1 Naira 2006 front 1 Naira 2006 back
1 Naira 2006 photo
© Dario Silva Collection (CC BY-NC)

1 Naira

2006 year
Bimetallic: brass centre in stainless steel ring (Centre: Brass Plated Steel) 5.43 g 21.5 mm
Description
Issuer
Nigeria
Period
Federal Republic (1963-date)
Type
Circulating commemorative coin
Year
2006
Value
1 Naira 1 NGN = USD 0.00061
Currency
Naira (1973-date)
Composition
Bimetallic: brass centre in stainless steel ring (Centre: Brass Plated Steel)
Weight
5.43 g
Diameter
21.5 mm
Thickness
2.08 mm
Shape
Round
Technique
Milled
Orientation
Medal alignment ↑↑
Updated
2024-10-06
References
Numista
N#5142
Rarity index
10%

Reverse

Bust of Olayinka Herbert Samuel Heelas Badmus Macaulay over denomination. His lifeyears from left and right of denomination.

Script: Latin

Lettering:
ONE NAIRA
1864 1946
HERBERT MACAULAY

Edge

Plain

Comment

Olayinka Herbert Samuel Heelas Badmus Macaulay (1864 - 1946) was a Nigerian politician and was considered the founder of Nigerian Nationalism. In 1923, he founded the Nigerian Democratic Party and declared Nigeria to be one nation.

Due to chronic inflation, these coins fell out of use by the mid-2010s. Due to a paper currency shortage in 2023, these coins were distributed in bags of ₦2,000 to bank customers instead of banknotes.


Filled digits error: