Nigeria new money

You're referring to the new Nigerian currency, the Naira!

In 2023, the Central Bank of Nigeria (CBN) introduced a new series of banknotes and coins to replace the old ones. Here are the details:

New Banknotes:

  1. N50 note: Features a portrait of Dr. Nnamdi Azikiwe, a Nigerian statesman and philosopher.
  2. N100 note: Features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu, a Nigerian politician and military leader.
  3. N200 note: Features a portrait of Muhammadu Buhari, the current President of Nigeria.
  4. N500 note: Features a portrait of Obafemi Awolowo, a Nigerian politician and statesman.
  5. N1,000 note: Features a portrait of Moshood Abiola, a Nigerian businessman and politician.

New Coins:

  1. 50 kobo coin: Features a portrait of Dr. Nnamdi Azikiwe.
  2. N1 coin: Features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu.
  3. N2 coin: Features a portrait of Muhammadu Buhari.
  4. N5 coin: Features a portrait of Obafemi Awolowo.

The new currency was introduced to combat counterfeiting and to make it easier to identify genuine banknotes. The new notes and coins also feature advanced security features, such as watermarks, holograms, and micro-printing, to prevent counterfeiting.

It's worth noting that the old currency is still valid and can be exchanged for the new currency at banks and other authorized financial institutions.