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 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) This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Please consider supporting us by disabling your ad blocker. 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. It is the second largest and second most traded currency after the United States dollar. Learn how your comment data is processed. Convert Euro, Pounds, and Dollar to Naira NGN. 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. 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. 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. This corresponds to 0.21% fall compared to previous day. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Additional N1million to its price. Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. The Euro occupies the fifth position in the list of the strongest currencies in the world today. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. The N400.37 to a dollar was the highest rate during intra-day trading before, it still closed at N390.25 to a dollar.

We added the most popular Currencies and CryptoCurrencies for our Calculator. ₦462.61 Live Exchange Rate. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. It is very clear that hardship is gripping this nation called Nigeria. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. However, the gains appear to have been completely erased with the recent crash of the exchange rate. You also can click the currency name to view the exchange rates of this currency converting to other currencies. The most trusted platform to get the live exchange rates. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). The CBN official exchange rate of the Euro to Naira today is:. This makes it -0.04% decline for United States Dollar against Naira this week.. 1 EUR = 454 NGN. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? 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. Rand to Naira Black Market Rate. 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. 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. Todays Exchange Rate In Naira. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. This corresponds to 1.75% rise this week. Converted to. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. The US dollar stands at ₦470/US$1 in the parallel 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. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. The Euro is the currency used by countries found located in the Eurozone of continent Europe. This site uses Akismet to reduce spam. Compare us to your bank Send money with TransferWise. The opening indicative rate was N388.70 to a dollar on Friday. Things are now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million. 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 = 453 NGN. Naira to Euro Black Market Rate. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. You may contact him via his email- [email protected]. 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. CBN Exchange Rate Of Euro to Naira Today, December 2020 . Chibuzor Aguwa, thanks! The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. 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. Your email address will not be published. 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. The symbol of the Euro is € and it has an inflation rate of -0.6%. 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. The CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. Convert foreign currencies instantly with the Abokifx calculator. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. 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. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. See table below for parallel market exchange rate dating to 2019. 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 N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. The exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. It also sold for as low as N383/$1 during intra-day trading. It also sold for as low as N385/$1 during intra-day trading. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. READ: Ethereum yearly gains up by 279%, nears $600. Lagos dollar to naira black market rate today. 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. The price quoted daily on this page represents the average price obtained by our Research Team. After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at the black market. Euro to Naira Black Market Rate. Free online currency conversion based on exchange rates. 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. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. Dollar To Naira. 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. READ: CBN expects $24bn annual diaspora remittances – Emefiele. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. 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 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 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. 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 represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. 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. 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. Change: € -0.000009 % Change: -0.52% Published. The CBN official exchange rate of the Euro to Naira today is:. Thanks ! The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. This level of hardship can result to depression and possible death by suicide. 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. (READ MORE: Naira stabilizes at black market as CBN continues its intervention in forex market). The official rate of the US Dollar $ to Naira according to CBN is N361. Notify me of follow-up comments by email. 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 … READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. Not just the death but obituary and funeral of Naira. 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. 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. 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. This is a daily tracker and updated close of business. This represents a 55 Kobo drop when compared to the N388.15 that was recorded on Thursday. 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 … This week on Black Market. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 2020. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 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 History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the It also sold for as low as N386/$1 during intra-day trading. 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 opening indicative rate was N392.66 to a dollar on Friday. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. 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. Our website is made possible by displaying online advertisements to our visitors. The euro is the official currency of the European Union and its territories. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. 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. 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. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. 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 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. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … 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. 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. 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]. 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. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. The depreciation of Naira affects all cost of living and everything that is connected to commerce and no commerce activities. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. 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. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate Chike is a senior member of the Nairametrics Editorial Team. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. May we never reach a time where will have $1 equals to N1,000. 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.

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