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The Nigerian naira notes are the official banknotes of Nigeria, the currency of which is the Nigerian naira (NGN). The naira is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender in the country.
In 2012 the Central Bank of Nigeria was contemplating the introduction of new currency denominations of ₦5,000. The bank also made plans to convert ₦5, ₦10, ₦20 and ₦50 into coins which are all presently notes.
12 Νοε 2018 · The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation.
3 Οκτ 2024 · The Central Bank of Nigeria has the sole authority to issue banknotes and coins. Coin denominations range from 1 / 2 kobo to 1 naira. Banknotes are denominated in values from 5 to 500 naira.
16 Ιουλ 2022 · What Is the Nigerian Naira (NGN)? NGN is the currency code for the Nigerian naira, the official currency for the Federal Republic of Nigeria.
The currency structure comprises of five coin denominations (1k, 10k, 50k, ₦1, and ₦2), eight banknote denominations (₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000 and Central Bank Digital Currency .
The highest banknote denomination was one pound, while the one shilling coin was the highest coin denomination. On 1st July, 1959 the Central Bank of Nigeria (CBN) issued Nigerian currency banknotes, while the WACB-issued banknotes and coins were withdrawn.
