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 ?
Sanusi consistently said he will ensure the defence of the naira till his departure from the bank next year.
NAIRA is one of several Aboriginal rodeo associations in Western Canada, which includes the Prairie Indian Rodeo Association, Reservation Rodeo Cowboys Association and Western Indian Rodeo & Exhibition Association.
079 trillion naira proposal sent to parliament by President Yar'Adua last November, before he left for treatment in Saudi Arabia.
Abandoned in 2001 by a Christian medical doctor who became a victim of a bloody clash between Christians and Muslims that led to the deaths of about 3,000 people in Kaduna, the farm was sold in 2003 to the diocese of Kaduna for 54 million naira (about $530,000 Cdn).
4 billion naira (about $10 million US) to communities in Bayelsa and Rivers states as restitution stemming from a 1998 oil spill from a Mobil pipeline in Akwa-Ibom State.
Currently using Naira airport near Tokyo and Kansai International Airport in Osaka as hubs for its international flight services, ANA also plans to open routes to other Asian destinations from Chubu airport, starting in April 2005, ANA officials said.
Recently, Special Duties Minister Yomi Edu said the government was negotiating with some multinational financial institutions to source the eight billion naira (approximately $80 million) that would be required to tackle the coastal erosion menace permanently.
The consolidated UBA is the largest financial services institution in West Africa, with a balance sheet size in excess of 600 billion naira and more than five million customer accounts.
It was affirmed by the Nigerian Communications Commission that the fine was based on 200,000 naira ($1,000) for each of 5.
When Buhari was elected, the naira had been on the slide since the price of oil started to drop dramatically in October 2014.