plural nairas or naira
: the basic monetary unit of Nigeria see Money Table

Examples of naira in a Sentence

Recent Examples on the Web
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Victims’ families and friends collectively paid more than two and a half billion naira, or about one and a half million dollars, to kidnappers during that time—double the figure from the year before. Alexis Okeowo, New Yorker, 3 Aug. 2026 Its move to sell in dollars could increase local demand for the US currency, weakening the naira and driving up inflation, which has risen in recent months. Alexander Onukwue, semafor.com, 15 July 2026 Those reforms included the removal of decades-long fuel subsidies that kept fuel prices low, influencing retail prices of nearly every good and service in the West African nation and allowing the value of the naira to be dictated by market forces. ABC News, 20 June 2026 Nigeria’s benchmark stocks gauge is trading at a record, surpassing the 100 trillion-naira ($72 billion) mark in early February for the first time as difficult reforms are starting to bear fruit, boosting sentiment. Emele Onu, Bloomberg, 7 Apr. 2026 See All Example Sentences for naira

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

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Cite this Entry

“Naira.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/naira. Accessed 6 Aug. 2026.

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