The history of Nigeria currency paper,As no knowledge is a waste. Past history and present
5. Another five shilling note issued in 1968
As a war strategy, the shillings notes were changed to reflect different colours. While the banknotes were changed, the coins remained unchanged and in circulation.
A front and back view of the 'new' five Shillings note
6. One pound notes were reintroduced in a different colour in 1968
All the pound notes had their colours changed, including the five pound notes.
One pound notes with different colours were circulated in 1968
7. 50 kobo was introduced in 1973, and taken off the market in 1978
Just five years after the fifty kobo note was first circulated in Nigeria, it was decided that it should be taken off the market. The nickel-plated coins for the same denomination were introduced in 1989 and eventually withdrawn from the market in 2007.
The Fifty Kobo notes were introduced in 19
8. The one Naira note:
The one Naira note was introduced in January, 1973, by the Central Bank of Nigeria.
The front and back view of the one naira note
9. The five Naira note:
The five Naira note was first introduced in 1973, The green-coloured note bore the engraved portrait of Alhaji Sir Abubakar Tafawa Balewa who was the first prime minister of Nigeria. In 1984, the colours of the note were changed to mauve (a mix of pink and purple), and in 2007, the notes were changed from paper to polymer notes.
The old five Naira note, the back of the note shows the Nkpokiti dancers from South Eastern Nigeria
The new polymer notes were circulated in 2007 and have remained in the market, even though the money itself may have reduced in value.
Five Naira polymer note
10. The ten Naira note:
The 10 Naira note was also issued first in 1973, and is engraved with the portrait of Dr Alvan Ikoku, an educator and politician. The back is engraved with a picture of Fulani milk maids from northern Nigeria.
Front and back view of Alvan Ikoku
The 10 Naira note was reintroduced as polymer notes in 2007, and have remained in circulation.
Ten Naira polymer note
11. The 20 Naira note:
The 20 Naira note was first introduced as paper notes in 1973, and shows the engraved portrait of General Murtala Muhammed, a former Nigerian military ruler. The notes were eventually changed to polymer notes in 2007.
The old twenty Naira note
The polymer notes are still in circulation till date, the back of the polymer shows Ladi Kwali, a popular female potter.
Twenty Naira Polymer note
12. The 50 Naira note:
The 50 Naira note was the highest denomination in 1991 when it was first introduced into the Nigerian market. The back of the banknote depicted farmers working hard at their farm.
Old fifty Naira note
The note was later changed to polymer in 2007, and the back was later changed to depict fishermen holding their big catch.
Fifty Naira polymer note
13. The 100 Naira note:
The hundred Naira note was first introduced in December 1999. The note shows the engraved portrait of Chief Obafemi Awolowo, a former premier of the western region. The back shows the popular Zuma rock, located in Niger state.
old hundred Naira note
The 100 Naira note was eventually changed on November 12, 2014 in commemoration of Nigeria’s 100 years of existence. The colour of the note was changed and the back was changed from Zuma rock to traditional dancers showing off their skills. The note also features a QR code which launches a website about Nigeria’s history when scanned (bet you didn't know this).
new 100 Naira note
14. The 200 Naira note:
The 200 Naira note was introduced in 2000, and shows the engraved portrait of Alhaji Sir Ahmadu Bello, the first Premier of Northern Nigeria. The back shows Pyramid of bags of agricultural commodity, fruits, vegetables, cattle and livestock farming. This probably refers to those early days of trade by barter, or shows that Nigeria is a country that is rich in agriculture.
The 200 Naira note
15. The 500 Naira note:
The 500 Naira note was introduced in 2001, and shows the engraved portrait of Dr Nnamdi Azikiwe, the first President of the Federal Republic of Nigeria. The back shows a picture of an offshore oil rig (why not? Nigeria is known for its oil after all).
The 500 Naira note
16. The 1000 Naira note:
The 1000 Naira note was introduced in 2005, becoming the highest denomination of the nation's currency. It is also the only Nigerian banknote that has the engraved portrait of two prominent Nigerians, Alhaji Aliyu Mai Bornu and Dr. Clement Isong, who were the first and second indigenous Governors of the Central Bank of Nigeria. The back shows a picture of the Central Bank of Nigeria's corporate Head Office in Abuja.
One thousand Naira note
So far, only the polymer notes have the three major Nigerian languages, Igbo, Hausa and Yoruba, inscribed on them. They are also the only notes bearing the Nigerian flag.
17. The 'coins era':
There was a time when coins were the 'it' thing. The Pence were mostly made from Gold, while the Shillings were made from Silver. These days they have become 'extinct' and even the Central Bank of Nigeria tried to bring them back into circulation with the introduction of the N2 coin, it didn't catch on as the value of the Naira has been on a steady decline.
These coins were used in Nigeria, including the shillings and pence
These coins below could be called the 'big boys' of the Nigerian coins, as they were introduced much later in 2007. The 50 Kobo coin was made from the Nickel, the N1 coin was made from Brass plated steel, the N2 coins were made with Copper plated Steel.
The 'new era'' coins
