Definition

The main unit of money used in Nigeria, which can be divided into smaller units called kobo.

Example

I exchanged my dollars for naira at the bank.

Conversation

I just exchanged some dollars for naira today.

Oh nice! How's the exchange rate these days?

It's not too bad, but I wish the value of the naira was stronger.

Yeah, it's always tough when the currency fluctuates.

Synonyms & Antonyms

Root Explanation

The word 'naira' originates from the Nigerian currency, which was introduced in 1973. The name 'naira' is derived from the phrase 'Nigeria' and is a play on the word 'naira' as a unit of currency. It does not have Latin, Greek, or Old French roots, but is a modern term specific to Nigeria.

Memory Tip

Think of 'naira' as a representation of Nigeria's currency, linking it directly to the country's name.

Visually Confused Words