Nigeria adopted the 'naira' as their new currency in 1973. There are 100 kobo to the naira, making this first coin of the new currency a very small denomination. It was minted one year only in 1973, and with over 166 million issued it was clearly intended for circulation at the time.
The obverse of all of Nigeria's modern coins (1973-date) feature the coat of arms. The two horses represent dignity and the eagle represents strength.
All coin images in Daniel's Coin Zoo are from my personal collection. I collect, research, and personally photograph every coin displayed on this site. PLEASE do not take my images without permission. If you would like to use any coin image you see, just ask me. Thank you.