List eight importance of Nigeria currencies
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Explanation:
On 1st July, 1959 the Central Bank of Nigeria (CBN) issued Nigerian currency banknotes, while the WACB-issued banknotes and coins were withdrawn. It was not until 1st July, 1962 that the currency was changed to reflect the country's republican status.
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Naira is an essential symbol of nationalism and nation's pride. Nigeria was recently ranked the second-best economy in Africa due to its monetary system. Although in recent times, as a result of the scarcity of foreign exchange, naira has thunder-bolted and the monotonous economy we run now is based on fuel.
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