nai·​ra | \ ˈnī-rə How to pronounce naira (audio) \
plural nairas or naira

Definition of naira

the basic monetary unit of Nigeria — see Money Table

Examples of naira in a Sentence

Recent Examples on the Web The company takes 20% of each customer’s payment, with the cheapest services starting at 4,000 naira ($10) for a bedroom. Alexander Onukwue, Quartz, 24 June 2022 Nigeria’s ever-weakening naira against the dollar also makes imports increasingly expensive. Alexander Onukwue, Quartz, 9 May 2022 One dollar has grown from 155.7 naira in June 2011 to N404 this June—and those are the official inter-bank rates. Alexander Onukwue, Quartz, 24 Aug. 2021 Shell Nigeria spokesman Odugbesan denied that Shell is untouchable in Nigeria and stated that the company paid out around 50 billion naira in 2021 (around $111 million as of last year) after being sued by another community. Krystina Shveda, CNN, 25 May 2022 The Anambra state governor has put up a 10 million naira ($24,000) reward for information on the killers. Reuters, CNN, 23 May 2022 The launch of the e-naira in Nigeria does not come as a surprise to some observers. Kingsley Kobo, Quartz, 30 Dec. 2021 The stock traded around 10 naira per share in Lagos on Wednesday to give the lender a valuation of about 355 billion naira ($850 million). Emele Onu,, 30 Mar. 2022 From a January average of 288 naira ($.70) per liter, diesel now sells for over N700 ($1.69) per liter in Nigeria. Alexander Onukwue, Quartz, 16 Mar. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'naira.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of naira

1972, in the meaning defined above

History and Etymology for naira

alteration of Nigeria

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Last Updated

28 Jul 2022

Cite this Entry

“Naira.” Dictionary, Merriam-Webster, Accessed 9 Aug. 2022.

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