Nearger is pronounced just as it is spelled. It is a new term to describe "wiggers" and/or mulattos. It is for all people that you would want to call the N word, but they aren't black or 100% black, thereby, they are Neargers and not the other N word that sounds similiar.
Two thuggy hip hop white dudes pass by each other and high five and say "What up my nearger?".
A black man gets mad at a mulatto man and says "Get outta here you Nearger!"