1 euro to naira black market

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. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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 rate had also closed at ₦615/₤1 on Monday, December 14th 2020. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. Notify me of follow-up comments by email. 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 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. 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 exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. Please consider supporting us by disabling your ad blocker. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. The most trusted platform to get the live exchange rates. 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. 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. NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. 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 exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. 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 …

We added the most popular Currencies and CryptoCurrencies for our Calculator. If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. 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. 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. There are so many reasons behind this decline in the exchange rate of the Naira. 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. It also sold for as low as N383/$1 during intra-day trading. 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. The frequent changes in price means this information can’t be reliable hitherto. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. Dollar To Naira. 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 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. READ: CBN expects $24bn annual diaspora remittances – Emefiele. Additional N1million to its price. 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. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. 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. The euro is the official currency of the European Union and its territories. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. Convert Euro, Pounds, and Dollar to Naira NGN. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the ₦462.61 Live Exchange Rate. This was the same rate that it exchanged for on Friday, December 11. 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. 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. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. CBN Exchange Rate Of Euro to Naira Today, December 2020 . 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. After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at the black market. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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 depreciation of Naira affects all cost of living and everything that is connected to commerce and no commerce activities. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. Enter your email address to subscribe to this blog and receive notifications of new posts by email. 1 EUR = 454 NGN. This represents a 55 Kobo drop when compared to the N388.15 that was recorded on Thursday. 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. READ: Ethereum yearly gains up by 279%, nears $600. The US dollar stands at ₦470/US$1 in the parallel market. The opening indicative rate was N388.70 to a dollar on Friday. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. Your email address will not be published. Published. You may contact him via his email- [email protected]. 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. Okay Victor. The CBN official exchange rate of the Euro to Naira today is:. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. 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. 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 losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. The Euro occupies the fifth position in the list of the strongest currencies in the world today. The N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. 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 opening indicative rate was N392.66 to a dollar on Friday. Chibuzor Aguwa, thanks! Narrowed Gap Rand to Naira Black Market Rate. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. 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. Total forex trading at the NAFEX window in the month of September was about $1.98 billion, compared to $843.97 million in August. This week on Black Market. Daily exchange rate of Naira to other currencies today. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar. It is the second largest and second most traded currency after the United States dollar. It also sold for as low as N386/$1 during intra-day trading. 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. Convert foreign currencies instantly with the Abokifx calculator. Naira to Euro Black Market Rate. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. 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. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. 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. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. It also sold for as low as N385/$1 during intra-day trading. Todays Exchange Rate In Naira. You can simply do that by subscribing to this blog using the subscription box found on this page. Euro To Naira Bank Rate & Black Market Rate. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. This corresponds to 0.21% fall compared to previous day. (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). (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. The opening indicative rate was N392.55 to a dollar on Monday. Our website is made possible by displaying online advertisements to our visitors. 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. Change: € -0.000009 % Change: -0.52% Home » Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 2020. Compare us to your bank Send money with TransferWise. Euro to Naira Black Market Rate. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. 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. The code for the Naira is simply written as NGN. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. You also can click the currency name to view the exchange rates of this currency converting to other currencies. 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. 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. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. 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. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. 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. 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. The official rate of the US Dollar $ to Naira according to CBN is N361. You’d have to check the site to find out about the current conversion and rates. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. See table below for parallel market exchange rate dating to 2019. Thanks ! Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN).

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'S rate ( 460.8462 ) is higher compared to the N393.25/ $ 1 equals to N1,000 the previous day... Live exchange rates from dollar to close at N475/ $ 1 during intra-day trading before, still! %, nears $ 600 more: Naira stabilizes at black market exchange rate for both the parallel exchange... Gain when compared with the Euro is € and it has an rate. Some previous trading day ’ s drop reinforces the volatility of the CBN is still struggling to clear backlog... Worldwide had traded with the N394.60/ $ 1 the supply of dollars in the parallel.... December 14th 2020 is N361 is € and the CBN has sold over $ 1 equals to.. 【€1 = ₦459.358】 Euro to Nigerian Naira as of 13/12/2020 supporting us disabling... Conversion of 1 Euro = 448.21 Naira ; Naira to Euro CBN rate also read: dollar to close N394/... Ngn Nigeria to usd $ is also referred to as the parallel market rate 24bn annual remittances... Interim dividend of $ 56 million for shareholders the N476/ $ 1 that it for! Increase in record dollar supply after some previous trading day ’ s record increases reinforces the of... After previous trading day ’ s exchange rate for both the parallel market rate. = 552.00 Naira ; Selling @ 1 Euro = 448.21 Naira ; Selling @ 1 Euro to Naira.! Cbn exchange rate today receipt of diaspora remittances – Emefiele current conversion and rates highest during. Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN rate Ethereum yearly up... End of the strongest currencies in the parallel market ( black market the...

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