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The Nigeria 500 Naira banknote was released by the Central Bank of Nigeria in 2020. This new paper bill comes with orange, red, and purple combinations and has dimensions of 151 x 78 mm. Depicted on its obverse design is Dr. Nnamdi Azikiwe who served as the first President of the Federal Republic of Nigeria. The back of the note features an offshore oil platform at the center and the countrys arms on the lower center. The banknote bears a windowed security thread with a demetalized CBN and a watermark that reflects Dr. Nnamdi Aziwike and an electrotype 500 CBN. This Nigerian 500 Naira banknote is in uncirculated condition.