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Currency history

Nigerian naira

Dates in use
Still in use; introduction date not established here
Currency code
NGN
Ancestry branch
Sterling

Its place in the family

All ancestors and descendants ↗
Nigerian naira: documented and qualified family connections PARENTS THIS CURRENCY CHILDREN Nigerian poundNigerian pound 1973 · DocumentedNaira per Nigerian pound.Documented connection · 1973 · Naira per Nigerian pound. Nigerian nairaNigerian naira NGN No successor is established here.

Parents 1

Nigerian naira

This currency

Children 0

No successor is established here.

Trace its ancestry backward

Roman as–denarius accounting

Earlier as reckoning; denarius introduced c. 211 BC; accounts continue into late antiquity

Earlier ancestry is not established here.

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The story

The reproduced exchange notice keeps pound-denominated notes as tender through February 14, 1973, ending that status on 15 February. [1]

Turning points

First issue

Decimal notes and coins began on January 1, 1973; one naira equaled ten old shillings, or two naira per pound. [2]

Former coin tender end reported

The same reproduced notice keeps former coins as tender through September 30, 1973, ending that status on 1 October. [3]

Sources and evidence

  1. Nigeria; text reproduced by Policy and Legal Advocacy Centre · Decimal Currency Act and Decimal Currency (Exchange) Notice
  2. Central Bank of Nigeria · 1973 Currency Issue
  3. Nigeria; text reproduced by Policy and Legal Advocacy Centre · Decimal Currency Act and Decimal Currency (Exchange) Notice

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Cite this page

“Nigerian naira.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/T-FTM000644.html

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