2 Naira

Nigeria redenominated and reformed its coinage in the early 2000s under pressure to reduce transaction costs and replace the paper 2 Naira note, which had become impractical due to years of inflation eroding its purchasing power. The bimetallic format was adopted partly to discourage counterfeiting at a denomination now worth using for everyday transactions again.

Dies for the series were produced abroad — Nigeria has historically relied on the Royal Mint and other external facilities for coinage production rather than domestic striking.