By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)- President Goodluck Jonathan  will on Wednesday November 06, 2014 unveil the specially designed commemorative N100 banknote by the Central Bank of Nigeria (CBN).

According to the CBN in a statement on Monday, the commemorative note is part of its contribution to the centenary celebration, which is in line with its mandate of issuing legal tender currency in Nigeria.

‘’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,’’ the statement said.

Nigeria’s Central Bank affirmed that 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.

It further affirmed that while retaining the portrait of the late Chief Obafemi Awolowo on the front, the new note features Nigerian traditional dancers at the back and comes in different dominant colours.

The CBN says 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 wishes to emphasize that the commemorative note is for the purpose of the centenary celebration and will circulate alongside the existing N100 note,’’ the statement added.

Godwin Emefiele, governor of the CBN will at the unveiling ceremony give a brief presentation detailing the aesthetic and security features of the note.

The CBN had issued a commemorative N50 polymer note to mark Nigeria’s 50th Independence Anniversary celebration in 2010.

While the N100 note bearing the portrait of Awolowo was first issued in December 1999.