• 1 Naira 1991-1993, KM# 14, Nigeria
  • 1 Naira 1991-1993, KM# 14, Nigeria
Description

The name naira is simply a contraction of "Nigeria", while the subdivision, kobo, is named by a derivation of the English "copper."

Obverse

The coat of arms of Nigeria has a black shield with two white lines that form in a "Y" shape. The black shield represents Nigeria's fertile soil, while the two horses or chargers on each side represent dignity. The eagle represents strength, while the green and white bands on the top of the shield represent the rich soil.

The red flowers at the base are Costus spectabilis, Nigeria's national flower. This flower was chosen for inclusion in the coat of arms as it is found all over Nigeria and also stand for the beauty of the nation. The white wavy pall represents the Niger and the Benue. On the banderole around the base is Nigeria's national motto since 1978.

FEDERAL REPUBLIC OF NIGERIA
UNITY AND FAITH PEACE AND PROGRESS
1991

Reverse

Herbert Macaulay head 1/4 right.

Olayinka Herbert Samuel Heelas Badmus Macaulay (1864– 1946) was a Nigerian nationalist, politician, surveyor, engineer, architect, journalist, and musician and is considered by many Nigerians as the founder of Nigerian nationalism.

ONE NAIRA
HERBERT MACAULAY
1864 ₦1 1946

Edge

CENTRAL BANK OF NIGERIA

1 Naira

KM# 14 Schön# 50
Characteristics
Material Nickel Plated Steel
Weight 12.1 g
Diameter 27.5 mm
Thickness 3 mm
Shape round
Alignment Medal
Alt # KM# 9.1

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