Naira definition

Naira means the currency of the Borrower;

Naira or “N” means the currency of the Federal Republic of Nigeria.

Naira or “NGN” means the currency of the Borrower;

Examples of Naira in a sentence

• At the request of the Supplier, we [name of bank] hereby irrevocably undertake to pay you, without cavil or argument, any sum or sums not exceeding in total an amount of Naira [insert amount in figures and in words] upon receipt by us of your first written demand accompanied by a written statement that the Supplier is in breach of its obligation(s) under the Contract conditions, without you needing to prove or show grounds or reasons for your demand of the sum specified therein.

• The table below shows the exchange rates used in translating the accounts into Naira.

• Foreign currency riskThe Company is subject to foreign exchange risk as the Company has certain assets and liabilities, and makes certain expenditures, in US dollars and Nigerian Naira.

• All financial information presented in Naira has been rounded to the nearest thousand unless otherwise stated.

• The Group has used the CBN rate to translate its Dollar currency to its Naira presentation currency.

More Definitions of Naira

Naira or “N” means the lawful currency of the Recipient.

Naira means the currency of the Guarantor.

Naira and "NGN" means the lawful currency of Nigeria;

Naira means Nigerian Naira.

Naira means lawful money of the Federal Republic of Nigeria.

Naira and the sign "N" mean the currency of the Borrower.

Naira or “N” means the lawful currency of the Federal Republic of Nigeria.