5 Nigerian naira Banknote Design
The 5 Nigerian naira note front design features a Portrait of Alhaji Dir Abubakar Tafawa Balewa (1912-1966), the first Prime Minister of Nigeria. The reverse note side illustrates Nigerian Dancers, The National Coat of Arms. This note is part of the 2009 – 2020 series, and its color is mauve on multicolor underprint.
Text: Central Bank of Nigeria, Unity, Faith, Peace, and Progress, Governor, Director of Currency and Branch Operations, Naira Biyar, Five Naira, 5, 2017.
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The Naira has been the official currency in Nigeria since 1973, Wherefore when it replaced the Nigerian pound after the national independence in 1960.
After establishing the Naira as the legal currency of exchange, this is why the Central Bank of Nigeria issued notes in denominations of 50 kobo, 1 Naira, to 1000 Naira between 1991 and 2005.6
In 2007, Nigeria changed the 50 kobo and 1 naira to coins. But, to clarify, notes have had a different design and security changes until nowadays.
In 2019, the Naira attained a landmark when, for the first time, it featured a woman’s signature. However, Priscilla Ekwere Eleje, the Director of Currency operations of the Central Bank of Nigeria at the time.
In October 2021, the Naira, the digital version of the state currency, is officially launched in Nigeria.
Nigeria currency symbol
The currency code for Nairas is NGN, and the currency symbol is ₦. Therefore, 100 kobo are One Naira.