Nigeria Coin List

The official currency of Nigeria is the naira, which is divided into 100 kobo. Introduced in 1973, this currency has undergone several fluctuations and changes throughout its history, reflecting the economic and political evolution of Africa's most populous country.

Monetary history of Nigeria

Prior to the introduction of the naira, Nigeria used the Nigerian pound as its official currency. It was inherited from the British colonial period and remained in circulation from independence in 1960 until 1973. The transition to the naira marked an important milestone in the country' s monetary sovereignty, allowing greater autonomy in national economic policy.

Significant events in Nigerian numismatics

A significant event in Nigeria's numismatic history was the introduction of polymer coins in 2007, making it one of the first African countries to adopt this technology. In addition, in 2020, the Central Bank of Nigeria announced plans to redesign and replace the higher denominations of the naira, with the aim of combating counterfeiting and improving the security of the national currency.