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What is a naira note?

The one-thousand Naira note, radiating in gold tones, portrays the faces of Alhaji Aliyu Mai-Bornu and Dr. Clement Isong, the first and second indigenous governors of the Central Bank of Nigeria, respectively. Their presence on this denomination commemorates their contributions to the nation's financial system.

What is the history of Nigerian naira notes?

The history of Nigerian Naira notes dates back to the introduction of the currency on January 1, 1973. The Central Bank of Nigeria (CBN) is responsible for issuing and regulating the circulation of Naira notes. The initial series of notes featured iconic Nigerian symbols and leaders.

Are old naira notes legal tender in Nigeria?

Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes. The justices said that not enough notice was given to the public before the old notes were withdrawn.

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