About Nigeria banknotes
Nigeria replaced the pound with the naira in 1973, at two naira to one pound. The Central Bank of Nigeria moved its lower values to polymer from 2007. The 20 naira shows General Murtala Muhammed, head of state in 1975–1976.
See also: African banknotes, Ghana and polymer banknotes.
Frequently asked questions
When was the naira introduced?
On 1 January 1973, replacing the Nigerian pound.
Are Nigerian notes polymer?
The lower values, including the 5, 10, 20 and 50 naira, are polymer.
Who issues Nigerian banknotes?
The Central Bank of Nigeria.
Are your Nigeria banknotes genuine?
Yes. Every Nigeria note we sell is a genuine banknote, never a copy or replica. Each listing states the grade, gives the Pick catalogue number where one exists and shows the front and back, and every order ships tracked from Hungary.


