Bank.notes

Collection Nigeria #424

More ▾

1 Naira NGN

Nigeria 1990_present VF P-P-20 Needs review ✦ AI 85%
mismatched_pair
Front · IMG_7038.HEIC cropped
Back · IMG_7039.HEIC cropped
Pair check: not yet checked
Identity

Where & when

Country Nigeria
Currency NGN
Denomination 1 Naira
Series name Second series
Series year
Issue year
Era 1990_present
Legal status withdrawn
Subjects & design

What's on the note

Front portrait
Reverse subject General Murtala Ramat Mohammed
Watermark Coat of arms of Nigeria in clear field at right
Color palette #8b4545,#f5deb3,#2f4f2f
Themes military,statesman,indigenous_culture
Language / script Latin, Arabic

Front: Traditional Nigerian village scene depicting two figures carrying loads on their heads in front of thatched-roof huts, representing daily life and agricultural activities in rural Nigeria. This design emphasizes the cultural heritage and traditional lifestyle of Nigerian communities. The circular watermark area at left shows the national coat of arms featuring the black shield with wavy white bands representing the Niger and Benue rivers, supported by two horses, with the eagle of strength above. The denomination 'ONE NAIRA' appears at bottom, with decorative guilloche patterns throughout.

Back: General Murtala Ramat Mohammed (1938–1976), Nigerian military officer who served as Head of State from July 1975 until his assassination in February 1976. During his brief tenure, Mohammed initiated major reforms including the purging of corrupt officials, the relocation of the federal capital to Abuja, and the creation of new states. He is remembered as one of Nigeria's most decisive and reform-minded leaders. His portrait appears at left, with Arabic script (عشرون نيرا) meaning 'Twenty Naira' visible in decorative panel at center-right. The serial number B/28 861858 appears at top right.

Production

How it was made

Issuer Central Bank of Nigeria
Issuer (native)
Printer Nigerian Security Printing and Minting Company
Engraver
Material paper
Dimensions (mm) 151x78

Signatures: Governor: Abdulkadir Ahmed; Director of Currency Operations: [signature present]

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 1 Naira note belongs to the second series of Nigerian banknotes issued by the Central Bank of Nigeria, introduced in 1984 following the military government's currency reforms. The series maintained the Naira and Kobo denominations established in 1973 when Nigeria decimalized its currency. The front depicts traditional Nigerian village life, emphasizing the nation's cultural roots and agricultural heritage. The back features General Murtala Mohammed, whose short-lived but impactful administration (July 1975 – February 1976) is widely regarded as a transformative period in Nigerian history. Mohammed's portrait was added to Nigerian currency to honor his legacy of anti-corruption measures and national development initiatives. This note was officially withdrawn from circulation in 2007 when polymer notes were introduced for lower denominations, though it remained legal tender for exchange. The serial format with prefix B/28 indicates this is from a later print run within the series. No known public serial-year encoding identified for this issuer.

Catalogue

Collector references

Pick # P-20
Krause ID
Rarity tier common
Series range 1984-present
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade VF
Serial number B/28 861858
Serial prefix B/28

Note shows moderate circulation with some soiling, surface wear, and light staining. Colors remain relatively vibrant. No tears visible but corners show minor rounding.

Valuation

What it's worth now

$2–$8
Type default range $2–$8
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 06:50:09 2.0 8.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (2)
anthropic · claude-opus-4-5 2026-05-10 06:50:09
status: ok · step 2 · $0.1911 · 7389↓ + 1070↑ tokens
anthropic · claude-sonnet-4-5 2026-05-10 06:50:09
status: ok · step 1 · $0.0419 · 7389↓ + 1315↑ tokens
Edits & decisions (0)

No edits yet.

Power tools

Manual fixups

Find near-duplicates
Look for visually-similar images in your collection.
Manual pairing override