COIN OF NIGERIA

COIN OF NIGERIA:

The Naira is the official currency of Nigeria and is divided into 100 kobo. Banknotes Tickets of:

 § 5 Naira

 § 10 Naira

 § 20 Naira

 § 50 Naira

 § 100 Naira

 § 200 Naira

 § 500 Naira

 § 1000 Naira

COIN:

The series of currencies currently in circulation were minted in 2006, previously coins of 1/2, 1, 5,

 10 and 25 kobo were also circulated, the face value is on the reverse side with the specified

 reason. Although these coins minted in 2006 are intended to encourage the use of metallic

 money instead of paper money, the objective has not been fulfilled since today it is strange

 to find in circulation any currency since the prices are rounded to a minimum figure of 5 Nairas