naira

[ nahy-ruh ]

noun

1. a paper money and monetary unit of Nigeria, equal to 100 kobo: replaced the pound in 1973.

naira

/ ˈnaɪrə /

noun

1. the standard monetary unit of Nigeria, divided into 100 kobo

Word History and Origins

Origin of naira¹

C20: altered from Nigeria

Example Sentences

In other words, the naira has become weaker and more Nigerians use crypto now than before the ban.

From Quartz

I don’t know if the naira is going to meet up to the dollar anytime soon.

From Quartz

Emefiele has enforced strict currency controls and a multiple exchange rate system aimed at stopping the slide of Nigeria’s currency, the naira.

From Ozy

Nowhere is this clearer than in Nigeria, where the central bank is so worried about Nigerians choosing cryptocurrencies over the naira for overseas remittance payments that it is now paying them to use official channels for those transfers instead.

From Quartz