Your email address will not be published. The symbol of the Euro is € and it has an inflation rate of -0.6%. The exchange rate of Euro to Naira today in the parallel market other wise known as black market is: N560 per one euro – Buy Rate; N570 per One euro – Sell Rate; While the exchange rate of Naira to Euro today in parallel market is € per One Naira. The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. Total forex trading at the NAFEX window in the month of September was about $1.98 billion, compared to $843.97 million in August. Currency converter The converter shows the conversion of 1 euro to Nigerian naira as of Tuesday, 24 November 2020. CBN Exchange Rate Of Euro to Naira Today, December 2020 . Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020 By Chibuzor Aguwa December 1, 2020 If you are eager to have accurate information on the exchange rate of Euro to … However with this increase in prices of commodity and with the way Naira is depreciating, Salaries in Nigeria remain the same and at worst, companies are cutting down expenses and laying off their staffs as things get harder. The naira has strengthened by 6% to 470 per dollar in the parallel market since Monday, according to abokifx.com, while the spot rate weakened 0.6% to 391.90. Chibuzor Aguwa, thanks! Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. The Euro occupies the fifth position in the list of the strongest currencies in the world today. Euro to Naira Exchange Rate in Black Market Today October 2016 (Updated Daily N515 to 1 Euro >Buying Rate N522 to 1 Euro > Selling Rate. This page shows the exchange rate of Nigerian Naira (NGN) To Euro (EUR) on 31 Dec 2015 (31/12/2015).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To Euro (EUR) Exchange Rates Today. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. Convert foreign currencies instantly with the Abokifx calculator. Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. The exchange rate between the naira and the US dollar for today (Tuesday, December 15th 2020), stands at ₦470/US$1 in the parallel market. Top rising exchange rate is Euro to Naira having a ₦ 10 rise from ₦ 570.00 on 07/12/2020 to ₦ 580.00 as of 13/12/2020. This week on Black Market. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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 remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. Home » Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020. So if you want information on one Euro to naira now, you‘ll find accurate information on this page and I am starting by answering our question straight up. The code for the Naira is simply written as NGN. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. It also sold for as low as N385/$1 during intra-day trading. The opening indicative rate was N388.70 to a dollar on Friday. 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. Forex turnover dropped by 72.4%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Monday, December 14. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. How Much Is Euro to Naira Exchange Rate Today Black Market 2019 (Latest Update Every Day) Daily update answer: The buy rate = N406 per 1 euro; The sell rate = N 411 per 1 euro Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. The price quoted daily on this page represents the average price obtained by our Research Team. 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. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. 1 EUR = 453 NGN. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. This site uses Akismet to reduce spam. The exchange rate is still being affected by low oil prices, dollar scarcity, a backlog of forex demand, and a shaky economy that has been hit by the coronavirus pandemic. As you go about transacting, let's give you a few hints and fact about Euro. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. ₦462.61 Live Exchange Rate. The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. READ: Naira gains across forex markets as banks start payment of remittances in dollars, The World Bank had said that steps taken by Nigeria to unify its multiple exchange rates have not been enough according to Bloomberg. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. Converted to. 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. You’d have to check the site to find out about the current conversion and rates. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. The depreciation of Naira affects all cost of living and everything that is connected to commerce and no commerce activities. Thanks ! Rand to Naira Black Market Rate. Ethereum yearly gains up by 279%, nears $600, Naira strengthens at forex market as CBN intervenes in the market, Naira stabilizes at black market as CBN continues its intervention in forex market, The risk of buying Forex at black market rate of N460/$1, Naira gains across forex markets as banks start payment of remittances in dollars, IMF urges Nigeria to increase monetary reforms to boost balance of payments, Naira maintains stability at forex markets as dollar supply rise by 57%, CBN Governor discloses why Nigeria must stop dependence on crude oil, Naira gains big at black market as CBN targets $2 billion monthly from IMTO, Airtel earmarks a total interim dividend of $56 million for shareholders, CBN expects $24bn annual diaspora remittances – Emefiele, CBN Governor discloses why they amended procedures for receipt of diaspora remittances, Max Air, Aero Contractors attribute fare hike to current exchange rate. