Definition, Meaning & Synonyms
naira
noun
/ˈnaɪərə/
Definition
The official currency of Nigeria, represented by the symbol ₦.
Examples
- The price of the book is 2,500 naira.
- She saved up 10,000 naira for her vacation.
- Currency exchange rates can fluctuate daily, affecting the value of the naira against other currencies.
Meaning
The naira is used as the medium of exchange in Nigeria for all financial transactions, reflecting the country’s economy and stability.
Synonyms
- currency
- money
- legal tender
