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1 Pound 1967, Nigeria

in Krause book Number: 8
Years of issue: 1967
Edition:
Signatures: Governor: Alhaji Aliyu Mai-Bornu (Served From: 25/7/1963 - Retired 22/6/1967), Director: Mr.Mallam Yakubu Wanka (7/1/1958 - 6/30/1970), Director: Mr. E. A. Iyanda ( 7/1/1963 - 6/30/1966), Director: Mr. J. A. Obahor (7/1/1958 - 6/6/1970)
Serie: Second Series
Specimen of: 1965
Material: Cotton fiber
Size (mm): 150 х 83
Printer: TDLR (Thomas de la Rue & Company), London

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

1 Pound 1967

Description

Watermark:

watermark

Head of lion.

Avers:

1 Pound 1967

Bank of Nigeria

The building of Bank of Nigeria in Lagos is on left side.

The building was built in the second half of the 1950s, it is embodied on the banknote as it looked just after construction.

achievement

On the right side is the Achievement of Nigeria.

An achievement for Nigeria was granted by Queen Elizabeth by Royal Warrant of 20 May 1960, four months before Independence. It is:

Arms: Sable, a pall wavy Argent.

Crest: On a wreath Argent and Vert, an eagle rising Gules

Supporters: Two horses Argent.

Motto: UNITY AND FAITH.

Compartment: A grassy ground strewn with Cocti Spectabilis all proper.

The pall wavy symbolizes the confluence of the rivers Benue and Niger, dividing the country in the Northern, Western and Eastern Regions. The wreath is in the colors of the flag and the red eagle is a symbol of power and resoluteness. The two horses symbolize the dignity of the people. They are standing on a grassy ground strewn with the national flower, symbolizing the territory of Nigeria.

According to the Constitution of the Federal Republic of Nigeria, 1979, Chapter II, 15 - 1 “The motto of the Federal Republic of Nigeria shall be Unity and Faith, Peace and Progress”.

Denominations in numerals are in all corners. In words in lower right corner.

Revers:

1 Pound 1967

E. guineensis fo. dura E. guineensis fo. dura

Man knocks fruits E. guineensis fo. dura off the branch of African oil Palm. On background and behind the man are African oil Palms (Elaeis guineensis).

Unlike other relatives, oil palms do not produce offshoots; propagation is by sowing the seeds.

Several varieties and forms of Elaeis guineensis have been selected that have different characteristics. These include:

E. guineensis fo. dura - fruit with thick (up to 8 mm.) shell of the nucleus. Pericarp thin layer of pulp is 30-45% of the fruit mass, kernel - 10-15%. This type includes the majority of both wild and cultural palms in West Africa.

E. guineensis var. pisifera - in the fruits of this type of missing endocarp, and often the seed. Fruits are small (up to 5 g.) and weight of the brush less than the above-mentioned types, so for commercial cultivation of this type is of little interest, however, is used in the selection.

E, guineensis fo. tenera - with a thin shell and a well developed pericarp pulp (80% by weight of fruit). Exiting the fruit oils of this type is much higher.

oil palms in Nigeria

African oil Palms in Nigeria.

Elaeis guineensis is a species of palm commonly called African oil palm or macaw-fat. It is the principal source of palm oil. It is native to west and southwest Africa, specifically the area between Angola and the Gambia; the species name guineensis refers to the name for the area, Guinea, and not the modern country which now bears that name. The species is also now naturalised in Madagascar, Sri Lanka, Malaysia, Sumatra, Central America, the West Indies and several islands in the Indian and Pacific Oceans. The closely related American oil palm Elaeis oleifera and a more distantly related palm, Attalea maripa, are also used to produce palm oil.

Human use of oil palms may date as far back as 5,000 years in West Africa; in the late 1800s, archaeologists discovered palm oil in a tomb at Abydos dating back to 3,000 BCE. It is thought that Arab traders brought the oil palm to Egypt.

It is hard to imagine the landscape of the Coastal Plain Nigeria without oil palm. This slender tree brings great benefit to man. All palm use - from the bottom to the top, but its most valuable fruit from which the oil palm. Oil palm is widespread in the forest zone and the north - the valleys of the Niger and Benue. But it is most favorable for the area to the east of the lower Niger, where oil palm forms a continuous belt. Near Sapele and Calabar are oil palm plantations belonging to the "United Africa Company." Most of the oil obtained from the fruit of wild trees. Fruiting palm with five-six years of age. It brings two harvests a year. fruit bunches weighing 10-20 kg. and consist of several hundred dark red fruits.

Denominations in numerals are in all corners. In words lower, centered.

Comments:

1958 1958

The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound (which was at parity with the British pound with easy convertibility) was replaced with the introduction in 1973 of the decimal naira at a rate of 1 pound = 2 naira. This made Nigeria the last country to abandon the £sd currency system.

In 1918, emergency issues were made by the government in denominations of 1, 10 and 20 shillings. In 1959, the Central Bank of Nigeria introduced notes in denominations of 5 and 10 shillings, 1 and 5 pounds. Three series of notes were issued, in 1958, 1967 and 1968.