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Mar 9, 2020

[Answer] What is Nigeria's currency?

Step 1 : Introduction to the question "What is Nigeria's currency? "



...1. Dinar 2. Dollar 3. Naira 4. Rand




Step 2 : Answer to the question "What is Nigeria's currency? "



Naira - Nigeria's currency is the naira. It has been in use since January 1973, when the government moved to a decimalized system, with one basic currency and sub-units of that currency. In Nigeria's case, the naira is the so-called major unit, and the minor unit is the kobo, of which 100 equals one naira. Prior to 1973, the country used the Nigerian pound, a remnant of its former status as a British colony. Today, there are naira banknotes of various denominations, including ₦1, ₦5, ₦10, ₦20, and ₦100. Each banknote features the portrait of a prominent Nigerian. The ₦5, for example, shows Nigeria's prime minister, Sir Abubarkar Tafawa Balewa.:


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