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The naira was introduced on 1 January 1973, [9] replacing the Nigerian pound at a rate of £1 = ₦2. [10] The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen ...
Many post-colonial governments have retained the name and notional value unit system of their prior colonial era currency. For example, the British West African pound was replaced by the Nigerian pound, which was divided into shillings, before being replaced by the naira.
The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound, at parity with sterling with free convertibility, [1] was replaced in 1973 with the decimal naira at a rate of £1 = ₦2, [2] making Nigeria the last country to abandon the pre-decimal £sd currency system.
Banknotes of the Biafran pound (1969 "Second" issue) [2] Value Obverse Reverse Issue Date Size Prefixes 5/– Palm tree over a rising sun: Four Biafran girls Feb 1969 110 x 55 mm MA - NR 10/– Palm tree over a rising sun: Oil refinery Feb 1969 125 x 60 mm GA - GW £1: Palm tree over a rising sun: Coat of arms of Biafra Feb 1969 140 x 70 mm BA ...
A 43-year-old woman's 748 pounds of bologna rolls and other undeclared items were seized by Border Patrol agents in Texas on Monday. ... Over 700 pounds of bologna produced and solid in Mexico ...
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.
Donna Simpson, a single mom in New Jersey, weighs 700 pounds and is trying to gain an additional 300 pounds so that she can claim and hold the Guinness World Records' title of World's Most Obese ...
Can we imagine ourselves back on that awful day in the summer of 2010, in the hot firefight that went on for nine hours? Men frenzied with exhaustion and reckless exuberance, eyes and throats burning from dust and smoke, in a battle that erupted after Taliban insurgents castrated a young boy in the village, knowing his family would summon nearby Marines for help and the Marines would come ...