Nigeria Banknotes Catalog

The history of banknotes in Nigeria is a fascinating journey through the economic and cultural evolution of this African country. Since its independence in 1960, Nigeria has undergone several changes in its monetary system, reflecting its development as a nation.

Current banknotes in circulation

Nigeria currently uses the naira as its official currency. Banknotes in circulation include denominations of 5, 10, 20, 20, 50, 100, 200, 500 and 1000 naira. These banknotes feature designs that honor Nigerian historical and cultural figures, as well as elements representative of the country's diversity. In 2019, the Central Bank of Nigeria introduced new 100, 200, 500 and 1000 naira banknotes with enhanced security features.

Old banknotes and milestones in Nigerian notafilia.

Prior to the introduction of the naira in 1973, Nigeria used the Nigerian pound. Early naira banknotes featured portraits of political leaders and scenes from everyday life. An important milestone was the commemoration of the 50th anniversary of independence in 2010, with the issuance of a special 50 naira bill. In 2014, Nigeria launched a controversial 100 naira bill to celebrate its centennial, which generated debate due to its design and symbolism.