naira

noun

nai·​ra ˈnī-rə How to pronounce naira (audio)
plural nairas or naira
the basic monetary unit of Nigeria see Money Table

Examples of naira in a Sentence

Recent Examples on the Web The government has twice devalued the naira in the past year, trying to enable it to float more freely and attract foreign investment. Ismail Auwal Taiwo Aina, New York Times, 11 June 2024 The naira has lost 70% of its value against the dollar since Tinubu took office. Richard Windsor, theweek, 1 Mar. 2024 Musa reports that the women were paid between 25,000 and 50,000 naira (roughly $80–160) for every 25 liters of fuel—far above the going rate in Nigeria and a significant payment for these women. Hilary Matfess, Foreign Affairs, 17 July 2017 Accessing legal representation can rise to 700,000 naira (about $500), or almost two years’ earnings for a minimum-wage worker. Ogar Monday, The Christian Science Monitor, 21 May 2024 The gunmen had last week demanded a ransom of 1 billion naira ($620,000) and threatened to kill all of the students if their demands were not met, a member of the local community said. Sophie Jeong, CNN, 24 Mar. 2024 By Nimi Princewill | CNN Gunmen who kidnapped at least 287 school children in Nigeria last Thursday have demanded a ransom of 1 billion naira ($621,848) and threatened to kill all of the students if their demands are not met, a member of the local community told CNN on Wednesday. Cnn.com Wire Service, The Mercury News, 13 Mar. 2024 Meanwhile, the country’s multiple exchange rates were unified to allow market forces to determine the rate of the local naira against the dollar, which in effect devalued the currency. Chinedu Asadu, The Christian Science Monitor, 20 Feb. 2024 Meanwhile, the country's multiple exchange rates were unified to allow market forces to determine the rate of the local naira against the dollar, which in effect devalued the currency. Chinedu Asadu, Quartz, 17 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'naira.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

alteration of Nigeria

First Known Use

1972, in the meaning defined above

Time Traveler
The first known use of naira was in 1972

Dictionary Entries Near naira

Cite this Entry

“Naira.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/naira. Accessed 20 Jun. 2024.

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