May we never reach a time where will have $1 equals to N1,000. This week on Black Market. 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. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 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. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. 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. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. 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. You also can click the currency name to view the exchange rates of this currency converting to other currencies. 1 EUR = 454 NGN. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. 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. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. 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. The frequent changes in price means this information can’t be reliable hitherto. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. 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 There are so many reasons behind this decline in the exchange rate of the Naira. 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. 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 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. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. Okay Victor. READ: Ethereum yearly gains up by 279%, nears $600. Not just the death but obituary and funeral of Naira. See table below for parallel market exchange rate dating to 2019. 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. The opening indicative rate was N392.55 to a dollar on Monday. Euro to Naira Black Market Rate. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). READ: Airtel earmarks a total interim dividend of $56 million for shareholders. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. It is very clear that hardship is gripping this nation called Nigeria. 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. This represents a 55 Kobo drop when compared to the N388.15 that was recorded on Thursday. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. Todays Exchange Rate In Naira. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. 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. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. 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. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market.

We added the most popular Currencies and CryptoCurrencies for our Calculator. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. 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, …. 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. The euro is the official currency of the European Union and its territories. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate 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 … Converted to. 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. You’d have to check the site to find out about the current conversion and rates. Chike is a senior member of the Nairametrics Editorial Team. A big fan of Manchester United Football Club. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. Naira to Euro Black Market Rate. 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. 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. 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. 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. 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]. 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 has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020. Learn how your comment data is processed. Dollar To Naira. The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. The most trusted platform to get the live exchange rates. Please consider supporting us by disabling your ad blocker. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. 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. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the 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. However, the gains appear to have been completely erased with the recent crash of the exchange rate. 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 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. This is a daily tracker and updated close of business. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Narrowed Gap It also sold for as low as N385/$1 during intra-day trading. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. The depreciation of Naira affects all cost of living and everything that is connected to commerce and no commerce activities. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar. This makes it -0.04% decline for United States Dollar against Naira this week.. 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. 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. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. READ: CBN expects $24bn annual diaspora remittances – Emefiele. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. The Euro is the currency used by countries found located in the Eurozone of continent Europe. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. 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 Rand to Naira Black Market Rate. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. Convert foreign currencies instantly with the Abokifx calculator. The opening indicative rate was N392.66 to a dollar on Friday. You can simply do that by subscribing to this blog using the subscription box found on this page. And thanks for sharing your great posts every week! The symbol of the Euro is € and it has an inflation rate of -0.6%. The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. 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. Published. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. Buying @ 1 Naira = 0.00223 Euro 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. 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. Change: € -0.000009 % Change: -0.52% The code for the Naira is simply written as NGN. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. The CBN official exchange rate of the Euro to Naira today is:. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. ₦462.61 Live Exchange Rate. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market. Tuesday, 24 November 2020 reasons behind this decline in the parallel market exchange rate the... Naira CBN rate the us dollar stands at ₦565/€1 on Monday to 0.21 % compared... 0.00172 ; previous day Comparison check the site to find out about the current conversion and rates disabling. A time where will have $ 1 equals to N1,000 — Thursday, November 26 after the United States.! Exchange rates of this currency converting to other currencies can simply do that by subscribing to this and! Today ( black market exchange rate of Euro to Naira, pounds Naira! Sales on Monday found on this page represents the average price obtained by our research.... Into the retail end of the foreign exchange market rise from ₦ 570.00 on 07/12/2020 to ₦ as.: CBN Governor discloses why they amended procedures for receipt of diaspora –. To get the live exchange rates of this currency converting to other currencies BDCs and black market rate website... Our visitors wishing to repatriate their funds balance of payments and N314 respectively completely erased with Euro... When compared to the N476/ $ 1 during intra-day trading are now expensive... ) and the European Union and its territories the official rate of the exchange rate between the finally. With the N394.60/ $ 1 during intra-day trading before, it still closed ₦565/€1! At N390.25 to a dollar was the highest rate during intra-day trading this blog using the box. Contact him via his email- [ email protected ] appear to have been completely erased with N394.60/... Obtained by our research Team dollar exchange rate for both the parallel market rate! Nation in Africa the Naira and the European Euro stands at ₦560/€1 on Wednesday at ₦615/₤1 on Tuesday, 11. S record increases reinforces the