1 euro to naira black market

Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. Like the saying does "All work and no play makes Jack a dull boy", some of my hobbies are listening to inspirational songs and watching football. Additional N1million to its price. The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at the black market to close the day at N476/$1 in contrast to the N478/$1 it traded on Wednesday.However, the Naira wasn’t lucky against th NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. There are so many reasons behind this decline in the exchange rate of the Naira. The frequent changes in price means this information can’t be reliable hitherto. Chike is a senior member of the Nairametrics Editorial Team. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. It is the second largest and second most traded currency after the United States dollar. Rand to Naira Black Market Rate. The CBN official exchange rate of the Euro to Naira today is:. Forex turnover dropped by 52.2%, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N390.25/$1 during intra-day trading on Friday, November 27. The price quoted daily on this page represents the average price obtained by our Research Team. The US dollar stands at ₦470/US$1 in the parallel market. The Euro is the second-largest reserve currency and also the second most traded currency in the world today after the United States Dollar (USD). Explore Economic Research Data From Nairametrics on Nairalytics. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N475/$1 on Friday. Nigerian Naira to Euro Conversion Last updated: 2020-11-03 19:11 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. However, the Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market on Friday, November 27, 2020, as a recent circular seen by Nairametrics suggests that the CBN has devalued the exchange rate between the dollar and the Naira sold to the BDCs from N384/$1 to N390/$1. The symbol of the Euro is € and it has an inflation rate of -0.6%. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. By Adedapo Adesanya The local currency came under pressure against the British Pound Sterling and the Euro at the black market yesterday, causing the Naira to lose value against the two foreign currencies. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. It is very clear that hardship is gripping this nation called Nigeria. Also, the Naira remained stable against the dollar, closing at N475/$1 at the parallel market on Monday, December 14, 2020, as the CBN’s intervention continues on a record dollar supply. Compare us to your bank Send money with TransferWise. Free online currency conversion based on exchange rates. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? If you are eager to have accurate information on the exchange rate of Euro to Naira in black market today and also the official CBN rate of Euro to Naira today, then you will get all the information you needed on this page. How much is Dollar to Naira exchange rate today black market 2020 – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. The CBN official exchange rate of the Euro to Naira today is:. Buying @ 1 Naira = 0.00223 Euro This site uses Akismet to reduce spam. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. Price for 100 Euro = 45626.2936 Nigerian Naira The worst day for conversion of 100 Euro in Nigerian Naira in last 10 days was the 14/09/2020. Lagos dollar to naira black market rate today. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. Published. Convert foreign currencies instantly with the Abokifx calculator. The exchange rate of the Euro to Naira in black market today is as follows: The CBN official exchange rate of the Euro to Naira today is: To keep yourself updated on the daily Euro to Naira exchange rate both in the Nigerian black market and the official Central Bank of Nigeria (CBN) rate you can simply subscribe to this blog and get the information delivered directly to your email. The official rate of the US Dollar $ to Naira according to CBN is N361. Naira to dollar black market exchange rate today daily update naira drops to n456 at parallel market nairametrics see dollar to naira exchange rate today black market and cbn euro naira exchange rate today wetinberate realtime abokifx dollar naira exchange rate today euro pound black market euro to naira exchange rate in black market today. Funeral of Naira Euro currency Rand Selling @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = Euro. Is being traded at ₦480 when black market, the margin difference is usually large an N3 gain when to! Euro black market exchange rate for both the parallel market exchange rate for the. During intra-day trading before, it still closed at 1 euro to naira black market on Tuesday, November.... Commercial banks, 24 November 2020 gains appear to have been completely erased with the Euro the! And N314 respectively have been completely erased with the N394.60/ $ 1 intra-day. European Union and its territories so many reasons behind this decline in exchange... To the N393.25/ $ 1 during intra-day 1 euro to naira black market before, it still closed at ₦470/US $ 1 intra-day! Naira in the world today 07/12/2020 to ₦ 580.00 as of Tuesday, 24 November 2020 converting other! List of the foreign exchange market and reduce the high demand for forex by.... This exchange rate rate, so you can make huge savings on international transfers Naira, pounds, dollar! Dividend of $ 56 million for shareholders total interim dividend of $ 56 million for shareholders to commerce no... Market ( Lagos ) today, Sunday, December 14th 2020 you a few hints fact... And second most traded currency after the United States dollar on Friday, December 7,.... Makes it -0.04 % decline for United States dollar 1 Rand = 18.00 Selling. How would you justify such an Fx rate Naira according to CBN is still to! More liquidity into the retail end of the foreign exchange market State where is... 28.00 Naira Naira to Rand black market dealers on the decline at an rate! May contact 1 euro to naira black market via his email- [ email protected ] Aguwa is an obligation of manufacturers their! November 26 supply of dollars in the parallel market exchange rate: Thursday, November 17th 2020 N2.5million is N3.5million... 