Information about currency: Nigerian Pound

Nigerian Pound (1959 - 1962)
Currency NameNigerian Pound
System1 Pound = 20 Shillings, 1 Shilling = 12 Pence
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.

Coin Types in currency: Nigerian Pound (6)
Coin TypeTypeFromToSub-typesCoins
Two Shillings Regular Circulating 1959 1959 1
Shilling Regular Circulating 1959 1962 3
Sixpence Regular Circulating 1959 1959 1
Threepence Regular Circulating 1959 1959 1
One Penny Regular Circulating 1959 1959 1
Halfpenny Regular Circulating 1959 1959 1
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Nigerian Pound: Details
Issued ByNigeria
From1959
To1962
Nigerian Pound: Users
CountryPeriodFromTo
Flag of Nigeria Nigeria Nigerian Pound 1959 1972
Flag of Biafra Biafra Nigerian Pound 1967 1970
Nigerian Pound: Related Currencies
CountryCurrencyFromTo
Flag of United Kingdom United Kingdom Pound Sterling (pre-decimal) 1801 1971