~ NIGERIA 1991 1 KOBO COIN ~ AU ~ KM#8.a ~ Africa ~
Obverse: * 1991 * FEDERAL REPUBLIC OF NIGERIA - Coat of Arms (2 Stallions and an Eagle).
Reverse: 1 KOBO - Picture of 2 Oil Rigs.
Composition: Copper Plated Steel
Measures: 17mm in diameter
Condition: Very Bright and Shiny.
The Federal Republic of Nigeria is located in West Africa and is the most populous country on the African continent.
Nigeria is bordered by, the Republic of Benin to the west, Chad and Cameroon to the east, Niger to the north, and the Gulf of Guinea to the south.
Nigeria's domestic currency is the Naira. The naira was introduced in 1973, replacing the pound at a rate of 2 naira = 1 pound. It is divided into 100 Kobo.
Oil is the most important commodity in Nigeria, and the main source of foreign exchange. It is the 12th largest producer of petroleum in the world and the 8th largest exporter.
Nigeria also has one of the world's largest natural gas and petroleum reserves, and is a founding member of OPEC.
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