw-redirect" title="Nigerian naira notes">Current polymer money</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Nigerian_five-naira_note" class="mw-redirect" title="Nigerian five-naira note">₦5</a></li> <li><a href="/wiki/Nigerian_ten-naira_note" class="mw-redirect" title="Nigerian ten-naira note">₦10</a></li> <li><a href="/wiki/Nigerian_twenty-naira_note" class="mw-redirect" title="Nigerian twenty-naira note">₦20</a></li> <li><a href="/wiki/Nigerian_fifty-naira_note" title="Nigerian fifty-naira note">₦50</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Nigerian_naira_notes" class="mw-redirect" title="Nigerian naira notes">Current paper money</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Nigerian_one-hundred-naira_note" title="Nigerian one-hundred-naira note">₦100</a></li> <li><a href="/wiki/Nigerian_two-hundred-naira_note" title="Nigerian two-hundred-naira note">₦200</a></li> <li><a href="/wiki/Nigerian_five-hundred-naira_note" title="Nigerian five-hundred-naira note">₦500</a></li> <li><a href="/wiki/Nigerian_one-thousand-naira_note" title="Nigerian one-thousand-naira note">₦1000</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Replacement_banknote" title="Replacement banknote">Replacement banknote</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Currency_symbols" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Navbox_currency_symbols" title="Template:Navbox currency symbols"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Navbox_currency_symbols" title="Template talk:Navbox currency symbols"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Navbox_currency_symbols" title="Special:EditPage/Template:Navbox currency symbols"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Currency_symbols" style="font-size:114%;margin:0 4em"><a href="/wiki/Currency_symbol" title="Currency symbol">Currency symbols</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_circulating_currencies" title="List of circulating currencies">Circulating</a></th><td class="navbox-list-with-group navbox-list navbox-odd nounderlines" style="width:100%;padding:0;font-size:150%"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Afghan_afghani" title="Afghan afghani">؋</a></li> <li><a href="/wiki/Thai_baht#Currency_symbol" title="Thai baht">฿</a></li> <li><a href="/wiki/Ghanaian_cedi" title="Ghanaian cedi">₵</a></li> <li><a href="/wiki/Col%C3%B3n_(currency)" title="Colón (currency)">₡</a></li> <li><a href="/wiki/Cent_(currency)" title="Cent (currency)">¢</a></li> <li><span typeof="mw:File"><a href="/wiki/Cifr%C3%A3o" title="Cifrão"><img alt="Cifrão" src="//upload.wikimedia.org/wikipedia/commons/thumb/d/df/Cifr%C3%A3o_symbol_%28narrow%29.svg/17px-Cifr%C3%A3o_symbol_%28narrow%29.svg.png" decoding="async" width="17" height="34" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/d/df/Cifr%C3%A3o_symbol_%28narrow%29.svg/26px-Cifr%C3%A3o_symbol_%28narrow%29.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/d/df/Cifr%C3%A3o_symbol_%28narrow%29.svg/34px-Cifr%C3%A3o_symbol_%28narrow%29.svg.png 2x" data-file-width="8" data-file-height="16" /></a></span></li> <li><a href="/wiki/Dollar_sign" title="Dollar sign">$</a></li> <li><a href="/wiki/Vietnamese_%C4%91%E1%BB%93ng" title="Vietnamese đồng">₫</a></li> <li><a href="/wiki/Armenian_dram_sign" title="Armenian dram sign">֏</a></li> <li><a href="/wiki/Azerbaijani_manat_sign" title="Azerbaijani manat sign">₼</a></li> <li><a href="/wiki/Euro_sign" title="Euro sign">€</a></li> <li><a href="/wiki/Florin_sign" title="Florin sign">ƒ</a></li> <li><a href="/wiki/CFP_franc" title="CFP franc">F</a></li> <li><a href="/wiki/Paraguayan_guaran%C3%AD" title="Paraguayan guaraní">₲</a></li> <li><a href="/wiki/Hryvnia_sign" title="Hryvnia sign">₴</a></li> <li><a href="/wiki/Lao_kip" title="Lao kip">₭</a></li> <li><a href="/wiki/Georgian_lari" title="Georgian lari">₾</a></li> <li><a href="/wiki/Pound_sign" title="Pound sign">£</a></li> <li><a class="mw-selflink selflink">₦</a></li> <li><span typeof="mw:File"><a href="/wiki/Indian_paisa" title="Indian paisa"><img alt="Indian paisa" src="//upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/15px-Indian_Paisa_symbol.svg.png" decoding="async" width="15" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/23px-Indian_Paisa_symbol.