Cool Facts
Nigeria's Money. The naira is what people in Nigeria use to buy things, just like dollars in the United States or pounds in the United Kingdom. It's the official currency of the whole country.
100 Kobo Equals One. One naira breaks down into 100 kobo, similar to how one dollar is worth 100 cents. The kobo is the smaller unit of money used in Nigeria.
Made Official. Nigeria adopted the naira as its currency to represent the country's independence and identity. It replaced the British pound when Nigeria became independent.
Coins and Bills. The naira comes in both coins and paper bills that people use every day for shopping, paying for food, or going to school. Each bill and coin has different colors and values.