naira

noun
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

As a petty trader earning a pittance from trading car engine oil at bustling Ajegunle market in Nigeria's economic capital, Lagos, Oluwaseyi does not earn enough to cover the annual 18,000 naira (around $50) school fees. Valentine Iwenwanne And Aisha Salaudeen, CNN, "The school where parents pay tuition fees with plastic bottles," 27 June 2019 The central bank has done its bit by doling out some 55bn naira ($153m) in loans to 250,000 farmers (most of whom grow rice). The Economist, "Nigeria hopes high tariffs will make it grow more rice," 15 Mar. 2018 But telecom operators in the country have to navigate shifting regulations, wild swings in the naira and frequent power cuts. Alexandra Wexler, WSJ, "Shares in MTN Sink After Nigeria Demands Telecom Giant Return $8 Billion," 30 Aug. 2018 In Nigeria, brews with returnable bottles like Satzenbrau sell for 100 naira (28 cents). Alexandra Wexler, WSJ, "Beer Giants Tap Into Africa With Brews Under $1," 18 Aug. 2018 Those who return are given 100,000 naira ($278) to tide them over for the first three months, and training on how to start their own businesses. The Economist, "Europe is sending African migrants home. Will they stay?," 28 Mar. 2018 Smuggled rice, on the other hand, was being sold in urban markets for 12,500 naira a bag. The Economist, "Nigeria hopes high tariffs will make it grow more rice," 15 Mar. 2018 The cost of the visit, says Temilade, who will listen to babies through a metal fetoscope called a Pinard horn, is a mere 200 nairas—about $0.55. Jon Cohen, Science | AAAS, "Nigeria has more HIV-infected babies than anywhere in the world. It’s a distinction no country wants," 12 June 2018 The thieves got away with millions of naira in local currency after using dynamite to blow up a vault in one bank. Bukola Adebayo, CNN, "Police: Nigeria's Senate president linked to heist that killed 33 people," 4 June 2018

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.

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First Known Use of naira

1972, in the meaning defined above

History and Etymology for naira

alteration of Nigeria

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Dictionary Entries near naira

naique

nair

Nair

naira

Nairn

Nairobi

Nairobi disease

Statistics for naira

Last Updated

30 Jun 2019

Look-up Popularity

Time Traveler for naira

The first known use of naira was in 1972

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Rhyming Dictionary: Words that rhyme with naira

Britannica.com: Encyclopedia article about naira

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