Definition, Meaning & Synonyms
naira
noun
/ˈnaɪərə/
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Definition
The official currency of Nigeria, represented by the symbol ₦.
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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.
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Meaning
The naira is used as the medium of exchange in Nigeria for all financial transactions, reflecting the country’s economy and stability.
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Synonyms
- currency
- money
- legal tender