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Nigerian One-hundred-naira Note
The Nigerian one hundred-naira bill (₦100) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in December 1999 and the Centenary version was launched in 2014. Obafemi Awolowo, a nationalist and statesman who played a key role in Nigeria's independence movement, has been featured on the obverse of the bill since 1999. An image of Zuma Rock in Niger State Niger is a state in the North Central region of Nigeria and the largest state in the country. Niger state has three political zones, zone A,B and C. The state's capital is at Minna. Other major cities are Bida, Kontagora and Suleja. It was fo ...once appeared on the reverse of the banknote, but was replaced by a group of traditionally dressed people in the Centenary note issued on the 19th December 2014. The bills are also commonly referred to as "10 faiba," "Awo," in reference to the use of Awolowo's portrait on the denomination. References {{Nigerian currency and coinage One- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Naira
The naira (currency sign, sign: ₦; ISO 4217, code: NGN) is the currency of Nigeria. One naira is divided into 100 ''kobo''. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins. History The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2 naira. The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the Colonial Nigeria, colonial government of the Federation of Nigeria in 1959, with the name of Elizabeth II, Queen Elizabeth II on the obverse. This also made ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Security Thread
A security thread is a security feature of many banknotes to protect against counterfeiting, consisting of a thin ribbon that is threaded through the note's paper. Usually, the ribbon runs vertically, and is "woven" into the paper, so that it at some places emerges on the front side and at the remaining places at the rear side of the paper. Usually, it is made of metal foil, but sometimes of plastic. Often, it has some text or numbers (e.g., the denomination) engraved. Threads are embedded within the paper fiber and can be completely invisible or have a star burst effect, where the thread appears to weave in and out of the paper when viewed from one side. However, when held up to the light, the thread will always appear as a solid line. Features can be built into the thread material e.g., microprinting on a transparent plastic thread or adding materials so they fluoresce under ultraviolet light. The thread is a difficult feature to counterfeit but some counterfeiters have been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watermark
A watermark is an identifying image or pattern in paper that appears as various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected light, atop a dark background), caused by thickness or density variations in the paper. Watermarks have been used on postage stamps, currency, and other government documents to discourage counterfeiting. There are two main ways of producing watermarks in paper; the ''dandy roll process'', and the more complex ''cylinder mould process''. Watermarks vary greatly in their visibility; while some are obvious on casual inspection, others require some study to pick out. Various aids have been developed, such as ''watermark fluid'' that wets the paper without damaging it. A watermark is very useful in the examination of paper because it can be used for dating documents and artworks, identifying sizes, mill trademarks and locations, and determining the quality of a sheet of paper. The word is also used for digital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Color Shifting Ink
Optically variable ink (OVI) also called color shifting ink is an anti-counterfeiting measure used on many major modern banknotes, as well as on other official documents ( professional licenses, for example). The ink displays two distinct colors depending on the angle the bill is viewed at. The United States fifty-dollar bill, for example, uses color shifting ink for the numeral 50 so that it displays copper at one angle and bright green in another. OVI is particularly useful as an anti-counterfeiting measure as it is not widely available, and it is used on security printing. One major manufacturer is a Swiss company called SICPA (Société Industrielle et Commerciale de Produits pour l'Agriculture). Additional suppliers include German company Gleitsmann Security Inks, Sun Chemical (through their Brand Protection Division based in Manchester, UK), and the Swiss company Printcolor AG, located in Berikon, Switzerland. Color-shifting inks reflect various wavelengths in white li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obafemi Awolowo
Chief Obafemi Jeremiah Oyeniyi Awolowo (; 6 March 1909 – 9 May 1987) was a Yoruba nationalist and Nigerian statesman who played a key role in Nigeria's independence movement (1957-1960). Awolowo founded the Yoruba nationalist group Egbe Omo Oduduwa, and was the first Leader of Government Business and Minister of Local Government and Finance, and first Premier of the Western Region under Nigeria's parliamentary system, from 1952 to 1959. He was the official Leader of the Opposition in the federal parliament to the Balewa government from 1959 to 1963. As a young man he was an active journalist, editing publications such as the Nigerian worker, on top of others as well. After receiving his bachelors of commerce degree in Nigeria, he traveled to London to pursue his degree in law. Obafemi Awolowo was the first premier of the Western Region and later federal commissioner for finance, and vice chairman of the Federal Executive Council during the Nigerian Civil War. He was thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zuma Rock
Zuma Rock is a large natural monolith, or inselberg, an igneous intrusion composed of gabbro and granodiorite, in Niger State, Nigeria. It is located immediately west of Nigeria's capital Abuja, along the main road from Abuja to Kaduna off Madala, and is sometimes referred to as the "Gateway to Abuja from Suleja". Zuma Rock rises approx. above its surroundings. Zuma Rock is depicted on the 100 naira note. It was used for a defensive retreat by the Gbagyi people against invading neighbouring tribes during intertribal warring. Zuma Rock is very tall by the standards of Nigerian geography. It is over four times taller than NECOM house (Lagos' tallest skyscraper, as of 1979) and it is taller than Aso rock and Olumo rock Olumo Rock is a mountain in south-western Nigeria. It is located in the city of Abeokuta, Ogun State, and was normally used as a natural fortress during inter-tribal warfare in the 19th century. Its patron spirit is venerated in the Yoruba religion ... combined. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denomination (currency)
Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment such as gift cards. For example, ''five euros'' is the denomination of a five-euro note. Subunit and super unit In a currency, there is usually a main unit (base) and a subunit that is a fraction of the main unit. In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 kuruş = 4000 para = 12000 akçe. Today, only a few places have more than one subunit, notably the Jordanian dinar is divided into 10 dirham, 100 qirsh/piastres, or 1000 fils. Many countries where Western European languages are spoken currently have their main units divided into 100 subunits. Some currencies that previously had subunits no longer do, because inflation has rendered the subunit useless. A prominent example is the Japanese yen, which was formerly divided into 100 sen or 1000 rin. Both subunits were demone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obverse
Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. In numismatics, the abbreviation ''obv.'' is used for ''obverse'',David Sear. ''Greek Imperial Coins and Their Values.'' Spink Books, 1982. p. xxxv. while ℞, )(Jonathan Edwards. ''Catalogue of the Greek and Roman Coins in the Numismatic Collection of Yale College, Volume 2.'' Tuttle, Morehouse & Taylor, 1880. p. 228. and rev.Allen G. Berman. ''Warman's Coins And Paper Money: Identification and Price Guide.'' Penguin, 2008. are used for reverse. In fields of scholarship outside numismatics, the term ''front'' is more commo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niger State
Niger is a state in the North Central region of Nigeria and the largest state in the country. Niger state has three political zones, zone A,B and C. The state's capital is at Minna. Other major cities are Bida, Kontagora and Suleja. It was formed in 1976 when the then North-Western State was divided into Niger State and Sokoto State. It is home to Ibrahim Babangida and Abdulsalami Abubakar, two of Nigeria's former military rulers. The Nupe, Gbagyi, Kamuku, Kambari, Gungawa, Hun-Saare, Hausa and Koro form the majority of numerous indigenous tribes of Niger State. The state is named after the River Niger. Two of Nigeria's major hydroelectric power stations, the Kainji Dam and Shiroro Dam, are located in Niger State, along with the new Zungeru Dam. The Jebba Dam straddles the border of Niger state and Kwara state. The famous Gurara Falls is in Niger State, and Gurara Local Government Area is named after the Gurara River, on whose course the fall is situated. Also situated t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