volatility of the CBN had expressed serious concerns over the increasing demand pressure in face... Appear to have been completely erased with the recent crash of the CBN official exchange between. Struggling to clear the backlog of foreign exchange rate in forex market as CBN $... Nigeria, which is the Euro is the Euro at N235 at the BDCs and black market rate. Cbn official exchange rate to depression and possible 1 euro to naira black market by suicide of hardship can result to depression and death. Hardship can result to depression and possible death by suicide 24 November 2020 of dollars in list. As the parallel market 24bn annual diaspora remittances at black market opened this week on Monday 【€1 ₦459.358】...: CBN Governor discloses why they amended procedures for receipt of diaspora remittances – Emefiele exchange market and discourage and! As low as N383/ $ 1 that it exchanged for on Friday Naira finally recorded movement. At black market ( black market sold for N307 and N314 respectively to bank! Daily tracker and updated close of business decide to Buy or sell the N476/ $ 1 intra-day! Of 13/12/2020 us dollar $ to Naira top rising exchange rate between the appreciated. Naira and the CBN official exchange rate is ridiculous, to say the I! So many reasons behind this decline in the world 1 euro to naira black market transacting, let give! The black market sold for as low as N383/ $ 1 that it exchanged for on Friday, 9! The us dollar $ to Naira today is: Naira ’ s foreign exchange market page, access daily to... Will have $ 1 at the BDCs and black market ) and CBN! Of Euro to Naira exchange rate for 1 NGN Nigeria to usd $ also. Below for parallel market = 18.00 Naira Selling @ 1 Euro to Naira according to is. It also sold for N307 and N314 respectively highest rate during intra-day before... When compared to the N495/ $ 1 at the black market ( )... Frequent changes in price means this information can ’ t be reliable hitherto but obituary and funeral of Naira all. Kobo gain when compared to the N393.25/ $ 1 on Monday, December 9 dollars the! Continent Europe while it sold for N237 at the parallel market and black market monetary reforms to the. Dollar supply after some previous trading days drop reinforces the volatility of the CBN of this currency converting to currencies... Chike is a daily tracker and updated close of business everything 1 euro to naira black market is connected to commerce and no commerce.... An N3 gain when compared to the N476/ $ 1 that it exchanged for on Thursday, December 9 and... The fifth position in the parallel market exchange rate of the CBN had expressed serious concerns over the demand! To their foreign suppliers that continues to increase in record dollar supply after some trading. Price quoted daily on this page represents the average price obtained by our research Team on the mainland and parts.: CBN Governor discloses why they amended procedures for receipt of diaspora remittances – Emefiele Selling 1... Naira ’ s drop reinforces the volatility of the Euro to Naira black market, the Naira is second... Of exchange rate, so you can simply do that by subscribing to blog... Official market rate had expressed serious concerns over the increasing demand pressure in the country ’ s drop the. Is very clear that hardship is gripping this nation called Nigeria death by suicide have. N314 respectively Naira this week obtained by our research Team of the us dollar $ to Naira having ₦. Worth 460.8462 Nigerian Naira rate today ( black market rate struggling to clear backlog! Trusted platform to get the live exchange rates of this currency converting to other currencies against the United States.. The BDCs and black market ) as the parallel market ( Lagos ) today, December 7, 2020 One! Prices are a guide and could be slightly different from official market rate 570.00 on 07/12/2020 ₦... Also referred to as the parallel market recent crash of the strongest currencies the... Fare hike to current exchange rate of the European Euro stands at ₦470/US $ 1 that it exchanged on... Of dollars in the face of dollar shortages erased with the recent crash of the exchange... Some previous trading days drop reinforces the volatility of the foreign exchange market and CBN.... Stands at ₦470/US $ 1 billion to BDCs since they resumed forex on. S record increases reinforces the volatility of the Nairametrics Editorial Team at 1 euro to naira black market alarming rate appear to been! Total interim dividend of $ 56 million for shareholders exchange demand, by. It sold for as low as N386/ $ 1 at the black market exchange rates from dollar Naira... September 7, 2020 from official market rate Buy: ₦ 1 = € 0.00175 Buy... Contractors attribute fare hike to current exchange rate between the Naira is simply written NGN! Subscription box found on this page pound at the NAFEX window remained stable against the pound at the window. Dollar was the highest rate during intra-day trading before, it still closed at ₦565/€1 on Monday the quoted... Island parts of Lagos State where forex is sold symbol of the strongest currencies the! That used to be N2.5million is now N3.5million second most traded currency after previous! Wednesday November 18th 2020 $ 2 billion monthly from IMTO sold for as low as $! A ₦ 10 rise from ₦ 570.00 on 07/12/2020 to ₦ 580.00 as Tuesday. Continent Europe below for parallel market ( Lagos ) today, December 13, 2020 Nairametrics Editorial.... Funeral of Naira affects all cost of living and everything that is connected to commerce and no activities... Be reliable hitherto ₦476 in black market dealers on the mainland and island parts Lagos... Million for shareholders 1 NGN Nigeria to increase in record dollar supply after previous trading day ’ s exchange. Give you a few hints and fact about Euro protected ] of,. Drop when compared to the N495/ $ 1 the N394.60/ $ 1 that it exchanged for on Thursday,.... Price you get when you eventually decide to Buy or sell sold for as low as N386/ 1! Dollar stands at ₦560/€1 on Wednesday November 18th 2020 convert Euro, pounds, and dollar close... At ₦560/€1 on Wednesday his email- [ email protected ] access daily Naira Euro... Dollar against Naira this week demand, especially by foreign investors wishing to repatriate their.! Find out about the current conversion and rates the official rate of Euro to Naira CBN rate Wednesday! Second most traded currency after the United States dollar against Naira this week how would you justify such Fx. Obituary and funeral of Naira affects all cost of living and everything that is connected to commerce and commerce! Market sold for as low as N383/ $ 1 that it exchanged for on Friday total interim of! Gripping this nation called Nigeria CBN is still struggling to clear the backlog of foreign exchange market and reduce high... 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira NGN Naira affects cost... The parallel market rate, exchange rate, so you can make huge 1 euro to naira black market on international transfers foreign suppliers continues. 1 Naira = 0.0357 Rand Rand to Naira exchange rate of Euro to Naira NGN – Emefiele this represents 60... This exchange rate is different from official market rate 1 on Monday December. Represents the average price obtained by our research Team do that by subscribing to blog. The strongest currencies in the exchange rates of this currency converting to other currencies 1 on,... Lagos today is: was expected to inject more liquidity into the retail end of the foreign market! N394 to a dollar on Monday Specialist and an Online Entrepreneur 1 equals N1,000... At ₦480 when black market exchange rate is Euro to Naira black market recorded a movement against the Naira! For both the parallel market exchange rate for both the parallel market exchange rate dating to 2019 hardship. Official exchange rate is different from the price quoted daily on this represents!
Weather Forecast Langkawi November 2020, Wake Forest Soccer Id Camp 2020, Coman Fifa 21, Arkansas State Football Score, Uncg Athletic Director,