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/30px-Indian_Paisa_symbol.svg.png 2x" data-file-width="480" data-file-height="503" /></a></span></li> <li><a href="/wiki/Philippine_peso_sign" title="Philippine peso sign">₱</a></li> <li><a href="/wiki/Renminbi" title="Renminbi">元</a></li> <li><a href="/wiki/Iranian_rial" title="Iranian rial">﷼</a></li> <li><a href="/wiki/Cambodian_riel" title="Cambodian riel">៛</a></li> <li><a href="/wiki/Ruble_sign" title="Ruble sign">₽</a></li> <li><a href="/wiki/Indian_rupee_sign" title="Indian rupee sign">₹</a></li> <li><a href="/wiki/Nepalese_rupee" title="Nepalese rupee">रू</a></li> <li><a href="/wiki/Sri_Lankan_rupee" title="Sri Lankan rupee">රු</a></li> <li><a href="/wiki/Rupee_sign" title="Rupee sign">૱</a></li> <li><a href="/wiki/Rupee_sign" title="Rupee sign">௹</a></li> <li><a href="/wiki/Rupee_sign" title="Rupee sign">꠸</a></li> <li><a href="/wiki/Rupee_sign" title="Rupee sign">Rs</a></li> <li><a href="/wiki/Shekel_sign" title="Shekel sign">₪</a></li> <li><a href="/wiki/Kyrgyz_som" title="Kyrgyz som"><span style="text-decoration: underline;">C</span></a></li> <li><a href="/wiki/Bangladeshi_taka" title="Bangladeshi taka">৳</a></li> <li><a href="/wiki/Turkish_lira_sign" title="Turkish lira sign">₺</a></li> <li><a href="/wiki/Kazakhstani_tenge" title="Kazakhstani tenge">₸</a></li> <li><a href="/wiki/Mongolian_t%C3%B6gr%C3%B6g" title="Mongolian tögrög">₮</a></li> <li><a href="/wiki/Won_sign" title="Won sign">₩</a></li> <li><a href="/wiki/Yen_and_yuan_sign" title="Yen and yuan sign">¥</a></li> <li><a href="/wiki/Japanese_yen" title="Japanese yen">円</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_historical_currencies" title="List of historical currencies">Obsolete and historical</a></th><td class="navbox-list-with-group navbox-list navbox-even nounderlines" style="width:100%;padding:0;font-size:150%"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Argentine_austral" title="Argentine austral">₳</a></li> <li><a href="/wiki/Artsakh_dram" title="Artsakh dram">Դր.</a></li> <li><a href="/wiki/Cruzeiro_sign" title="Cruzeiro sign">₢$</a></li> <li><a href="/wiki/Pfennig" title="Pfennig">₰</a></li> <li><a href="/wiki/Modern_drachma" title="Modern drachma">₯</a></li> <li><a href="/wiki/European_Currency_Unit" title="European Currency Unit">₠</a></li> <li><a href="/wiki/Lira" title="Lira">₤</a></li> <li><a href="/wiki/Latvian_lats" title="Latvian lats">ℒ𝓈</a></li> <li><a href="/wiki/Livre_tournois" title="Livre tournois">₶</a></li> <li><a href="/wiki/Mill_(currency)" title="Mill (currency)">₥</a></li> <li><a href="/wiki/German_mark_(1871)" title="German mark (1871)">ℳ</a></li> <li><a href="/wiki/Spanish_peseta" title="Spanish peseta">Pts</a></li> <li><a href="/wiki/Reichsmark" title="Reichsmark">ℛℳ</a></li> <li><span typeof="mw:File"><a href="/wiki/Ruble_sign#History" title="Imperial rouble"><img alt="Imperial rouble" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/fc/Old_sign_of_Russian_ruble.svg/38px-Old_sign_of_Russian_ruble.svg.png" decoding="async" width="38" height="21" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/fc/Old_sign_of_Russian_ruble.svg/57px-Old_sign_of_Russian_ruble.