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The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000.

Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination. The bills are also commonly referred to as 20 faiba, indicating that it is ₦10 in 20 places or notes. The ₦200 banknotes are protected by a number of security features for easy recognition of original bills. The unique features which can be recognized by touch and visibility are the raised print, the security thread, and the watermark. The portrait, lettering, and denominational numerals on the obverse and reverse of the notes are embossed. The raised prints provide tactility, while the security thread (that looks broken but in fact, is not broken) when held up against light, has "CBN" in small lettering printed on both sides of the notes. The ₦200 notes are also protected against photocopying. There are features that are visible under ultraviolet light (for example, the serial number on each banknote is black but turns green under UV light). The printing process and the materials used give the banknotes unique features necessary for a long lifespan in circulation.

Redesign
On the 23rd of October 2022, the governor of the Central Bank of Nigeria, Godwin Emefiele announced that the ₦200, ₦500, and ₦1000 notes would be redesigned to reduce counterfeiting and corruption. The new notes were unveiled on the 23rd of November 2022. No changes were made on the existing features, only the overall color of the note was changed.