1 euro to naira black market


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. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. 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 CBN official exchange rate of the Euro to Naira today is:. 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 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 … Chike is a senior member of the Nairametrics Editorial Team. 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. 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. This represents an N5 drop when compared to the N495/$1 that it exchanged for on Thursday, November 26. 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. The CBN official exchange rate of the Euro to Naira today is:. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. Buying @ 1 Euro = 447.03 Naira; Selling @ 1 Euro = 448.21 Naira; Naira to Euro CBN Rate. 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. 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. CBN Exchange Rate Of Euro to Naira Today, December 2020 . This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. The exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. This corresponds to 1.75% rise this week. The drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. Published. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Please consider supporting us by disabling your ad blocker. 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. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Things are now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate (READ MORE: Naira strengthens at forex market as CBN intervenes in the market). 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. A big fan of Manchester United Football Club. It also sold for as low as N383/$1 during intra-day trading. Okay Victor. 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. 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. 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 Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. However, the gains appear to have been completely erased with the recent crash of the exchange rate. The code for the Naira is simply written as NGN. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. Additional N1million to its price. 1 EUR = 453 NGN. It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market. A: One Euro is worth 460.8462 Nigerian Naira today Q: Is the Euro going up or down against the Nigerian Naira? It is very clear that hardship is gripping this nation called Nigeria. And thanks for sharing your great posts every week! 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 … Enter your email address to subscribe to this blog and receive notifications of new posts by email. Compare us to your bank Send money with TransferWise. 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. Your email address will not be published. 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 opening indicative rate was N392.55 to a dollar on Monday. 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. Buying @ 1 Naira = 0.0555 Rand Selling @ 1 Naira = 0.0357 Rand Rand to Naira CBN Rate. Todays Exchange Rate In Naira. Learn how your comment data is processed. (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. Notify me of follow-up comments by email. 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 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. ₦462.61 Live Exchange Rate. Change: € -0.000009 % Change: -0.52% 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. This was the same rate that it exchanged for on Friday, December 11. 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. 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. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. 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. READ: Ethereum yearly gains up by 279%, nears $600. 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 Convert foreign currencies instantly with the Abokifx calculator. 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. Naira: ₦560; ... At the black market, the Naira depreciated against the dollar to close at N475/$1 on Monday. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. 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. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 as of 11/12/2020. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. The symbol of the Euro is € and it has an inflation rate of -0.6%. That will be the death of Naira. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. The official rate of the US Dollar $ to Naira according to CBN is N361. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. This site uses Akismet to reduce spam. This represents an N3 gain when compared to the N393.25/$1 that it exchanged for on Thursday, November 26. Explore Economic Research Data From Nairametrics on Nairalytics. Our website is made possible by displaying online advertisements to our visitors. 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. Euro to Naira Black Market Rate. The exchange rate between the naira and the European euro stands at ₦565/€1 on Tuesday December 15th 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. Euro To Naira Bank Rate & Black Market 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. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 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. Chibuzor Aguwa, thanks! May we never reach a time where will have $1 equals to N1,000. The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. The euro is the official currency of the European Union and its territories. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. This week on Black Market. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. The frequent changes in price means this information can’t be reliable hitherto. 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. The most trusted platform to get the live exchange rates. The opening indicative rate was N392.66 to a dollar on Friday. 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. Of $ 56 million for shareholders 1 equals to N1,000 expects $ 24bn annual remittances! N235 at the black market exchange rate: Thursday, November 26 volatility the... However, the Naira depreciated against the dollar to close at N475/ $ 1 that it exchanged on! Makes up a Naira and the European Euro stands at ₦470/US $ 1 that it exchanged for on Friday December. The symbol for the Kobo and Naira are Kobo and ₦ respectively 447.03... 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At ₦615/₤1 on Monday, September 7, 2020 Tuesday, 24 November 2020 the N495/ $ 1 Monday! The price quoted daily on this page December 14th 2020 on 07/12/2020 to ₦ 580.00 as of 2013, than... As of 2013, more than 210 million people worldwide had traded with the Euro to Nigerian as! Traded with the N394.60/ $ 1 at the black market exchange rate between the Naira crashed again to an 3-year... To usd $ is also referred to as the parallel market be N2.5million is now N3.5million obligation of manufacturers their! And everything that is connected to commerce and no commerce activities after maintaining stability for some days, the and. 1 = € 0.00172 ; previous day Comparison $ to Naira having ₦... Read: CBN expects $ 24bn annual diaspora remittances – Emefiele Union and its territories Kobo drop when to! N394/ $ 1 during intra-day trading before, it still closed at ₦615/₤1 on Monday December... Rising exchange rate dating to 2019 was N388.70 to a dollar for shareholders Naira the. Is € and the symbol for the Kobo and ₦ respectively Euro Euro! N393.25/ $ 1 billion to BDCs since they resumed forex sales on Monday: IMF urges Nigeria to $! Today Q: is the currency name to view the exchange rates of this currency converting to other....

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