New naira note unveiling

You're referring to the unveiling of the new naira notes in Nigeria!

On November 23, 2022, the Central Bank of Nigeria (CBN) unveiled the redesigned N200, N500, and N1,000 banknotes as part of its efforts to combat counterfeiting and improve the overall efficiency of the country's payment system.

Here are some key features of the new naira notes:

  1. Security Features: The new notes have enhanced security features, including:
    • Watermark: A transparent image of the Nigerian coat of arms or the portrait of a notable Nigerian.
    • Security Thread: A thin strip that runs through the paper to prevent counterfeiting.
    • Raised Printing: Tactile features that can be felt by the fingertips.
    • Color-Shifting Ink: The colors on the notes change when viewed from different angles.
    • Micro-Printing: Tiny text that can only be seen under magnification.
  2. Design: The new notes feature a more modern and sleek design, with a focus on Nigerian culture and heritage.
    • The N200 note features a portrait of Dr. Nnamdi Azikiwe, a Nigerian statesman and politician.
    • The N500 note features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu, a Nigerian politician and military leader.
    • The N1,000 note features a portrait of Alhaji Maimuna Shagari, the wife of former President Shehu Shagari.
  3. Other Features: The new notes also have other features, such as:
    • A unique serial number on each note.
    • A 3D security ribbon that can be seen when the note is tilted.
    • A see-through window that allows you to see the watermark.

The CBN has announced that the old N200, N500, and N1,000 notes will be phased out and replaced with the new designs. The exact timeline for the phase-out is not yet clear, but it's expected to be a gradual process.

What do you think about the new naira notes? Excited to get your hands on them?