BusinessAugust 20, 2026
kobo
KOH-boh
Definition
A minor monetary unit in Nigeria, equal to one hundredth of a naira.
Etymology
Derived from the English word 'copper,' which was the material often used for low-denomination coinage in the region during the colonial era.
In the news
The article uses kobo to denote the fractional parts of a naira when citing the specific share price declines for various Nigerian stocks.
Pre-election anxiety, profit-taking wipe N5tr from NGX after N160tr peak
Read the full article ↗The Guardian Nigeria News