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/fc/Old_sign_of_Russian_ruble.svg/76px-Old_sign_of_Russian_ruble.svg.png 2x" data-file-width="460" data-file-height="249" /></a></span></li> <li><a href="/wiki/Spesmilo" title="Spesmilo">₷</a></li> <li><span typeof="mw:File"><a href="/wiki/Shekel_sign#Old_Israeli_shekel_.281980.E2.80.931985.29" title="Old Israeli shekel"><img alt="Old Israeli shekel" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/ef/Old_Sheqel_sign.svg/30px-Old_Sheqel_sign.svg.png" decoding="async" width="30" height="8" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/ef/Old_Sheqel_sign.svg/45px-Old_Sheqel_sign.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/ef/Old_Sheqel_sign.svg/60px-Old_Sheqel_sign.svg.png 2x" data-file-width="86" data-file-height="22" /></a></span></li> <li><a href="/wiki/As_(Roman_coin)" title="As (Roman coin)">𐆚</a></li> <li><span typeof="mw:File"><a href="/wiki/Denarius" title="Denarius"><img alt="Denarius" src="//upload.wikimedia.org/wikipedia/commons/thumb/4/4a/Denarius_sign_Cardo.svg/15px-Denarius_sign_Cardo.svg.png" decoding="async" width="15" height="13" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/4a/Denarius_sign_Cardo.svg/23px-Denarius_sign_Cardo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/4a/Denarius_sign_Cardo.svg/30px-Denarius_sign_Cardo.svg.png 2x" data-file-width="195" data-file-height="172" /></a></span></li> <li><a href="/wiki/Dupondius" title="Dupondius">𐆙</a></li> <li><a href="/wiki/Quinarius" title="Quinarius">𐆗</a></li> <li><a href="/wiki/Sestertius" title="Sestertius">𐆘</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Cryptocurrency" title="Cryptocurrency">Cryptocurrency</a></th><td class="navbox-list-with-group navbox-list navbox-odd nounderlines" style="width:100%;padding:0;font-size:150%"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bitcoin" title="Bitcoin">₿</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Generic placeholder</th><td class="navbox-list-with-group navbox-list navbox-even nounderlines" style="width:100%;padding:0;font-size:150%"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Currency_sign_(generic)" title="Currency sign (generic)"><span class="nounderlines" style="font-size:125%">¤</span></a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Currencies_of_Africa" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Currencies_of_Africa" title="Template:Currencies of Africa"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Currencies_of_Africa" title="Template talk:Currencies of Africa"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Currencies_of_Africa" title="Special:EditPage/Template:Currencies of Africa"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Currencies_of_Africa" style="font-size:114%;margin:0 4em"><a href="/wiki/Currency" title="Currency">Currencies</a> of Africa</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">North</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Algerian_dinar" title="Algerian dinar">Algerian dinar</a></li> <li><a href="/wiki/Egyptian_pound" title="Egyptian pound">Egyptian pound</a></li> <li><a href="/wiki/Euro" title="Euro">Euro</a></li> <li><a href="/wiki/Libyan_dinar" title="Libyan dinar">Libyan dinar</a></li> <li><a href="/wiki/Mauritanian_ouguiya" title="Mauritanian ouguiya">Mauritanian ouguiya</a></li> <li><a href="/wiki/Moroccan_dirham" title="Moroccan dirham">Moroccan dirham</a></li> <li><i><a href="/wiki/Sahrawi_peseta" title="Sahrawi peseta">Sahrawi peseta</a></i> (<i>unrecognized</i>)</li> <li><a href="/wiki/Sudanese_pound" title="Sudanese pound">Sudanese pound</a></li> <li><a href="/wiki/Tunisian_dinar" title="Tunisian dinar">Tunisian dinar</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Central</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Angolan_kwanza" title="Angolan kwanza">Angolan kwanza</a></li> <li><a href="/wiki/Burundian_franc" title="Burundian franc">Burundian franc</a></li> <li><a href="/wiki/Central_African_CFA_franc" title="Central African CFA franc">Central African CFA