naira naira  /ˈnɛ rə/

Definition(s):

  • (n) the basic unit of money in Nigeria

Usage(s):

  1. Most local merchants are happy to break open a pack and sell cigarettes one at a time single sticks, as they're known for about 10 Nigerian naira, or 7 cents.
  2. We lost about 6 million naira $50,000.
  3. Two naira, she snapped back.

News

  1. Nigeria oil theft causes 5 pct drop in May government revenues

    ABUJA (Reuters) - Oil theft and pipeline vandalism were responsible for a 5 percent fall in Nigeria's government revenues in May to 590.7 billion naira, compared with 621 billion naira the previous month, the accountant general said on Thursday. "Gross revenue ... was lower ... due to a drop in crude oil production and lifting operations occasioned by force majeure declared at the Bonny terminal ...
    on June 20, 2013     Source: Reuters via Yahoo! News

  2. Nigerian naira at week high vs dlr on cbank intervention

    LAGOS (Reuters) - Nigeria's naira currency firmed against the dollar on the interbank market to its strongest level in more than a week on Thursday, after the central bank intervened in the market several times, traders said. The naira closed at 159.90 to the dollar, a level last seen on June 10, when the local currency closed at 158.95 to the dollar, and firmer than the 160.1 to the dollar it ...
    on June 19, 2013     Source: Reuters via Yahoo! News

  3. Nigerian naira up 1.6 pct vs dlr on cbank intervention

    LAGOS (Reuters) - Nigeria's naira gained about 1.6 percent against the dollar on the interbank market on Monday, after the central bank sold substantial dollar amounts to some banks to support the local currency, traders said. The naira closed at 160.1 to the dollar on the interbank, its strongest in almost one week, from 162.7 to the dollar it closed at on Friday. The Nigerian naira closed at ...
    on June 17, 2013     Source: Reuters via Yahoo! News

Quotes

  1. ...said that both the Federal Government and the governors of the hosting states were "very" committed to the provision and development of infrastructure, noting that "the selected states have collectively spent billions of naira on stadia...
    on Jun 13, 2009 By: Goodluck Jonathan Source: THISDAY

  2. "Nothing can be so far from the truth. How could I have returned to engage in violence after I had called for a peace meeting in Okrika on July 14, in which millions of naira was expended, in the presence of chiefs and elders of Okrika and Rivers...
    on Aug 29, 2007 By: Ateke Tom Source: AllAfrica.com

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