Nigeria gets new N100 Note on Wednesday [Centenary things ]

President Goodluck Jonathan will on Wednesday unveil the specially designed commemorative N100 banknote by the Central Bank of Nigeria.

The CBN disclosed this in a statement on Monday in Abuja.

The bank said the commemorative note was part of its contribution to the centenary celebration and was in line with its mandate of issuing legal tender currencies for the country.

The statement read in part, “The choice of the N100 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.

“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.

“While retaining the portrait of the late Chief Obafemi Awolowo on the front, the new note features Nigerian traditional dancers at the back. The commemorative note comes in different dominant colours.”

http://www.punchng.com/business/business-economy/nigeria-gets-n100-centenary-note-wednesday/

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The unveiling of the specially designed commemorative N100 banknote by the Central Bank of Nigeria (CBN), which was to have been performed by the President at the Federal Executive Council (FEC) meeting on Wednesday, November 5, 2014, has been postponed.

The postponement arose as a result of the trip of the President,              Dr. Goodluck Ebele Jonathan, GCFR, to Ouagadougou, Burkina Faso, as part of a three-man delegation of Heads of State and Government raised by the Economic Community of West African States (ECOWAS) to mediate in the current political crisis in Burkina Faso.

A new date for the unveiling is expected to be announced soon ,Ibrahim Mu’azu, director, corporate communications department of CBN said in a statement

http://newsdiaryonline.com/cbn-postpones-unveiling-commemorative-n100-note/

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THE Central Bank of Nigeria (CBN) yesterday unveiled the first digital N100 paper note to commemorate Nigeria’s Centenary. Its governor, Mr. Godwin Emefiele, unveiled the new note during the weekly Federal Executive Council (FEC) meeting, which in his presentation showed enhanced security features.

The CBN boss during the presentation stated series of activities lined up for the eventual injection of the new note into circulation. The new note, which also has features for the visually impaired, is due to be officially issued into circulation on Friday December 19, 2014.

According to him, Wednesday, November 19 the notes are to be sent to banknote equipment manufacturers and other machine suppliers to enable them adapt to machines and authentication devices.

On the November 26, there will be a publication of the new N100 bank note to be sent by the CBN to commercial banks, chamber of commerce, Nigeria Police, cash in transit companies and others.

On Wednesday December 3, leaflets on the N100 bank note will be sent to 1, 000 Point of Sales (PoS) in the country, including a reminder about adapting machines and devices.  While on Wednesday December 17, a film showing how to check the new hundred naira bank note will go live on the CBN YouTube.

- Guardian

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