Nigerian Currency Gallery

In this version of the Nigerian Currency Gallery app, we have included the redesigned denominations of 200, 500, and 1,000 Naira notes under the former President of Nigeria Muhammadu Buhari and the past Governor of the Central Bank of Nigeria, Godwin Emefiele. The Central Bank of Nigeria (CBN) has unveiled modified banknotes in the denominations of 200, 500, and 1,000 Naira. The new banknotes went into circulation on December 15, 2022. While the visual design of the notes remains nearly identical to those in the previous series, they have new colour schemes and a few upgraded security features. Why the change? According to the CBN, the reasons for issuing modified banknotes include the following: 1. The notes currently in circulation are in poor condition due to age. (Nigeria’s banknote designs have not been significantly updated in over 20 years.) 2. Due to the increasing “ease and risk of counterfeiting” of banknotes, especially of the higher denominations, additional security features were required.