Throwbacks Photos Of Nigeria’s Old Currencies.
When the British-men came to colonize Nigeria, pounds sterling, which is the currency being spent in the Great Britain was introduced to Nigeria.
Soon, Nigeria noticed a change in economy and thought making their own currency will make them less dependent on the British-men. And this gave birth to Kobo and Naira. The Kobo had different denominations but only ₦1 was introduced then until after independent when different denominations were produced. Some paper notes were changed to polymers. Those changes can be noticed in ₦5, ₦10, ₦20 and ₦50. Some denominations were re-modified like the ₦50 notes during Nigeria’s golden jubilee anniversary.
Old 20 naira note