You’d have to check the site to find out about the current conversion and rates. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. Learn how your comment data is processed. The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. 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. 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. 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. However, the gains appear to have been completely erased with the recent crash of the exchange rate. 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. 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. Our website is made possible by displaying online advertisements to our visitors. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. 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. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. 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. The opening indicative rate was N388.70 to a dollar on Friday. 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. 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Narrowed Gap Convert Euro, Pounds, and Dollar to Naira NGN. Please consider supporting us by disabling your ad blocker. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. 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. 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 … The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. 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 Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. Dollar To Naira. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the May we never reach a time where will have $1 equals to N1,000. The opening indicative rate was N392.55 to a dollar on Monday. The symbol of the Euro is € and it has an inflation rate of -0.6%. It also sold for as low as N383/$1 during intra-day trading. READ: Ethereum yearly gains up by 279%, nears $600. Your email address will not be published. This corresponds to 1.75% rise this week. This is a daily tracker and updated close of business. 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 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. As you go about transacting, let's give you a few hints and fact about Euro. 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 Euro is the currency used by countries found located in the Eurozone of continent Europe. Buying @ 1 Naira = 0.00223 Euro 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 rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. Converted to. Published. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. This represents a 55 Kobo drop when compared to the N388.15 that was recorded on Thursday. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? That will be the death of Naira. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. Home » Euro to Naira Exchange Rate ( Black Market and CBN) Today, December 2020. 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. You may contact him via his email- [email protected]. 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. 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. Thanks ! READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. 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. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? The Euro occupies the fifth position in the list of the strongest currencies in the world today. The CBN official exchange rate of the Euro to Naira today is:. Euro to Naira Black Market Rate. This site uses Akismet to reduce spam. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. (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. 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 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. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Currency converter The converter shows the conversion of 1 euro to Nigerian naira as of Tuesday, 24 November 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. There are so many reasons behind this decline in the exchange rate of the Naira. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. 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. Naira to Euro Black Market Rate. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. 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. He has worked in research and marketing departments of three top commercial banks. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. 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