Nigerian Naira

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Nigerian Naira

The currency of Nigeria. It was introduced in 1973, replacing the Nigerian pound. It has been marked by relatively high (though not excessive) inflation. The Central Bank of Nigeria restricts the convertibility of the naira.
References in periodicals archive ?
By not properly managing the oil windfall before the crash, Nigeria has found itself in a position where it does not have the funds to invest in capital projects and defend the naira," Rewane said.
While waiting for a turnaround, Godwin Emefiele, CBN governor, decided to stop the twice-weekly interventions to support the naira and gamble with forex policies to stop the naira from further haemorrhage.
There are a lot of NRI global citizens settled here who are looking for ways to connect to India and NAIRA is the way to connect," added Nazia Sharma, VP, EMGEE Group who had accompanied the duo.
Naira Zohrabyan asked Tigran Sargsyan to give explanations on the Memorandum signed in Minsk on October 25.
One of the kidnappers called to demand the sum of 200 mln naira .
Chika continued, "We run our new background ad for as low as twenty thousand naira per day, and offer attractive discounts to advertisers running for longer durations.
The brothers were among 85 competitors in Fort McMurray, she said, adding that the NAIRA will be holding a Canadian Indians Rodeo final in September.
The State government had earmarked 250 million naira to be given as interest-free loans to the farmers to persuade them to take-up farming as a full time activity.
As part of the QMA Human Capital Division's attempt to be an employer of choice, the Naira programme reflects QMA's appreciation for its employees and their ongoing initiatives to reward its employees for their hard work, dedication and commitment.
079 trillion naira proposal sent to parliament by President Yar'Adua last November, before he left for treatment in Saudi Arabia.
KANO, March 12, 2010 (Balochistan Times): An overnight fire razed northern Nigerias largest textile market, consuming goods valued at billions of naira and some cash, traders said Friday.
This study therefore was designed to investigate this inference in terms of time and cost overrun of the traditional contract procurement method on residential buildings with project cost ranging from one to one hundred million naira.