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1973Event

CBN issues new national note denominations

The Central Bank introduced decimal notes including 50 kobo, one naira, five naira, and ten naira denominations.

Hall of FameMilitary I

1973

CBN issues new national note denominations

The Central Bank introduced decimal notes including 50 kobo, one naira, five naira, and ten naira denominations.

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What happened

The Central Bank introduced decimal notes including 50 kobo, one naira, five naira, and ten naira denominations. The change gave Nigeria a distinct postcolonial currency system.

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