President to unveil the new N100 bank note

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President Goodluck Jonathan will unveil the specially designed commemorative 100 Naira banknote by the Central Bank of Nigeria (CBN) on Wednesday, November 5.
A statement on Monday by the CBN’s Director, Corporate Communications Department, Ibarahim Mu’azu, said 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 and is consistent with best global practices for Central Banks around the world during the celebration of national events,” the
statement read. Part of the features of the commemorative banknote is
the inscription of the theme of the centenary celebration:
“One Nigeria, Great Promise” as a micro-text. According to the statement, 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.
The 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.

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