The Nigerian Security Printing and Minting (NSPM) PLC is the only full-fledged security printing organization in the West-African region. It was established in 1963 by the Federal government of Nigeria in partnership with De-La-Rue of the U.K The company is wholly Managed and Operated by Nigerians.
The NSPM stands at the forefront of excellence in the secure printing and minting industry. With a rich history dating back to our establishment in 1963, we have consistently delivered trusted and innovative solutions in currency production, document security, and secure printing. Our commitment to precision, cutting-edge technology, and uncompromising quality has earned us a well-deserved reputation as a trusted partner for the Central Bank of Nigeria. NSPM is a symbol of trust, security, and expertise. We take pride in safeguarding the integrity of currencies and documents, contributing to economic stability, and building a better, more secure future for our nation and beyond.
The monumental year of 1973 witnessed Nigeria’s adoption of a truly national currency system, departing from the pounds and shillings of the imperial system inherited from British colonial administration. This shift ushered in the Naira (N) and kobo (k) denominations, with banknotes released in four denominations: 50 kobo, N1, N5, and N10.
Among these, the 50 kobo coin stands as the smallest coin by denomination, featuring the Nigerian Coat of Arms and the “50 kobo” value. The One Naira coin showcases the Nigerian Coat of Arms on the obverse, while the reverse bears the portrait of Nigerian political leader Herbert Macaulay and his years of life (1864-1946).
The years 1977 and 1991 witnessed the addition of N20 and N50 note denominations, respectively, responding to rapid economic growth brought about by the oil boom. Economic expansion prompted the introduction of higher denomination notes: 100 Naira (1999), 200 Naira (2000), 500 Naira (2001), and 1000 Naira (2005).
Remarkable milestones continued with the issuance of the N20 banknote in 1977, featuring the portrait of the late Head of State, General Murtala Ramat Muhammed. His leadership qualities and contributions to Nigeria’s evolution were commemorated through this currency.
The N500 banknote, introduced in April 2001, symbolized another stride in Nigeria’s financial landscape. Similarly, the N1000 banknote, launched in October 2005, displayed the faces of prominent figures in Nigeria’s financial history. These advancements demonstrated the nation’s commitment to economic growth and security.
In 2007, economic reforms prompted a redesign of several banknotes and coins, unveiling new designs while preserving the heritage of Nigeria’s currency journey.
OUR MISSION STATEMENT: To be passionate In Delighting Customers by Providing Innovative & Superior Security Solutions for the benefit of Stakeholders.
OUR VISION: “To be the leading Provider of Security Solutions.”
Corporate Quality Policy Statement
The Nigerian Security Printing and Minting Plc is Committed to be the African Foremost Printing Organization by providing innovative and Superior Security Print and Mint Products that meet Regulatory Requirements and are continually Improved to ensure that they meet and exceed Customer Expectations.
Corporate Quality Objectives
- To Provide The Best Quality Security Print And Mint Products At All Times.
- To Employ The Most Efficient Production Processes.
- To Continually Reduce Waste Generation.
- To Increase Market Share.
- To Increase Turnover And Profitability.
- To Increase Market Share.
- To Continually Reduce Equipment And Machine Breakdown.
- To Maintain Healthy Work Environment that Encourages Innovation And Creativity.
OUR VALUES AS A COMPANY
- Customer-Centric Culture: Customer Satisfaction is our core focus and as service providers, It is a must that each customer is guaranteed a positive experience.
- Integrity: We adhere to our Moral and Ethical principles ensuring that each staff is treated with equity. This is reflected in our work relationship with stakeholders.
- Teamwork: We work together as a team. Ensuring that our output meets, and exceeds the requirements of our valued customers.
- Innovation: We thrive towards seeking out new methods, products, services & strategies that would make us more efficient and competitive.
- Efficiency: We make the best use of human & material resources to boost efficiency, avoid waste & increase output.
- Sustainability: We must always think of a better tomorrow. Hence, we take strategic and futuristic approach in all our decision making. For us and for the environment
For more info visit www.mintnigeria.com
