Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 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 represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. A big fan of Manchester United Football Club. Selling We used 0.002229 International Currency Exchange Rate. Thanks ! It also sold for as low as N386/$1 during intra-day trading. Buying @ 1 Naira = 0.00223 Euro The Euro occupies the fifth position in the list of the strongest currencies in the world today. Converted to. Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN). If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … Chike is a senior member of the Nairametrics Editorial Team. The sharp increase in dollar supply after the previous trading day’s drop reinforces the volatility of the foreign exchange market. ll 【€1 = ₦459.358】 euro to Nigerian naira rate today. 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. This level of hardship can result to depression and possible death by suicide. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. 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 READ: Airtel earmarks a total interim dividend of $56 million for shareholders. Change: € -0.000009 % Change: -0.52% 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. Buying @ 1 Rand = 18.00 Naira Selling @ 1 Rand = 28.00 Naira Naira to Rand Black Market Rate. However, the gains appear to have been completely erased with the recent crash of the 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. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. Naira to Euro Black Market Rate. The Euro is the currency used by countries found located in the Eurozone of continent Europe. 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. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. Explore Economic Research Data From Nairametrics on Nairalytics. This corresponds to 1.75% rise this week. 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 rate had also closed at ₦540/€1 on Tuesday, November 17th 2020.

We added the most popular Currencies and CryptoCurrencies for our Calculator. 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. Things are now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million. Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. Free online currency conversion based on exchange rates. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. 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! Learn how your comment data is processed. The exchange rate between the naira and the British pound sterling stands at ₦615/₤1 on Tuesday, December 15th 2020. See table below for parallel market exchange rate dating to 2019. Buying @ 1 Naira = 0.00184 Euro Selling @ 1 Naira = 0.00181 Euro ; Euro to Naira CBN Rate. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate. 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. This week on 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. 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. That will be the death of Naira. You’d have to check the site to find out about the current conversion and rates. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 1 EUR = 453 NGN. 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. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. It also sold for as low as N383/$1 during intra-day trading. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. 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 rate had also closed at ₦470/US$1 on Monday, December 14th 2020. The most trusted platform to get the live exchange rates. He has worked in research and marketing departments of three top commercial banks. Buying @ 1 Euro = 543.00 Naira; Selling @ 1 Euro = 552.00 Naira; Naira to Euro Black Market Rate. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. Our website is made possible by displaying online advertisements to our visitors. Compare us to your bank Send money with TransferWise. The symbol of the Euro is € and it has an inflation rate of -0.6%. Not just the death but obituary and funeral of Naira. The euro is the official currency of the European Union and its territories. Daily exchange rate of Naira to other currencies today. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. Chibuzor Aguwa, thanks! Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. 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 frequent changes in price means this information can’t be reliable hitherto. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. 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. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? READ: CBN expects $24bn annual diaspora remittances – Emefiele. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. 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 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 Naira is the currency used by Nigeria, which is the biggest black nation in Africa. 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 Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. 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: 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. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 2020. 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. 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. 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. 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. Currency converter The converter shows the conversion of 1 euro to Nigerian naira as of Tuesday, 24 November 2020. Rand to Naira Black Market Rate. ₦462.61 Live Exchange Rate. 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. (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). 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. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. As you go about transacting, let's give you a few hints and fact about Euro. Convert foreign currencies instantly with the Abokifx calculator. Todays Exchange Rate In Naira. 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. 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]. At the segment of the foreign exchange market on Tuesday, the domestic currency depreciated by N10 against the A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. The opening indicative rate was N388.70 to a dollar on Friday. This site uses Akismet to reduce spam. Euro To Naira Bank Rate & Black Market Rate. May we never reach a time where will have $1 equals to N1,000. The N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. This corresponds to 0.21% fall compared to previous day. NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. 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. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. You also can click the currency name to view the exchange rates of this currency converting to other currencies. 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. It also sold for as low as N385/$1 during intra-day trading. Convert Euro, Pounds, and Dollar to Naira NGN. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. 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. 1 EUR = 454 NGN. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. There are so many reasons behind this decline in the exchange rate of the Naira. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. The opening indicative rate was N392.66 to a dollar on Friday. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances. Your email address will not be published. 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 … This is a daily tracker and updated close of business. Narrowed Gap 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.

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