The currency of Nigeria is The naira. The ISO currency code is NGN. This currency is subdivided into 100 kobo.
History: The naira was introduced in 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan has been suspended.
10 naira=US$0.10, 2006. Issued February 28, 2007. Red. Alvan Ikoku portrait, coat of arms, arms and CBN as wmk, signature 14 (Charles C. Soludo, Governor; unknown, Director of Currency and Branch Operations), microprinting, register device. Two women carrying bowls on their heads; denomination in Hausa, Ibo, and Yoruba; and striped map on back. 130 x 72 mm.
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