Nigerian naira

Nigerian naira
ISO 4217 Code	NGN
User(s)	Nigeria
Inflation	8.2%[1]
Source	2014
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
Central bank	Central Bank of Nigeria
Website	[http://www.cenbank.org www.cenbank.org]
Printer	Nigerian Security Printing and Minting Company Limited
Website	[http://www.mintnigeria.com www.mintnigeria.com]
Mint	Nigerian Security Printing and Minting Company Limited
Website	[http://www.mintnigeria.com www.mintnigeria.com]

The naira (sign: ₦) is the official currency of Nigeria. 100 Kobo makes one naira.

The Central Bank of Nigeria (CBN) issues money throughout the Nigerian Federation. It controls the amount of money supply in the economy in order to ensure the economy and prices are stable. The Currency & Branch Operations Department of the CBN is in charge of currency management. They get the naira notes and coins from its special printers. Then they distribute/supply, process, and reissue it. They also receive and destroy old and unusable bank notes and coins.

      It was announced by the CBN(central bank of Nigeria)announced that on the fifteenth of  December 2022 Nigeria's currency is going to have a new look                                                           it was also announced that by January 2023 everyone in Nigeria is going to use the new currency. The news was later changed till the ending of 2023 ( till December).

1. ↑ "Central Bank of Nigeria - Home". Central Bank of Nigeria. Central Bank of Nigeria. Archived from the original on 29 July 2014. Retrieved 6 August 2014.