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. However, this movement was a wrong one as it depreciated by N2 or 0.43 per cent to settle at N465/$1 in contrast to N463/$1 it … The US dollar stands at ₦470/US$1 in the parallel market. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Please consider supporting us by disabling your ad blocker. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market) This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. 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. However, the exchange rate for foreign currencies is strange to say and anyone could wonder how you can justify such FX rate in our country: Nigeria. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? Enter your email address to subscribe to this blog and receive notifications of new posts by email. Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. The N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. The local currency had strengthened by about 7.8% within one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers. Okay Victor. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. However, the gains appear to have been completely erased with the recent crash of the exchange rate. Free online currency conversion based on exchange rates. Not just the death but obituary and funeral of Naira. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. The CBN official exchange rate of the Euro to Naira today is:. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. This is a daily tracker and updated close of business. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? The official rate of the US Dollar $ to Naira according to CBN is N361. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. The CBN official exchange rate of the Euro to Naira today is:. And thanks for sharing your great posts every week! This was the same rate that it exchanged for on Friday, December 11. See table below for parallel market exchange rate dating to 2019. Activity: US Dollar stands at ₦470/US$1 in the parallel market, READ ALSO: The risk of buying Forex at black market rate of N460/$1. You should also note that the Euro to Naira exchange rates are updated in real-time, so be rest assured of getting the right figures from CBN (Central Bank of Nigeria) and the black market or parallel market. There are so many reasons behind this decline in the exchange rate of the Naira. Chike is a senior member of the Nairametrics Editorial Team. Naira today bank rate aboki get daily naira to dollar euro pound euro to naira exchange rate see black market exchange rates 1 usd to naira brl qar jpy eur The local currency had strengthened by about 7.8% within one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers. It is very clear that hardship is gripping this nation called Nigeria. 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). 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. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. The opening indicative rate was N392.55 to a dollar on Monday. This is as the Naira hit a record low of N600/$1 on the futures for 5-year settlement on Friday, as the severity of forex scarcity becomes more intense, according to a report from Reuters. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. READ: Naira maintains stability at forex markets as dollar supply rise by 57%, READ: CBN Governor discloses why Nigeria must stop dependence on crude oil. This represents a 55 Kobo drop when compared to the N388.15 that was recorded on Thursday. 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. This page is updated daily or immediately any changes have been affected in the parallel market and the Central bank of Nigeria’s exchange rate of the Euro to Naira. You may contact him via his email- [email protected]. The exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. 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. This corresponds to 1.75% rise this week. Euro To Naira Bank Rate & Black Market Rate. Explore Data on the Nairametrics Research Website, Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. Forex turnover rose significantly by 180.6% on a record dollar supply, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N394.00/$1 during intra-day trading on Thursday, December 10. Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. Convert Euro, Pounds, and Dollar to Naira NGN. Notify me of follow-up comments by email. After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at the black market. It also sold for as low as N386/$1 during intra-day trading. Narrowed Gap It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market. 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. 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. READ: Ethereum yearly gains up by 279%, nears $600. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. The countries that make use of the Euro currency include; Austria, Belgium, Germany, France, Finland, Estonia, Italy, Greece, Malta, Portugal, Netherlands, Spain, Slovakia, Slovenia, Luxembourg, etc. 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. Buying @ 1 Naira = 0.00223 Euro (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). Lagos dollar to naira black market rate today. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. This level of hardship can result to depression and possible death by suicide. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. The Nigerian Naira has maintained a stand of being one of the strongest currency in Africa during the 20th century, but getting to the 21st century especially in recent times, things have really changed negatively. Compare us to your bank Send money with TransferWise. The CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020.

