Naira Gains Massively At Euro Black Market, See New Exchange Rate
Brand News Day Nigeria reports that the Nigerian official currency, on Monday, January 31, 2022, Naira gains massively against the European Euro, days after maintaining the same position at the parallel market otherwise known as the black market.
This online news platform understands that while the naira has gained against European Euro in the black market, on Monday, 31 January 2022.
Black Market Dollar To Naira Exchange Rate Today Monday, January 31, 2022
Black Market Euro To Naira Exchange Rate Today Monday, January 31, 2022
Meanwhile, the exchange rate between the naira and the Euro at the official Investors and Exporters (I&E) window closed at 467.21/$1, while it traded as high as N470/$1 before it balanced to a lower rate.
Naira gained further against the European Euro in the official market since last Friday albeit by 0.02% to close at N467.21/$1 compared to N466.25/$1 recorded in the previous trading session. Starting a new trading week at the N464.21 Nigerian Naira, the CBN Euro to Naira rate.
The exchange rate has maintained an average of Nigerian’s Naira N462. to European Euro since the beginning of the 2022 year.
The good news for the Nigerian’s currency is that the naira gains massively against the Euro in the black market as the current Euro exchange rate decline in the parallel market otherwise known as the black market, in Lagos, Nigeria.
Brand News Day Nigeria in an interview with a Bureau De Change (BDC) operator at the Lagos Island market, on Monday. The player disclosed that the sharpness in the present exchange rate as the naira gains in the market is unclear to him. The Market took a new turn at the late hour of Friday, as the Euro to Naira falls at the black market.
The player disclosed that the Nigerian’s Naira is purchased at ₦620 per $1 and sold for ₦622 per $.1.
Aboki fx is the most trusted source for black market EUR to naira rate today. You can find their exchange rate for today HERE.
Recall that as Naira has fallen, inflation takes over the economy which usually affects the citizens. Meanwhile, Central Bank of Nigeria Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.
What is the current EUR to the naira exchange rate in the parallel market? Well, it may interest you to know that Euro to Naira rate in the black market sometimes varies hugely from the rate on the Central Bank of Nigeria website (www.cbn.gov.ng).
In a similar vein, Brand News Day Nigeria has reported that the local currency opened at ₦620 per €1 at the parallel market otherwise known as the black market, today, Monday, 31 January 2022, in Lagos Nigeria, after it closed at ₦635.00 per €1 on Friday, 28 January 2022. This represents a change of N15 from the previous trading day.
Stanbic IBTC Asset Management has implemented strong measures to safeguard its customers from an alarming…
Michael Owhoko, Ph.D The root cause of Nigeria’s problem is, unarguably, an inappropriate system of…
Stanbic IBTC Pension Managers has launched the third edition of their highly anticipated FUZE Talent…
Stanbic IBTC Holdings, a member of Standard Bank Group, has unveiled the fourth edition of…
Stanbic IBTC Pension Managers has again made a significant mark on Nigeria's cultural landscape by…
NOVA Bank, one of the latest commercial banks in Nigeria, may be experiencing a major…
This website uses cookies.