Nigeria 5 Pounds Used Banknote

Nigeria 1968 5 Pounds Banknote  Central Bank of Nigeria

Key Features:

• Issuer: Nigeria
• Issuing Bank: Central Bank of Nigeria
• Ruling Authority: Federal Republic (1963-present)
• Type: Standard Circulation Banknote
• Year of Issue: 1968
• Denomination: 5 Pounds
• Currency: Nigerian Pound (1918-1973)
• Material: Paper
• Shape: Rectangular
• Demonetized: Yes
• Printer: De La Rue, London, UK
• Catalog References:  (General Manager title),  (Chief of Banking Operations title)

Obverse Design:

The front of the note features the Central Bank of Nigeria building, representing the country's financial authority. The text includes:

• "Federal Republic of Nigeria"
• "Central Bank of Nigeria"
• A promise to pay the bearer the sum of Five Pounds

Reverse Design:

The reverse highlights cocoa processing, a key industry in Nigeria’s agricultural economy. The text includes:

• "Central Bank of Nigeria"
• "Five Pounds"

Historical Significance:

This 1968 5 Pounds banknote was issued during Nigeria’s transition from the colonial-era currency to an independent monetary system. It was later demonetized following the introduction of the Naira in 1973. The note is highly sought after due to its historical and numismatic value.

Condition & Rarity:

This note is cataloged under  (General Manager title) and  (Chief of Banking Operations title). It has a Numista Rarity Index of 97, indicating its high collectibility.