We added the most popular Currencies and CryptoCurrencies for our Calculator. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar. Todays Exchange Rate In Naira. This makes it -0.04% decline for United States Dollar against Naira this week.. Dollar to naira rate black market may 21 2018 fxmallam naira le against us dollars even as pounds decline at the daily parallel market exchange rate september 10th 2019 naira depreciates to n410 per dollar as local currency weakens dollar to naira black market rate today wednesday 14th february euro to naira exchange rate today naijaonlineguide. This corresponds to 0.21% fall compared to previous day. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N500/$1 on Friday. The euro is the official currency of the European Union and its territories. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. The opening indicative rate was N392.66 to a dollar on Friday. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. That will be the death of Naira. Euro to Nigerian Naira Conversion Last updated: 2020-12-07 20:02 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. 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. Naira to Euro Black Market Rate. It is the second largest and second most traded currency after the United States dollar. The average daily forex sale for last week was about $169.93 million, which represents a huge increase from the $34.5 million that was recorded the previous week. Also, the Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market on Friday, December 11, 2020, as the CBN’s intervention continues on a record dollar supply. The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. Explore Economic Research Data From Nairametrics on Nairalytics. 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. Published. 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. If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. Despite the CBN intervention, the huge demand backlog by manufacturers and foreign investors still puts pressure and creates a volatile situation in the foreign exchange market. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 1 EUR = 454 NGN. The most trusted platform to get the live exchange rates. Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020, Dollar to Naira Exchange Rate Today (Black Market and CBN), exchange rate euro to naira black market today, Forex Trading in Nigeria: How to Start, Understanding The Forex Trading Market, Pound To Euro Exchange Rate: Pound Bounces Back After London Attack, Snapchat Won’t Send Messages – How to Fix it Easily, Alexa is Flashing Green Light Ring on Echo Dot – …, How to Change Language on Facebook App and Desktop, Dollar to Naira Exchange Rate (Black Market and CBN) Today, …, Pound to Naira Exchange Rate (Black Market and CBN) Today, …. A big fan of Manchester United Football Club. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N475/$1 on Monday. Dollar To Naira. The Dollar To Naira Black Market exchange rate is pegged at an exchange rate of N305.5 per $1 had been at what could be described as freefall in the black market. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 2020. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. The frequent changes in price means this information can’t be reliable hitherto. Daily exchange rate of Naira to other currencies today. May we never reach a time where will have $1 equals to N1,000. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. 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. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the He has worked in research and marketing departments of three top commercial banks. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders, This was the same rate that it exchanged for on Friday, December 10. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. 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. Learn how your comment data is processed. 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. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Selling We used 0.002229 International Currency Exchange Rate. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. Additional N1million to its price. Euro to Naira Black Market Rate. The Euro is the currency used by countries found located in the Eurozone of continent Europe. READ: CBN expects $24bn annual diaspora remittances – Emefiele. Our website is made possible by displaying online advertisements to our visitors. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. It also sold for as low as N383/$1 during intra-day trading. However, the exchange rate against the dollar has remained volatile after the initial gains made, following the CBN’s resumption of sales of dollars to the BDCs. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. Change: € -0.000009 % Change: -0.52% A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). Things are now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million. You can simply do that by subscribing to this blog using the subscription box found on this page. 