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

As the naira plunged and pump prices increased several times, the government, aware of the potential danger of protests, continued to pipette some medicine to the masses.

From BBC

Meanwhile the naira, Nigeria’s currency, has depreciated by more than 400% against the US dollar, further worsening the economic hardships.

From BBC

The sharp fall in the value of the naira has significantly affected Mr Dangote, whose wealth is largely tied to assets denominated in the local currency.

From BBC

The move was designed to encourage foreign investment, but it caused the naira to plunge in value by around 70%, contributing to inflation.

From BBC

Nigerians have been hit by a double whammy of the removal of a fuel subsidy and a collapse in the value of the naira since President Bola Tinubu took office a year ago.

From BBC