Nigerian Naira
 |
| Nigerian Naira (₦) Notes |
| Code | NGN |
|---|---|
| Denominations | |
| Subunit | |
| kobo | 1/100 |
| Plural | naira |
| kobo | kobo |
| Symbol | ₦ |
| Coins | 50 kobo, ₦1, ₦2 |
| Banknotes | ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000 |
| Demographics | |
| User(s) | Nigeria |
| Issuance | |
| Central bank | Central Bank of Nigeria |
| Website | CenBank.Org |
| Printer | Nigerian Security Printing and Minting Company Limited |
| Website | MintNigeria.Com |
| Mint | Nigerian Security Printing and Minting Company Limited |
| Website | MintNigeria.Com |
In 1973, coins were introduced in denominations of ½, 1, 5, 10 and 25 kobo, with the ½ and 1 kobo in bronze and the higher denominations in cupro-nickel. The ½ kobo coins were minted only that year. In 1991, smaller 1, 10 and 25 kobo coins were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and 1 naira. On 28 February 2007, new coins were issued in denominations of 50 kobo, 1 and 2 naira, with the 1 and 2 naira bimetallic. Some Nigerians expressed concerns over the usability of the ₦2 coin. The deadline for exchanging the old currency was set at 31 May 2007. The central bank stated that the ½ to 25 kobo coins were withdrawn from circulation with effect from 28 February 2007.
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