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The five hundred naira Nigerian note is a denomination of Nigerian currency. It was introduced in April 2001, and it was the highest currency in Nigeria when it was introduced until the 1000 naira was introduced. [1] The obverse of the note features a portrait of Nnamdi Azikiwe. The reverse features an off-shore oil rig and the Coat of arms of ...
The naira (sign: ₦; code: NGN; Yoruba: náírà, Hausa: نَيْرَ, romanized: naira, Igbo: naịra, Tyap: nera) is the currency of Nigeria. One naira is divided into 100 kobo. [2] The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria.
The ten Naira note, distinguished by its orange tint, bears the likeness of Alvan Ikoku, a figure notable for his contributions to education in Nigeria.His representation on the note commemorates his pioneering efforts in establishing one of the earliest African-owned secondary schools, thus exemplifying the nation's commitment to educational development.
As of February 2015, "Naira notes and coins are printed/minted by the Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing/minting companies and issued by the Central Bank of Nigeria (CBN)." [10]
eNaira is a Central bank digital currency issued and regulated by the Central Bank of Nigeria. [1] It was the first of its type in Africa. [2] Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash.
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. [1] Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000.
In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. The Nigerian currency is the naira (NGN). As of June 2006, the exchange rate was about US$1=NGN128.4. As of June 2019, it stands at US$1 =NGN357.
Notes were issued in denominations of 5, 10, 20, 50, 100, and 1,000 francs, followed by those of 500 francs in 1949, and 5,000 francs in 1952. In 1957, the Institut d'Émission de l'Afrique Équatoriale Française et du Cameroun took over paper money production, issuing all of the earlier denominations except for the 500 -franc bill.