Nigeria's pre-independence coinage was struck before the country formally left British administration in October 1960, meaning these shillings circulated under two different political realities within a single issue series. The Central Bank of Nigeria was itself only established in 1958, and this coin entered production almost immediately — one of the first acts of a brand-new institution building monetary infrastructure from scratch.
Nigeria's pre-independence coinage was struck before the country formally left British administration in October 1960, meaning these shillings circulated under two different political realities within a single issue series. The Central Bank of Nigeria was itself only established in 1958, and this coin entered production almost immediately — one of the first acts of a brand-new institution building monetary infrastructure from scratch.