What is Nigerian naira?
{{Infobox currency |image_1 = |image_title_1 = Naira banknotes |iso_code = NGN |using_countries = {{NGA}} |inflation_rate = 8.2%<ref>{{cite web | url=http://www.cenbank.org/ | title=Central Bank of Nigeria - Home | publisher=Central Bank of Nigeria | work=[[Central Bank of Nigeria]] | access-date=6 August 2014 | archive-date=29 July 2014 | archive-url=https://web.archive.org/web/20140729132101/http://www.cenbank.org/ | url-status=dead }}</ref> |inflation_source_date = 2014 |subunit_ratio_1 = 1/100 |subunit_name_1 = Kobo |symbol = ₦ |plural = Naira |plural_subunit_1 = Kobo |used_coins = 50 Kobo, 1 & 2 Naira |used_banknotes = 5, 10, 20, 50, 100, 200, 500 & 1000 Naira |issuing_authority = [[Central Bank of Nigeria]] |issuing_authority_website = {{URL|www.cenbank.org}} |printer = [[Nigerian Security Printing and Minting Company Limited]] |printer_website = {{URL|www.mintnigeria.com}} |mint = [[Nigerian Security Printing and Minting Company Limited]] |mint_website = {{URL|www.mintnigeria.com}} }} The '''naira''' (sign: '''₦''') is the official [[currency]] of [[Nigeria]]. 100 ''Kobo'' makes one naira. The [[Central Bank of Nigeria]] (CBN) issues money throughout the Nigerian Federation. It helps in the smooth control of the amount of money supplied in the economy in order to ensure the economy and prices are stable. The Currency & Branch Operations Department of the CBN is in charge of currency management. They get the naira notes and coins from its special printers. Then they distribute/supply, process, and reissue it. They also receive and destroy old and unusable bank notes and coins. ''' It was announced by the [https://avahills.blogspot.com/2022/12/nigerias-currency-gets-new-look.html CBN(central bank of Nigeria)]announced that on the fifteenth of December 2022 Nigeria's currency is going to have a new look , it was also announced that by January 2023 everyone in Nigeria is going to use the new currency. The news was later chan