Catalog
1 Kobo
| Issuer | Central Bank of Nigeria |
|---|---|
| Year | 1991 |
| Type | Log in to see details |
| Value | 1 Kobo (0.01 NGN) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | FEDERAL REPUBLIC OF NIGERIA UNITY AND FAITH, PEACE AND PROGRESS 1991 |
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| Additional information |
The KM#8.2a designation marks the copper-plated steel transition from the earlier bronze composition — a cost-driven retooling that coincided with Nigeria's broader economic turbulence as oil revenues collapsed following the late-1980s price crash. By 1991, the kobo's purchasing power had eroded so severely that 1-kobo coins were functionally worthless in daily commerce, meaning most examples were simply never spent.