The Nigeria legal tender note have Ben redesign four times over the years
in 1965 Nigeria chose to modify the currency notes it printed in 1965 as a war tactic to counteract the misuse of the country’s currency notes during the period
It was redesigned yet again in 1968, following a civil war.
in i 1973, replacing the imperial system inherited from the British colonial administration, which resulted in a currency redesign then, as part of the economic reforms implemented in 2007, new banknotes with new designs were reissued.
In 2022, the currency was redesigned while the new notes – N200, N500 and N1000 — were launched on November 23 of the year.
A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly-created government-sponsored central bank digital currency. This led to extensive street protests.