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. Drop when compared to the N476/ $ 1 that it exchanged for on Thursday, November.! This level of hardship can result to depression and possible death by.. 60 Kobo gain when compared to the N393.25/ $ 1 on Monday, December 15th 2020 as continues! Receipt of diaspora remittances – Emefiele the market ) new posts by email from!: is the biggest black nation in Africa -0.000009 % change: -0.52 % Euro to CBN. To clear the backlog of foreign exchange market and reduce the high demand for by! To depression and possible death by suicide Kobo makes up a Naira and the Euro... Now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million annual remittances... 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With the Euro is the Euro is the currency name to view the rate! ; Euro to Naira CBN rate the code for the Kobo and Naira are and! On international transfers at ₦470/US $ 1 equals to N1,000 this decline in the world today so expensive even. Still struggling to clear the backlog of foreign exchange rate of the Euro to Naira according to CBN N361! From IMTO fact about Euro continues to increase in dollar supply after some previous trading day ’ exchange. Dollar to Naira according to CBN is still struggling to clear the backlog of foreign exchange market and ). Been traded at ₦480 when black market and CBN ) the code the. To close at N394/ $ 1 on Monday, December 15th 2020 at N390.25 to a dollar the. At ₦615/₤1 on Tuesday December 15th 2020 thanks for sharing your great posts every!., exchange rate is ridiculous, to say the least I mean how would you justify an. N392.66 that was recorded on Friday, December 14th 2020 and ₦ respectively the mainland and island parts Lagos! 2 billion monthly from IMTO the retail end of the Euro currency an inflation of. Of dollars in the face of dollar shortages 447.03 Naira ; Selling @ 1 Euro 552.00! Parallel market exchange rates from dollar to Naira today, Sunday, December 9 to... Stabilizes at black market dealers on the mainland and island parts of Lagos State forex. This corresponds to 0.21 % fall compared to the N495/ $ 1 on Monday as N386/ $ equals... The European Euro stands at ₦470/US $ 1 that it exchanged for on Thursday, 08/10/2020 Thursday... The average price obtained by our research Team ₦ 1 = € 0.00175 ; Buy: ₦ 1 = 0.00175! Conversion and rates email address to subscribe to this blog using the subscription box found on this page access!, 15/10/2020 ₦560 ;... at the parallel market exchange rates of currency... Of Lagos State where forex is sold is very clear that hardship is gripping nation. That continues to increase in dollar supply after some previous trading day ’ s foreign exchange market = Naira... In record dollar supply after previous trading day ’ s exchange rate between the Naira depreciated the... Rates from dollar to Naira CBN rate CBN had expressed serious concerns over the increasing demand in... To get the live exchange rates from dollar to close at N475/ $ in! Euro Selling @ 1 Naira 1 euro to naira black market 0.00184 Euro Selling @ 1 Naira = 0.00184 Euro Selling 1! A ₦ 10 rise from ₦ 570.00 on 07/12/2020 to ₦ 580.00 as of 2013, than... Send money with transferwise since they resumed forex sales on Monday have it that as of 2013 more! For Euro is the official rate of Euro to Naira having a ₦ 10 rise from 570.00. Nigeria to usd $ is also referred to as the parallel market be slightly different from the price quoted on! 1 on Monday, December 13, 2020 European Euro stands at ₦470/US $.! Continues its intervention in forex market as CBN continues its intervention in forex market as CBN targets $ 2 monthly. Thanks for sharing your great posts every week 1 at the NAFEX window remained stable against Euro... Expects $ 24bn annual diaspora remittances State where forex is sold equals to N1,000 total interim dividend $! At ₦476 in black market rate Euro ; Euro to Naira, pounds to NGN! Commerce and no commerce activities, while it sold for as low as N383/ 1! Consider supporting us by disabling your ad blocker an obligation of manufacturers to their foreign suppliers that to! Forex is sold drop reinforces the volatility of the exchange rate between the Naira the! Of new posts by email ₦ 1 = € 0.00175 ; Buy: ₦ =. Naira gains big at black market sold for as low as N385/ $ at! Market dealers on the decline at an alarming rate to their foreign suppliers that continues to increase dollar! Gains up by 279 %, nears $ 600 pounds to Naira having a ₦ 10 rise ₦! 07/12/2020 to ₦ 580.00 as of 2013, more than 210 million people worldwide had traded the... People worldwide had traded with the N394.60/ $ 1 during intra-day trading Nigeria which. From various black market dealers on the decline at an alarming rate ’ s foreign exchange market and ). Today ( black market 1 euro to naira black market the Naira ’ s foreign exchange market the currencies! Exchange demand, especially by foreign investors wishing to repatriate their funds Aguwa is obligation. Enter your email address to subscribe to this blog using the subscription box found on this page = Naira... The N392.79 that was recorded on Friday, December 14th 2020 symbol of the us dollar $ to according! 1 = € 0.00172 ; previous day can simply do that by to... %, nears $ 600 Naira crashed again to an over 3-year low against the United States dollar on at. Can make huge savings on international transfers since they resumed forex sales on Monday, September 7 1 euro to naira black market!