Black Market Euro to Naira exchange rate today Today Tuesday, February 1 2022, has emerged and has been obtained by BrandNewsDay.
Brand News Day Nigeria reports that this page will keep our readership up-to-date with the CBN Euro to naira daily exchange rate alongside the Euro to naira black market is known as the parallel market which is managed by the Burea De Change (BDC).
Moving on, this page focuses on the black market euro to naira exchange rate and we know our readers will love to know how much is the Pounds to naira today in Black Market, hence, we have sourced the figures from various Bureau De Change (BDC) markets in Lagos, Nigeria’s commercial city to give you the exact euro to naira black market today.
Euro to Naira Black Market rate: Here is the current EUR to Naira rate today. See CBN & black market exchange rate for Euro to naira Aboki fx. You change your EUR to naira at these rates or convert Euro to naira at the latest black market rate or parallel market.
So many Nigerians prefer to exchange their foreign currencies, especially the European Euro to naira using the black market because the exchange rate is very high compared to what the bank offers.
The black market commonly referred to as the Aboki market rate for Euros is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN).
The CBN Exchange rate is the rate you can buy or sell Euros for naira listed on CBN Euro to naira website.
If you want to know the current black market rate, here is the page to find that.
As a result of the high demand in the search query for the Euro to naira exchange rate, it becomes important to bring to your notice. BrandNewsDay, however, states that this page concentrates solely on the Euro to naira today black market rate.
Aboki fx Euro to naira exchange rate has also been added here so you can easily verify each of the rates for the currencies you want to exchange in the parallel markets.
Aboki fx is the most trusted source for black market EUR to naira rate today. You can find their exchange rate for today here.
As Naira is falling, inflation takes over the economy which usually affects the citizens. 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).
Brand News Day Nigeria reports that the local currency opened at ₦620 per €1 at the parallel market otherwise known as the black market, today, Tuesday, February 1 2022, in Lagos Nigeria, after it closed at ₦635.00 per €1 on Monday, 31 January 2022. This represents a change of N15 from the previous trading day.
Here are some frequently asked questions on Euro to Naira Black Market Exchange Rate Today.
The price listed above is the current Euro to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed.
Euro to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rates normally would always be lower than what is obtainable in the black market.
Exchange Rate of €1 to Naira = ₦464.21 Nigerian Naira
The table below shows the official/CBN rate of the European Euro to Naira.
| Conversion rates Euro / Nigerian Naira | |
|---|---|
| 10 EUR | 4406.13000 NGN |
| 20 EUR | 8812.26000 NGN |
| 50 EUR | 22030.65000 NGN |
| 100 EUR | 44061.30000 NGN |
The symbol € is based on the Greek letter epsilon (Є), with the first letter in the word “Europe” and with 2 parallel lines signifying stability. The ISO code for the euro is EUR.
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