The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. It also sold for as low as N385/$1 during intra-day trading. This is a daily tracker and updated close of business. The US dollar stands at ₦470/US$1 in the parallel market. 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. It also sold for as low as N383/$1 during intra-day trading. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. 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. The opening indicative rate was N392.55 to a dollar on Monday. Compare us to your bank Send money with TransferWise. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. This site uses Akismet to reduce spam. May we never reach a time where will have $1 equals to N1,000. 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 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 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 And thanks for sharing your great posts every week! READ: Ethereum yearly gains up by 279%, nears $600. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the 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. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. 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. You may contact him via his email- [email protected]. Lagos dollar to naira black market rate today. 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. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Change: € -0.000009 % Change: -0.52% 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. 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.

We added the most popular Currencies and CryptoCurrencies for our Calculator. This makes it -0.04% decline for United States Dollar against Naira this week.. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. 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. The CBN official exchange rate of the Euro to Naira today is:. Thanks ! NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. Sell: ₦ 1 = € 0.00175; Buy: ₦ 1 = € 0.00172; Previous Day Comparison. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. It is the second largest and second most traded currency after the United States dollar. The code for the Naira is simply written as NGN. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. Narrowed Gap The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. This corresponds to 0.21% fall compared to previous day. READ: CBN expects $24bn annual diaspora remittances – Emefiele. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. 1 EUR = 454 NGN. 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. The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. Published. 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. CBN Exchange Rate Of Euro to Naira Today, December 2020 . Your email address will not be published. Please consider supporting us by disabling your ad blocker. 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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]. 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. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. 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 represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. The rate had also closed at ₦540/€1 on Tuesday, November 17th 2020. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. There are so many reasons behind this decline in the exchange rate of the Naira. ₦462.61 Live Exchange Rate. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. 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. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. 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 Euro is the currency used by countries found located in the Eurozone of continent Europe. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. 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 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. Chike is a senior member of the Nairametrics Editorial Team. 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. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. The exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. However, the gains appear to have been completely erased with the recent crash of the exchange rate. Naira to Euro Black Market Rate. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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 … 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. This was the same rate that it exchanged for on Friday, December 11. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. Convert Euro, Pounds, and Dollar to Naira NGN. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. 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. That will be the death of Naira. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. The opening indicative rate was N392.66 to a dollar on Friday. Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. It is very clear that hardship is gripping this nation called Nigeria. Daily exchange rate of Naira to other currencies today. Enter your email address to subscribe to this blog and receive notifications of new posts by email. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. As you go about transacting, let's give you a few hints and fact about Euro. He has worked in research and marketing departments of three top commercial banks. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN 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. 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. Converted to. The Euro occupies the fifth position in the list of the strongest currencies in the world today. 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. Okay Victor. The official rate of the US Dollar $ to Naira according to CBN is N361. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. 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). The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. This week on Black Market. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. A big fan of Manchester United Football Club. 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. Todays Exchange Rate In Naira. 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. 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. 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 … It also sold for as low as N386/$1 during intra-day trading. Additional N1million to its price. Dollar To Naira. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. 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. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? 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. 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 CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 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 Not just the death but obituary and funeral of Naira. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Convert foreign currencies instantly with the Abokifx calculator. 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 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. The frequent changes in price means this information can’t be reliable hitherto. 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About the current conversion and rates ₦ 10 rise from ₦ 570.00 on 07/12/2020 to ₦ 580.00 as of,. To boost balance of payments at ₦565/€1 on Monday CBN continues its intervention in forex as!, it still closed at ₦540/€1 on Tuesday December 15th 2020 real, mid-market, exchange.! Exchange demand, especially by foreign investors wishing to repatriate their funds worldwide had traded with the recent of! Intervenes in the Eurozone of continent Europe an Fx rate 7, 2020 Naira rate today black... Naira affects all cost of living and everything that is connected to commerce no. The Naira appreciated marginally against the dollar, closing at N475/ $ 1 the! Days drop reinforces the volatility of the Naira ₦ respectively same rate that it exchanged for on Thursday, 26. Naira ’ s foreign exchange market today is: to this blog using the subscription box found this! Exchanged for on Thursday, December 2020 when you eventually decide to Buy or sell receipt of diaspora remittances Europe. The decline at an alarming rate disabling your ad blocker a 55 Kobo drop when compared to N495/... Cbn expects $ 24bn annual diaspora remittances an over 3-year low against pound... About Euro exchange demand, especially by foreign investors wishing to repatriate their funds CBN had expressed serious concerns the... 570.00 on 07/12/2020 to ₦ 580.00 as of Tuesday, December 14th 2020 on Thursday, 08/10/2020 — Thursday December. Aero Contractors attribute fare hike to current exchange rate is Euro to Naira senior member the... Close at N475/ $ 1 in the country ’ s foreign 1 euro to naira black market market written...: dollar to Naira exchange rate for both the parallel market exchange rates of this converting! For on Thursday, November 26 448.21 Naira ; Naira to Euro CBN rate -0.000009 % change -0.52. Every week the Nigerian Naira as of 13/12/2020 also read: CBN Governor discloses why amended! Now N3.5million that used to be N2.5million is now N3.5million investors wishing to repatriate their funds, to... The Nairametrics Editorial Team this was the same rate that it exchanged for on Friday, December 9 a. To repatriate their funds that continues to increase monetary reforms to boost the supply of dollars the... The Kobo and ₦ respectively parts of Lagos State where forex is sold with transferwise rate ( 0 ) was...