2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2012
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2001
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2005
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1996
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Detailed explanation-1: -The N50 note denomination was added in 1991. Furthermore, in response to the expansion in economic activities and to facilitate an efficient payment system, the N100, N200, N500 and N1, 000 banknotes were introduced in December 1999, November 2000, April 2001, and October 2005, respectively.
Detailed explanation-2: -On 2nd July, 1979, new currency banknotes of three denominations, namely ₦1, ₦5 and ₦10 were introduced.
Detailed explanation-3: -Most of the banknotes contain images of previous political leaders important in Nigeria’s history; for example, Sir Abubakar Tafawa Balewa, Nigeria’s first prime minister, is pictured on the 5-naira note, and Nnamdi Azikiwe, Nigeria’s first president, is on the 500-naira note.
Detailed explanation-4: -Nigerian one thousand-naira note ( ₦ 1000 or NGN 1000) is a denomination of the Nigerian currency. The one thousand-naira note was introduced in October 2005. On 12 October 2005, Olusegun Obasanjo launched the ₦ 1000 note.