History

History: Where it all began

BRITISH WEST AFRICA TWO SHILLINGS PICK 2B 30th March 1918
British West Africa Two Shillings Note

The Nigerian currency has evolved through various stages of transformation. From 1912 to 1959, The West African Currency Board was responsible for issuing currency notes. Prior to the West African Currency Board establishment, the use of Trade by Barter to the use of cowries and Manilas (money made of bronze or copper) were the means of exchange for goods and services.

On 1 January 1973 the Naira was introduced, replacing the use of Pounds, Shillings and Pence monetary system from the British Colonial era. The Naira consists of Bank Notes and Coins.

Our Vision

Nigerian Coin history

As a company with a long history and a proven track record of business success, we have developed a strong vision that acts as our compass, both in the markets we already know and those we are entering for the first time:

“To be a well-managed and innovative security printing and minting company of choice”

We are the technology leader, trusted partner, and preferred provider of products, services, and solutions in all our markets. We act with intercultural excellence and entrepreneurial drive.

Our Mission

To satisfy Customers’ needs by providing qualitative security print and mint products through a motivated workforce for the benefits of stakeholders