Who is on the hundred naira note?

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.

Who is on the 200 naira note?

The 200 Nigerian naira note front design features Ahmadu Ibrahim Bello, Sardauna of Sokoto (1910 – 1966), was a Nigeran statesman knighted as Sir Ahmadu Bello, who planned northern Nigeria through Nigerian independence in 1960 and was its first and only prime minister between 1954 and 1966, before his assassination.

Who is on Nigeria 500 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.

When did Nigeria introduced 1000 naira note?

500 Naira was released in April, 2001 while the 1000 Naira note was released in October 2005. On February 28th 2007, as part of the economic reforms, N50, N20, N10 and N5 banknotes and N1 and 50K coins, were reissued in new designs. While a new denomination N2 coin was introduced.

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What is the Colour of 500 naira note?

Additional information

Location Nigeria
Colour multicolour, purple
Person Nnamdi Azikiwe, Zik
Profession father of Nigerian Nationalism, first President of Nigeria
Text 500, Central Bank of Nigeria, Dr Nnamdi Azikiwe 1904-1996, Five Hundred Naira, ₦500

Who named Nigeria?

Like so many modern African states, Nigeria is the creation of European imperialism. Its very name – after the great Niger River, the country’s dominating physical feature – was suggested in the 1890s by British journalist Flora Shaw, who later became the wife of colonial governor Frederick Lugard.

What is 50 kobo in Naira?

The subunit of the naira is the kobo, with 100 kobo in one naira. The coin of 50 kobo is equivalent to half a naira.

Additional information.

Location Nigeria
Series Nigerian Naira coins
Tender coins
Weight 3.6 g
Dimensions 19.5 × 19.5 × 1.8 mm

What is the capital of Nigeria?

Abuja, city, capital of Nigeria. It lies in the central part of Nigeria, in the Federal Capital Territory (FCT; created 1976). The city is approximately 300 miles (480 km) northeast of Lagos, the former capital (until 1991).

Who named Nigeria currency naira?

The currency sign is U+20A6 ₦ NAIRA SIGN. The name “naira” was coined from the word “Nigeria” by Obafemi Awolowo. The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%.

Who created one thousand naira note?

President Olusegun Obasanjo yesterday formally launched the new N1000 note, which is the last lap in the series of the approved higher denomination notes and challenged the Central Bank of Nigeria and the Nigeria Security Minting and Printing Company to brace up to added responsibility that would arise as Africa moves …

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Which country Print Nigeria money?

The Nigerian Security Printing and Minting Company Limited Plc is the Nigerian banknote printer and mint. It is located in both Abuja and Lagos and is majority-owned by the government of Nigeria. In addition to printing the banknotes and the postal orders of Nigeria, it has struck some of the coins of Nigeria.

Does CBN print money in Nigeria?

618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on its website. … CBN indicated in the report that the notes were printed in-country by the Nigerian Security Printing and Minting Plc (NSPM Plc).

Where is Clement isong from?

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.