100 Naira Centenary note
On Monday the CBN’s Director,
Corporate Communications Department, Ibarahim
Mu’azu, announced that by wednesday 5th of november a commemorative note will be released by the President Goodluck Jonathan.The commemorative note was part of
the apex bank’s contribution to the centenary
celebration, which is in line with its mandate of
issuing legal tender currency in Nigeria.
The choice of the 100 Naira denomination is to
mark the centenary celebration of Nigeria.
The major features of the commemorative
banknote is the inscription of the theme of the
centenary celebration: “One Nigeria, Great
Promise” as a micro-text.
The new note is also
designed to incorporate additional security
features for digital communication, protection
against counterfeiting, tolerance to the tropics
and ease of recognition of genuineness.
The Bank further emphasised that the
commemorative note was for the purpose of the
centenary celebration and would circulate alongside
the existing 100 Naira note.
Wednesday’s unveiling ceremony will be preceded by
a brief presentation by the CBN Governor, Mr
Godwin Emefiele, detailing the aesthetic and
security features of the note.
We note that CBN had in 2010, issued commemorative 50
Naira polymer note to mark Nigeria’s 50th
Independence Anniversary celebration.
The 100 Naira note bearing the portrait of Chief
Obafemi Awolowo was first issued in December
1999. The revised legal tender will maintain the original
portrait of Chief Obafemi Awolowo at the front,
while featuring Nigerian traditional dancers at the
back of the note.
I Hope this means more money in circulation.