Most of the banknotes contain images of previous political leaders important in Nigeria’s history; for example, Sir Abubakar Tafawa Balewa, Nigeria’s first prime minister, is pictured on the 5-naira note, and Nnamdi Azikiwe, Nigeria’s first president, is on the 500-naira note.
Who is on the 1000 naira note?
The Central Bank of Nigeria started issuing these 1000 Nigerian Naira banknotes in 2005. They are currently still in circulation. The 1000 Naira banknote is the highest value paper money note in Nigeria. On the obverse side of the ₦1000 bill are the portraits of Mallam Alijy Mai-Bornu and Dr Clement Nyong Isong.
What is at the back of 500 naira note?
Nigeria 500 Naira (2001-2010) Front: Dr. Nnamdi Azikiwe (1904-1996) – First President of the Federal Republic of Nigeria. Ornamental security patterns adapted from Nigerian traditional art. Back: Offshore oil rig platform.
Who introduced 500 naira in Nigeria?
On January 1, 1973, the Central Bank of Nigeria introduced notes for 50 kobo, 1, 5, 10 and 20 naira. The 50 kobo notes were last issued in 1989. In 1991, 50 naira notes were issued, followed by 100 naira in 1999, 200 naira in 2000, 500 naira in 2001 and 1000 naira on October 12, 2005.
Who is the person on 50 Naira note?
Do you have a 50 Nigerian Naira banknote (People of Nigeria)?
|Text||50, Aadota Naira, Central Bank of Nigeria, Fifty Naira, Naira Hamsin, Naira Iri Ise|
|Object||map of Nigeria, market, Nigerian flag, people, see-through window|
Who is in 10 Naira note?
Do you have a 10 Nigerian Naira banknote (Alvan Ikoku)?
Do we have 5000 naira note in Nigeria?
The federal government Tuesday formally endorsed the introduction of the 5,000 naira note introduction despite the criticism that has greeted its introduction.
What is money called in Nigeria?
What year was naira higher than dollar?
Up to the year 1985, the Naira was the equivalent of the Pound Sterling and stronger than the Dollar. Yes, the almighty Dollar.
How much is $100 US in Nigeria?
Are you overpaying your bank?
|Conversion rates US Dollar / Nigerian Naira|
|10 USD||3880.00000 NGN|
|20 USD||7760.00000 NGN|
|50 USD||19400.00000 NGN|
|100 USD||38800.00000 NGN|
Does Nigeria print their own money?
The Nigerian Security Printing and Minting Company Limited Plc is the Nigerian banknote printer and mint. It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria. In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria.
Can Nigeria print money?
Naira notes and coins are printed / minted by the Nigeria Security Printing and Minting (NSPM) Plc and sometimes, other overseas companies, and issued by the CBN. The fit banknotes are re-issued, while the unfit ones are disposed. …
What is the highest currency in Nigeria?
Currently the highest currency denomination is 1,000 Naira.
Why is 50 naira called better life?
They were withdrawn from circulation in 2009. This ₦50 paper banknote features the portraits of four ordinary Nigerians from various ethnic groups and cultures who represent the people of Nigeria. When this 50 NGN note was introduced in the early 1990’s it got the nickname ‘Better Life’.
Is there 2000 naira note in Nigeria?
The West African Currency Board was responsible for issuing currency notes in Nigeria from 1912 to 1959. These are 100 Naira(1999), 200 Naira note (2000). … 500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005.
How do I convert EFX to naira?
EFX to NGN Conversion Table.
|Effect.AI (EFX)||Naira (NGN)|
|1 EFX||=||17.34 NGN|
|2 EFX||=||34.69 NGN|
|3 EFX||=||52.03 NGN|
|5 EFX||=||86.72 NGN|