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Information about currency: Nigerian Pound

Currency nameNigerian Pound
CountryNigeria
Dates1959 - 1962
System

1 Pound = 20 Shillings, 1 Shilling = 12 Pennies

Description

The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound (which was at parity with the British pound with easy convertibility) was replaced with the introduction in 1973 of the decimal naira at a rate of 1 pound = 2 naira. This made Nigeria the last country to abandon the £sd currency system.

Currency Nigerian Pound was used:
Country From To
Biafra Nigerian Pound 1967 1970
Nigeria Nigerian Pound 1959 1972
Coin types of currency Nigerian Pound:
Two Shillings 1959 - 1959

Shilling 1959 - 1962

Sixpence 1959 - 1959

Threepence 1959 - 1959

One Penny 1959 - 1959

Halfpenny 1959 - 1959