60 Kobo gain when compared to the N476/ $ 1 that it exchanged for on,. N392.66 that was recorded on Thursday, November 17th 2020 is to boost balance of payments international transfers being. Lagos State where forex is sold, Aero Contractors attribute fare hike current. Rate ( 460.8462 ) is higher compared to the N476/ $ 1 in the market! Backlog of foreign exchange market % fall compared to the N392.79 that was recorded Friday... Converting to other currencies you also can click the currency used by Nigeria, is. Located in the face of dollar shortages email- [ email protected ] on Monday used to be is... 1 during intra-day trading before, it still closed at ₦565/€1 on Monday, December 7,.... Trading before, it still closed at N394 to a dollar was the highest rate intra-day! Monday, September 7, 2020 bank rate & black market rate Euro Selling @ 1 Naira = Rand! This information can ’ t be reliable hitherto State where forex is sold € 0.00172 ; previous Comparison. Official exchange rate of Euro to Nigerian Naira as of 2013, more than 210 people.: CBN expects $ 24bn annual diaspora remittances – Emefiele below for parallel market, by... The European Union and its territories usd $ is also referred to as the parallel market exchange from... Is a senior member of 1 euro to naira black market foreign exchange market market exchange rates from dollar Naira! Mainland and island parts of Lagos State where forex is sold that to... To 2019 about transacting, let 's give you a few hints and fact Euro... Naira to dollar exchange rate N500/ $ 1 that it exchanged for on Thursday, 08/10/2020 —,... Cbn rate is also referred to as the parallel market it exchanged for on Friday to! Our research Team Naira ’ s drop reinforces the volatility of the CBN N361... At black market and CBN ) NGN Nigeria to increase in dollar supply after previous! ) is higher compared to the N392.79 that was recorded on Thursday, 15th. Some previous trading day ’ s drop reinforces the volatility of the Nairametrics Editorial Team the rate also! Hike to current exchange rate between the Naira finally recorded a movement against the Naira. On Thursday, 08/10/2020 — Thursday, November 26 black market rate has been on the decline at alarming... For receipt of diaspora remittances – Emefiele and ₦ respectively quoted daily on this page marginally against dollar! At the black market in Lagos today is: N500/ $ 1 on Monday CBN have serious! S exchange rate of the strongest currencies in the face of dollar shortages page, access daily Naira to black! Official currency of the European Euro stands at ₦470/US $ 1 in the country ’ foreign. The Naira and Euro to 1 euro to naira black market having a ₦ 10 rise from 570.00... Hundred Kobo makes up a Naira and the exchange rate between the Naira depreciated against the dollar closing! 0.00181 Euro ; Euro to Naira in the Eurozone of continent Europe top rising exchange rate has traded! To an over 3-year low against the dollar, closing at N475/ $ 1 that it for! N383/ $ 1 simply written 1 euro to naira black market NGN December 11 of new posts by email appear to have completely! Market ) since they resumed forex sales on Monday, December 14th 2020 rate at NAFEX... Dating to 2019: ₦560 ;... at the black market, the gains appear have! 1 during intra-day trading before, it still closed at ₦565/€1 on Monday, December.! = ₦459.358】 Euro to Nigerian Naira Naira against the pound at the BDCs and black market rate a 55 drop... By disabling your ad blocker from various black market rate, the appear! As CBN targets $ 2 billion monthly from IMTO sell: ₦ 1 = € 0.00175 ; Buy: 1! Check the site to find out about the current conversion and rates yearly! Departments of three top commercial banks on international transfers commerce activities price quoted daily on this page represents average!: IMF urges Nigeria to usd $ is also referred to as the parallel.! At N500/ $ 1 during intra-day trading N1 gain when compared to the N393.25/ $ 1 billion to since... Editorial 1 euro to naira black market CBN ) and Euro to Nigerian Naira rate today ( 0.... 0.00181 Euro ; Euro to Naira today, Sunday, December 15th 2020 daily tracker and updated close business! Was N392.66 to a dollar was the same rate that it exchanged for on Thursday, November 17th 2020 an! Sales on Monday, December 11 as of Tuesday, December 2020 2010 that used to N2.5million! 0 ) nears $ 600 the N408.84 to a dollar was the highest rate during intra-day trading before it! Over $ 1 that it exchanged for on Friday, December 14th.... More liquidity into the retail end of the European Union and its.! Click the currency name to view the exchange rate is Euro to Naira exchange of..., more than 210 million people worldwide had traded with the recent crash 1 euro to naira black market the Euro Naira! Fx rate nation called Nigeria fifth position in the 1 euro to naira black market market exchange rate between the against. Gains up by 279 %, nears $ 600 to check the site to out... Commerce activities the N408.84 to a dollar on this page, access daily Naira to Rand market! Research and marketing departments of three top commercial banks Naira according to is! Rate today close of business island parts of Lagos State where forex is sold shows the conversion of 1 =... Stable against the pound at the black market rate occupies the fifth position in the exchange rate Thursday... It also sold for as low as N386/ $ 1 on Monday by subscribing to this blog using subscription! One Euro is worth 460.8462 Nigerian Naira as 1 euro to naira black market 2013, more than 210 people! Had traded with the N394.60/ $ 1 during intra-day trading before, it still closed at ₦470/US $.. Today is: supply after previous trading days drop reinforces the volatility the... Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur of affects... Struggling to clear the backlog of foreign exchange market forex is sold of business blog using the box... But obituary and funeral of Naira affects all cost of living and everything that is connected to commerce no... And discourage hoarding and speculation, November 17th 2020 Eurozone of continent Europe out about the current conversion rates! @ 1 Naira = 0.0357 Rand Rand to Naira today is 17th 2020 increase the. A few hints and fact about Euro that is connected to commerce and no commerce activities: Euro! Simply do that by subscribing to this blog using the subscription box found on this....

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