Nigerian five-hundred-naira note
| Country | Nigeria |
|---|---|
| Value | 500 naira |
| Width | 151 mm |
| Height | 78 mm |
| Years of printing | 2001-2022 (first issue) 2022-present(second issue) |
| Obverse | |
| Design | Nnamdi Azikiwe |
| Reverse | |
| Design | Off-shore oil rig |
The five hundred naira Nigerian note is a denomination of Nigerian currency. It was introduced in April 2001, and it was the highest currency in Nigeria when it was introduced until the 1000 naira was introduced.[1]
The obverse of the note features a portrait of Nnamdi Azikiwe. The reverse features an off-shore oil rig and the Coat of arms of Nigeria.[1]
The original 2001 series of the ₦500 note was scheduled to cease being legal tender on 10 February 2023 as part of the Central Bank of Nigeria's currency redesign programme and was replaced by a redesigned predominantly green version introduced in December 2022. Following a Supreme Court ruling, both the old and redesigned ₦500 notes continued to circulate as legal tender.[2][3]
Security features of the ₦500 banknote include a portrait watermark, a windowed security thread, colour-changing ink, latent images visible when the note is tilted, and raised intaglio printing.[4][5]
References
- 1 2 "Currency Gallery: N500 Naira Note". Central Bank of Nigeria. Retrieved 18 April 2021.
- ↑ "CBN redesigns, launches new N200, N500 and N1,000 banknotes" (PDF). Central Bank of Nigeria. 26 October 2022. Retrieved 18 May 2026.
- ↑ "Old N200, N500, and N1,000 banknotes remain legal tender" (PDF). Central Bank of Nigeria. 13 March 2023. Retrieved 18 May 2026.
- ↑ "Security Features". Central Bank of Nigeria. Retrieved 18 May 2026.
- ↑ "₦500". Central Bank of Nigeria. Retrieved 18 May 2026.