franc</a></li> <li><a href="/wiki/Congolese_franc" title="Congolese franc">Congolese franc</a></li> <li><a href="/wiki/Rwandan_franc" title="Rwandan franc">Rwandan franc</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">East</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Comorian_franc" title="Comorian franc">Comorian franc</a></li> <li><a href="/wiki/Djiboutian_franc" title="Djiboutian franc">Djiboutian franc</a></li> <li><a href="/wiki/Eritrean_nakfa" title="Eritrean nakfa">Eritrean nakfa</a></li> <li><a href="/wiki/Ethiopian_birr" title="Ethiopian birr">Ethiopian birr</a></li> <li><a href="/wiki/Kenyan_shilling" title="Kenyan shilling">Kenyan shilling</a></li> <li><a href="/wiki/Seychellois_rupee" title="Seychellois rupee">Seychellois rupee</a></li> <li><a href="/wiki/Somali_shilling" title="Somali shilling">Somali shilling</a></li> <li><i><a href="/wiki/Somaliland_shilling" title="Somaliland shilling">Somaliland shilling</a></i> (<i>unrecognized</i>)</li> <li><a href="/wiki/South_Sudanese_pound" title="South Sudanese pound">South Sudanese pound</a></li> <li><a href="/wiki/Tanzanian_shilling" title="Tanzanian shilling">Tanzanian shilling</a></li> <li><a href="/wiki/Ugandan_shilling" title="Ugandan shilling">Ugandan shilling</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">South</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Botswana_pula" title="Botswana pula">Botswana pula</a></li> <li><a href="/wiki/Pound_sterling" title="Pound sterling">Sterling</a></li> <li><a href="/wiki/Euro" title="Euro">Euro</a></li> <li><a href="/wiki/Lesotho_loti" title="Lesotho loti">Lesotho loti</a></li> <li><a href="/wiki/Malagasy_ariary" title="Malagasy ariary">Malagasy ariary</a></li> <li><a href="/wiki/Malawian_kwacha" title="Malawian kwacha">Malawian kwacha</a></li> <li><a href="/wiki/Mauritian_rupee" title="Mauritian rupee">Mauritian rupee</a></li> <li><a href="/wiki/Mozambican_metical" title="Mozambican metical">Mozambican metical</a></li> <li><a href="/wiki/Namibian_dollar" title="Namibian dollar">Namibian dollar</a></li> <li><i><a href="/wiki/Saint_Helena_pound" title="Saint Helena pound">Saint Helena pound</a></i></li> <li><a href="/wiki/South_African_rand" title="South African rand">South African rand</a></li> <li><a href="/wiki/Swazi_lilangeni" title="Swazi lilangeni">Swazi lilangeni</a></li> <li><a href="/wiki/Zambian_kwacha" title="Zambian kwacha">Zambian kwacha</a></li> <li><a href="/wiki/Zimbabwean_ZiG" title="Zimbabwean ZiG">Zimbabwe Gold</a> <ul><li><a href="/wiki/Mosi-oa-Tunya_(coin)" title="Mosi-oa-Tunya (coin)">mosi-oa-Tunya</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">West</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cape_Verdean_escudo" title="Cape Verdean escudo">Cape Verdean escudo</a></li> <li><a href="/wiki/Euro" title="Euro">Euro</a></li> <li><a href="/wiki/Gambian_dalasi" title="Gambian dalasi">Gambian dalasi</a></li> <li><a href="/wiki/Ghanaian_cedi" title="Ghanaian cedi">Ghanaian cedi</a></li> <li><a href="/wiki/Guinean_franc" title="Guinean franc">Guinean franc</a></li> <li><a href="/wiki/Liberian_dollar" title="Liberian dollar">Liberian dollar</a></li> <li><a class="mw-selflink selflink">Nigerian naira</a></li> <li><a href="/wiki/S%C3%A3o_Tom%C3%A9_and_Pr%C3%ADncipe_dobra" title="São Tomé and Príncipe dobra">São Tomé and Príncipe dobra</a></li> <li><a href="/wiki/Sierra_Leonean_leone" title="Sierra Leonean leone">Sierra Leonean leone</a></li> <li><a href="/wiki/West_African_CFA_franc" title="West African CFA franc">West African CFA franc</a></li></ul> </div></td></tr></tbody></table></div> <style data-mw-deduplicate="TemplateStyles:r1130092004">.mw-parser-output .portal-bar{font-size:88%;font-weight:bold;display:flex;justify-content:center;align-items:baseline}.mw-parser-output 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