The naira is the
currency of
Nigeria. The
ISO currency code is NGN. It is subdivided into 100 kobo. The symbol for the naira is ₦, which is included in
Unicode at code point U+20A6.The
Central Bank of Nigeria (CBN) is the sole issuer of
legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.
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