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 According to Lawal, the team has traced coronavirus interventions worth up to 87 billion naira (about $222 million) in the country. Aisha Salaudeen, CNN, "Massive funding has been donated to help fight the coronavirus in Africa. This nonprofit is trying to keep track of it," 11 May 2020 The enrollment of about 30,000 MEND fighters into the amnesty program, each of whom receives 65,000 naira ($179) a month, ushered in a period of relative calm that ensured crude was flowing again. William Clowes,, "Former Nigerian Militant Says Oil Amnesty Is Price of Peace," 5 May 2020 According to police, the traffickers were selling male babies for 500,000 naira (around $1,378) and female babies for 300,000 naira ($827). Bukola Adebayo, CNN, "19 pregnant teens and women rescued from suspected baby traffickers in Nigeria, police say," 30 Sep. 2019 Secondly, he was also required to provide two sureties who own properties in Abuja worth 50 million naira each. Rudolf Ogoo Okonkwo, Quartz Africa, "A New York-based journalist has become the face of shrinking press freedom in Nigeria," 16 Nov. 2019 The service will be available only on weekdays for the next two weeks and will cost 500 naira ($1.30) per trip. Aisha Salaudeen, CNN, "Uber begins the pilot phase of its boat service in Nigeria," 11 Oct. 2019 On the day of the initiation, John was given a shopping list: candles, bug spray, a kola nut (a caffeinated nut native to West Africa), razor blades, and 10,000 Nigerian naira (around thirty dollars)—his bamming fee. Sean Williams, Harper's magazine, "The Black Axe," 19 Aug. 2019 The profits were his: the only money John paid to the Black Axe was the roughly 10,000 naira in dues, collected each semester. Sean Williams, Harper's magazine, "The Black Axe," 19 Aug. 2019 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

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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Time Traveler for naira

Time Traveler

The first known use of naira was in 1972

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Statistics for naira

Last Updated

1 Jun 2020

Cite this Entry

“Naira.” Dictionary, Merriam-Webster, Accessed 3 Jul. 2020.

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Rhyming Dictionary: Words that rhyme with naira Encyclopedia article about naira

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