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Nigerian Two-hundred-naira Note
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination. The bills are also commonly referred to as ''20 faiba'', indicating that it is ₦10 in 20 places. Redesign On the 23rd of October 2022, the governor of the Central Bank of Nigeria, Godwin Emefiele Godwin Emefiele is a Nigerian banker who has been serving as the Governor of the Central Bank of Nigeria since 4 June 2014. Born on 4 August 1961 in Lagos State, Nigeria, Emefiele is originally from Ika South, Agbor region of Delta State. Educat ... announced that the ₦200, ₦500, and ₦1000 notes would be redesigned to reduce counterfeiting and corruption. The new notes were un ... [...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] |
Ahmadu Bello
Ahmadu Ibrahim Bello, Sardauna of Sokoto (12 June 1910–15 January 1966), knighted as Sir Ahmadu Bello, was a conservative Nigerian statesman who masterminded Northern Nigeria through the independence of Nigeria in 1960 and served as its first and only premier from 1954 until his assassination in 1966, in which capacity he dominated national affairs for over a decade. He was also the leader of the Northern People's Congress, the ruling party at the time consisting of the Hausa–Fulani elite. He had previously been elected into the regional legislature and later became a government minister. A member of the Sokoto Caliphate dynasty, he made attempts at becoming Sultan of Sokoto before later joining politics. Early years Bello was born in Rabah c. 1910 to the family of Mallam Ibrahim Bello. His father held the title of Sarkin Rabah. He is a descendant of Uthman dan Fodio founder of the Sokoto Caliphate, a great-grandson of Sultan Muhammad Bello and a grandson of Sultan Atiku n ... [...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] |
Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters. After the end of imperial rule the desire of the government to become pro-active in the development of the economy became visible especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Godwin Emefiele
Godwin Emefiele is a Nigerian banker who has been serving as the Governor of the Central Bank of Nigeria since 4 June 2014. Born on 4 August 1961 in Lagos State, Nigeria, Emefiele is originally from Ika South, Agbor region of Delta State. Education Emefiele attended Ansar Udin Primary School and Maryland Comprehensive Secondary both in Lagos, before proceeding to the prestigious University of Nigeria Nsukka (UNN) for his tertiary education. He obtained a Bachelor’s Degree in Banking and Finance, finishing as one of the top students in his class, in 1984. Soon after his National Youth Service, Godwin Emefiele returned to UNN for a Masters Degree in Finance, which he obtained in 1986. He is also an alumnus of Executive Education at Stanford University, Harvard University (2004) and Wharton School of Business (2005). The Central Bank Governor, Mr Godwin Emefiele was conferred with an Honorary Doctorate Degree in Business Administration by the University of Nigeria Nsukka (UNN). Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
