100 Naira Nigeria's 100 Years of Existence

Issued to mark the centenary of the amalgamation of Northern and Southern Nigeria by the British colonial administration in 1914, this commemorative note entered circulation in January 2014 alongside a polymer version of the same denomination. The paper issue was the less prominent of the two, the polymer variant receiving the bulk of public attention despite both sharing the same commemorative mandate.

A print run of just over 12 million is modest by Nigerian standards, where circulating note volumes routinely run into the hundreds of millions. Whether that restraint was deliberate — positioning the paper note as a collector item — or simply a function of the parallel polymer issue absorbing demand, the Central Bank never formally stated.