What is another word for Nigerian Monetary Unit?
Pronunciation: [na͡ɪd͡ʒˈi͡əɹɪən mˈʌnɪtəɹi jˈuːnɪt] (IPA) 
Nigerian monetary unit refers to the basic unit of currency used in Nigeria. This official currency used in Nigeria is the Nigerian Naira. The Nigerian Naira symbol is denoted by ₦ and is subdivided into 100 kobo. Other synonyms of the Nigerian monetary unit include the Naira currency, Nigerian currency, Nigerian cash, and Nigerian notes. The Naira is regarded as one of the most widely used currencies in Africa. It is used for domestic transactions, international trade, online transactions, and many other forms of trade. It is also accepted by several African countries as a means of exchange, giving it some level of recognition outside its native country.
