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 on 100 naira note?
Chief Obafemi Jeremiah Oyeniyi Awolowo is pictured on the banknote of 100 Nigerian Naira, wearing a kufi hat. Awolowo was Premier of Western Nigeria. On the back side of the ₦100 bill is an image of the Zuma Rock monolith in Niger province.
Who introduced 50 Naira note in Nigeria?
The Central Bank of Nigeria started issuing these 50 Nigerian Naira banknotes in 1991. They were withdrawn from circulation in 2009.
When did 1000 naira note came out?
500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005. On February 28th 2007, as part of the economic reforms, N50, N20, N10 and N5 banknotes and N1 and 50K coins, were reissued in new designs. While a new denomination N2 coin was introduced.
When did Nigeria introduce 50 Naira note?
Nigerian fifty-naira note ( ₦ 50 or NGN 50) is a denomination of the Nigerian currency. The fifty-naira note was introduced in October 1991.
Who introduced 10 naira?
On January 1, 1973, the Central Bank of Nigeria introduced notes for 50 kobo, 1, 5, 10 and 20 naira.
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.
Who is on the 200 naira note?
The 200 Nigerian naira note front design features Ahmadu Ibrahim Bello, Sardauna of Sokoto (1910 – 1966), was a Nigeran statesman knighted as Sir Ahmadu Bello, who planned northern Nigeria through Nigerian independence in 1960 and was its first and only prime minister between 1954 and 1966, before his assassination.
Which year was naira equal to dollar?
From the day that Abacha took power to the day he died on June 8 1998, a period of some five years, the ‘official’ exchange rate of the naira to the dollar never changed from 22 naira to $1.
How do I convert EFX to naira?
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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 |
Who is on 1000 naira note in Nigeria?
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. Both men are governors: the former of the Central Bank of Nigeria and the latter of Cross River State, South Nigeria.
How do I convert kobo to naira?
The naira is the currency of Nigeria. It is subdivided into 100 kobo.
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Quick Conversions from Nigerian Naira to Nigerian Naira : 1 NGN = 1 NGN.
| NGN | NGN |
|---|---|
| ₦ 250 | ₦ 250.00 |
| ₦ 500 | ₦ 500.00 |
| ₦ 1,000 | ₦ 1,000.00 |
| ₦ 5,000 | ₦ 5,000.00 |
What is the highest currency in Nigeria?
Currently the highest currency denomination is 1,000 Naira.
What is money called in Nigeria?
Nigerian naira
Who is in 5 naira note?
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.
How much is $100 US in Nigeria?
You have just converted one hundred dollars to nigerian naira according to the recent foreign exchange rate 411.503727. For one hundred dollars you get today 41,150 naira 37 kobo.
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USD to NGN Table.
| USD | NGN | |
|---|---|---|
| $10 | = | ₦4,115.04 |
| $20 | = | ₦8,230.07 |
| $50 | = | ₦20,575.19 |
| $100 | = | ₦41,150.37 |