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Nigeria Currency

Nigerian naira
ISO 4217 code
NGN
Central bank
Central Bank of Nigeria
 Website
www.cenbank.org
User(s)
Nigeria
Inflation
12.1%
 Source
[1], 2012 est.
Subunit
 1/100
kobo
Symbol

Plural
naira
 kobo
kobo
Coins
50 kobo, 1 & 2 naira
Banknotes
5, 10, 20, 50, 100, 200,
500 & 1000 naira
Printer
Nigerian Security
Printing and Minting
Company Limited
 Website
www.mintnigeria.com
Mint
Nigerian Security
Printing and Minting
Company Limited
 Website
www.mintnigeria.com
The naira (sign: ₦;
code: NGN) is the
currency of Nigeria. It is
subdivided into 100
kobo.
The Central Bank of
Nigeria (CBN) is the sole
issuer of legal tender
money throughout the
Nigerian Federation. It
controls the volume of
money supply in the
economy in order to
ensure monetary and
price stability. The
Currency & Branch
Operations Department
of the CBN is in charge
of currency
management, through
the procurement,
distribution/supply,
processing, reissue and
disposal/disintegration
of bank notes and coins.


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