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5 Naira

Issuer Central Bank of Nigeria
Year 2006-2008
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Size 130 × 72 mm
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Reverse lettering CENTRAL BANK OF NIGERIA FIVE NAIRA Naira Biyar Náírà Márun-ún Naira Ise
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Protection description the Central Bank of Nigeria logo with electrotype initials; embedded security thread visible when held to light
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Comments

Nigeria's lower denominations were converted to polymer beginning in 2007, but the 5 Naira note was deliberately retained in paper through this transitional period — a cost decision, given the denomination's low purchasing power and high replacement rate. The Central Bank ultimately discontinued the paper 5 Naira entirely in favor of a coin in 2007, making notes from this final print run short-lived survivors of an abrupt policy shift.

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