BusinessAugust 17, 2026

naira

NY-ruh

Definition

The basic monetary unit of Nigeria.

Etymology

Derived from the name of the country, Nigeria, with the suffix -a added by the Central Bank of Nigeria when the currency was introduced in 1973.

In the news

The article uses the term to denote the currency in which refinery pricing and market value transactions are denominated in the Nigerian economy.

DMO to Sell N1.1trn FGN Bonds Today

Read the full article ↗

Business Post Nigeria

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