naira


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nai·ra

 (nī′rə)
n. pl. naira
See Table at currency.

[Alteration of Nigeria.]

naira

(ˈnaɪrə)
n
(Currencies) the standard monetary unit of Nigeria, divided into 100 kobo
[C20: altered from Nigeria]

nai•ra

(ˈnaɪ rə)

n., pl. -ras.
the basic monetary unit of Nigeria, introduced in 1973.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.naira - the basic unit of money in Nigeria
Nigerian monetary unit - monetary unit in Nigeria
kobo - 100 kobos equal 1 naira in Nigeria
References in periodicals archive ?
People don't know what is going on in agriculture market, we are not talking about small money, we are talking about hundreds of millions of Naira per year saved in this country and injected into the economy at the farmers level.
The central bank of Nigeria has said that it is not planning to float the naira.
One-year risk-free Naira fixed-income rates of between 15.00% and 16.00% may emerge as the new normal.
Chijioke makes around 800 naira - just $2.22 - a day by weaving between cars under the equatorial sun for several hours each day.
The capital is transformed into 10 million shares valued at 1 Naira per share.
Transactions for the first half of the year decreased by 44 per cent to 624 .4 billion naira ($2 billion) from a year earlier, according to data from NSE's website.
The West African country has budgeted for a record 6.06 trillion naira ($19.64 billion) of expenditure this year, of which he said 2.123 trillion naira had already been allocated.
Central Bank Governor Godwin Emefiele announced in a speech on 15 June that the struggling naira would now be market-driven, after months of economic slowdown and foreign reserve depletion in the country.
The way things are going, the rate might reach 250 naira per dollar before it stabilizes," a Bureaux de Change operator in the capital Abuja told Vanguard, speaking on condition of anonymity.
She advocated more flexibility in the management of the naira as the capacity of the Central Bank of Nigeria (CBN) to defend the naira wanes, depleting external reserves.
Summary: Despite two devaluations already this year, the naira's woes continue as oil prices stay low.
Moving to an order-based two-way quote system will avoid speculation and dissuade people from buying the greenback in anticipation of naira weakness, he said.