NIGERIAN CURRENCY SYSTEM, 1914-2014: A CENTURY OF TRANSFORMATION

In 1914, the Protectorate of Northern Nigeria and Colony southern were merged by Sir Fredrick Lugard. The new territory became known as Nigeria. Lugard its first Governor General ruled between 1914 1919. Before then, Southern which was a British in coastal areas modern-day formed 1900, added to Lagos 1906, officially renamed From that time till date, country has been experiencing transformations currency system. This paper sets offer historical overview transformation Nigeria’s system over period one hundred years, from 2014. demonstrates how Nigerian evolved course years cash-based type an increasingly cashless type. It concluded that, although it is replete with challenges, ongoing policy come stay. based on qualitative method data collection evaluation. Both primary secondary sources have consulted utilised writing paper.