Bank.notes

Collection Nigeria #422

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20 NGN

Nigeria 1946_1989 VF P-P-26 Needs review ✦ AI 88%
blurry
Front · IMG_7034.HEIC cropped
Back · IMG_7035.HEIC cropped
Pair check: not yet checked
Identity

Where & when

Country Nigeria
Currency NGN
Denomination 20
Series name Second Naira series
Series year
Issue year
Era 1946_1989
Legal status demonetized
Predecessor currency Nigerian Pound
Successor currency
Subjects & design

What's on the note

Front portrait Herbert Macaulay
Reverse subject Herbert Macaulay
Watermark Coat of arms visible in clear field at left on front
Color palette #2e5f5f,#d4a574,#8b4513
Themes statesman,indigenous_culture
Language / script Latin, Arabic

Front: Nigerian coat of arms at center right showing the eagle with two white horses as supporters and the motto 'UNITY AND FAITH' on a ribbon below. The coat of arms was adopted in 1960 at independence and represents the strength and unity of the Nigerian nation. The shield depicts the meeting of Nigeria's two main rivers, the Niger and Benue, forming a Y-shape.

Back: Herbert Macaulay (1864–1946), Nigerian nationalist, politician and engineer, known as the 'Father of Nigerian Nationalism'. He founded Nigeria's first political party, the Nigerian National Democratic Party (NNDP) in 1923, and was a leading advocate for Nigerian independence from British colonial rule. He worked tirelessly for self-governance and social reform until his death.

Production

How it was made

Issuer Central Bank of Nigeria
Issuer (native)
Printer
Engraver
Material paper
Dimensions (mm) 151x78

Signatures: Governor: signature visible; Director of Domestic Operations: signature visible

Security features: watermark,intaglio,microprint

Geography

Nigeria in Africa

Nigeria in Africa. Other countries on the same continent shown in muted grey.

The story

Background & history

This note belongs to the Second Naira series issued by the Central Bank of Nigeria from 1984 to 1991. The naira was introduced in 1973, replacing the Nigerian pound at 2 naira = 1 pound. This series was withdrawn and demonetized in 1991 as part of anti-corruption measures. Herbert Macaulay appears on both the front (in watermark area, implied by design convention) and back. The serial number format 'B/OO COO C 43 986886' follows the Central Bank of Nigeria's standard prefix/suffix system of the period, though no documented serial-year encoding is known for this issuer.

Catalogue

Collector references

Pick # P-26
Krause ID
Rarity tier common
Series range 1984–1991
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number B/OOCOO C 43 986886
Serial prefix B/OOCOO C

Moderate circulation wear visible, corners showing softening, paper retains reasonable integrity with some soiling

Valuation

What it's worth now

$5–$15
Type default range $5–$15
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 06:49:22 5.0 15.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (1)
anthropic · claude-sonnet-4-5 2026-05-10 06:49:22
status: ok · step 1 · $0.0392 · 7369↓ + 1140↑ tokens
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