Nigerian pound

E888970

The Nigerian pound was the former official currency of Nigeria used before the country adopted the naira in the early 1970s.

All labels observed (1)

Label Occurrences
Nigerian pound canonical 2

How this entity was disambiguated

Statements (38)

Predicate Object
instanceOf former currency
country Nigeria
currencyOf Federal Republic of Nigeria NERFINISHED
currencyTransition changed to naira in 1973
dateOfAbolition 1973
dateOfIntroduction 1958
decimalizationStatus non-decimal currency
denominationType banknotes
coins
exchangeRateToNaira 1 penny = 2 kobo
1 pound = 2 naira
1 shilling = 10 kobo
exchangeSystem pounds shillings pence
historicalPeriod post-colonial Nigeria
historicalUse pre-naira era in Nigeria
introducedBy Central Bank of Nigeria NERFINISHED
ISO4217Code NGP
legalTenderStatus no longer legal tender
monetaryAuthority Central Bank of Nigeria NERFINISHED
monetarySystem £sd
officialCurrencyOf Nigeria NERFINISHED
precededBy British West African pound NERFINISHED
region West Africa
replaced British West African pound NERFINISHED
replacedBy Nigerian naira NERFINISHED
status demonetized
subunit penny
shilling
subunitToPound 20 shillings = 1 pound
subunitToShilling 12 pence = 1 shilling
successorCurrency Nigerian naira NERFINISHED
symbol £
usedBefore Nigerian naira NERFINISHED
usedFor domestic transactions in Nigeria
government accounting in Nigeria
usedIn Nigeria NERFINISHED
usedUntil 1973
early 1970s

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

First Republic of Nigeria currency Nigerian pound
British West African pound replacedBy Nigerian pound