Who is on each 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.
Who made 50 Naira note?
On January 1, 1973, the Central Bank of Nigeria introduced notes for 50 kobo, 1, 5, 10 and 20 naira: in April 1984, the colours of all naira banknotes were changed in an attempt to control money laundering. In 1991, 50 naira notes were issued, while the 50 kobo and 1 naira notes were replaced by coins in 1991.
What is the name of the woman on the fifty naira note?
Priscilla Ekwueme Eleje is the first Director of Currency Operations at the Central Bank of Nigeria (CBN). She is also the first woman to have her signature appended on the Nigeria Currency, the naira note.
Who is on 100 naira note?
It was created 13 years after independence. The 100 naira note became a legal tender in Nigeria in January, 1973, according to History Ville. Since then, the portrait of Obafemi Awolowo has been its adorning.
What are the features of 50 naira?
The Central Bank of Nigeria started issuing these 50 Nigerian Naira banknotes in 1991. They were withdrawn from circulation in 2009.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 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. It was the highest denomination when it was introduced in the country.
Which country Print Nigeria money?
CBN stated in the report that the notes were printed by the Nigerian Security Printing and Minting Plc (NSPM Plc). CBN said, “The NSPM PLC remained the sole printer of the Nigerian legal tender currency. The Central Bank of Nigeria as a major investor holds 89.52 per cent of the shares in the company.
What year did Nigeria stop using coins?
On 1st July, 1959 the Central Bank of Nigeria (CBN) issued Nigerian currency banknotes, while the WACB-issued banknotes and coins were withdrawn. It was not until 1st July, 1962 that the currency was changed to reflect the country’s republican status.
Why did Nigeria stop using coins?
There was also a monumental decrease in the value of the Naira. 1 NGN was now almost worthless. People could no longer transact with smaller denominations as the value had dropped. So the coin currency slowly faded into non-existence.
What animal is unique to Nigeria?
The Official National Animal of Nigeria. The black-crowned crane is the official animal of Nigeria, endemic to the country and thought to be signs of prosperity. Two different species of black-crowned cranes live in Nigeria.
Who is Awolowo in Nigeria?
Chief Obafemi Jeremiah Oyeniyi Awolowo GCFR (Yoruba: Ọbafẹ́mi Oyèníyì Awólọ́wọ̀; 6 March 1909 – 9 May 1987) was a Nigerian nationalist and statesman who played a key role in Nigeria’s independence movement, the First and Second Republics and the Civil War.
Who introduced 1000 naira note?
The one thousand-naira note was introduced in October 2005. On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note.
Is there a 500 pound note?
The Bank of England started issuing these 500 British Pound banknotes in 1725. … They were withdrawn from circulation in 1945. The £500 pounds white note is the Bank of England’s second highest denomination.