We added the most popular Currencies and CryptoCurrencies for our Calculator. Converted to. There are also eight different denominations of coins. Even with all of these, the euro has helped a lot and besides not all countries in the EU union have accepted it, due to some effects it will have on the economy. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. United Arab Emirates Dirham is being traded at ₦155 in Black Market (Lagos) today, December 12, 2020.AED started this week at ₦155 in Black Market on Monday, December 07, 2020. Other countries participated by fixing their domestic currencies to the Euro, the event which took place, and means that local currencies were not allowed to fluctuate against the Euro and against each other. naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira, moneygram, western union DECEMBER 12, 2020 Pound Sterling Set for an Explosive Monday Session vs. Euro and Dollar - POUND STERLING LIVE DECEMBER 12, 2020 Nigeria’s Buhari Disputes Lawmakers’ Power to Summon Him - BLOOMBERG DECEMBER 12, 2020 Nigerian military in firefight with gang who kidnapped students - REUTERS DECEMBER 12, 2020 Four hundred Nigerian pupils go missing after armed motorcycle-riding … In contrast, we export little to nothing compared to what we import. EURO is being traded at ₦580 in Black Market (Lagos) today, December 13, 2020.EURO has been traded at ₦570 when Black Market opened this week on Monday, December 07, 2020. This act though frowned upon by the Government, Nigerians still practice it, and this had in turn been the reason for the declining value of Naira. To date, 16 European Union member countries, and approximately 329 million people use the euro. OBSESSION FOR FOREIGN PRODUCTS AND SERVICES. Low Fees | No JAMB UTME. Each European currency banknote has a standard design on one side and a country-specific design on the other (. They come in 5, 10, 20, 50, 100, 200, and other denominations. Date (YYYY-MM-DD) USD (Buy/Sell) GBP (Buy/Sell) EUR (Buy/Sell) 2020-12-11 ₦ 470.00 There are also some amazing facts about it, we do not know about. Convert foreign currencies instantly with the Abokifx calculator. DECEMBER 12, 2020 Pound Sterling Set for an Explosive Monday Session vs. Euro and Dollar - POUND STERLING LIVE DECEMBER 12, 2020 Nigeria’s Buhari Disputes Lawmakers’ Power to Summon Him - BLOOMBERG DECEMBER 12, 2020 Nigerian military in firefight with gang who kidnapped students - REUTERS DECEMBER 12, 2020 Four hundred Nigerian pupils go missing after armed … dollar to naira, euro to naira, naira, pounds to naira The woes of Nigerian currency, the Naira continued on Monday as it suffered a severe defeat against the dollar in all the major segments of the market At the interbank segment of the market, the naira lost 53 kobo to … The Euro has actually helped the economic market and it has made a great impact. THE EXCESSIVE DEMAND FOR FOREIGN CURRENCIES IN THE COUNTRY. The 6 points listed above are some of the major reasons why the euro to naira exchange rate in the black market today is very high. Get daily MoneyGram exchange rates from dollar to naira, pounds to naira and euro to naira. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Black Market Rate Western Union Rate MoneyGram Rate Nairabarter Blog Nigerian Naira Exchange Rates Convert British Pound to Naira ( GBP - NGN) Currency Summary Chg. 24H: … The most trusted platform to get the live exchange rates. AbokiFX is an application which provides daily updates and information on the black market FX rate for the Naira against Dollar, Pound, Euro and other major world currencies. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. In 1973, the naira was replaced by the pound at a rate of 2 naira = 1 pound. Denmark and the United Kingdom was the only European Union member states to opt-out of using the euro as currency. The European Central Bank is authorized to issue euro banknotes and coins. (adsbygoogle = window.adsbygoogle || []).push({}); Euro To Naira Exchange Rate In Black Market Today, December 2020, DOLLAR TO NAIRA EXCHANGE RATE TODAY BLACK MARKET, GTBank Exchange Rate Today Dollar To Naira { Euro Pounds }, Pounds To Naira Exchange Rate In Black Market Today, Canadian Dollar To Naira Exchange Rate Today Black Market & Official Rate, Travelex Nigeria Worldwide – Rates, Fees, Branch, Contact Address and More. Abokifx is one of the best websites to consult when looking for information about exchange rates of foreign currencies to the naira. On its launch, it replaces the old national currencies. You’d have to check the site to find out about the current conversion and rates. The rates shown below are the Black market exchange rate of the dollar against the Nigerian Naira. Euro To Naira Bank Rate & Black Market Rate The frequent changes in price means this information can’t be reliable hitherto. EURO to Naira exchange rate is set as ₦460.636 by Central Bank of Nigeria (CBN) today, December 12, 2020.Initial EUR rate was noted as ₦460.37 at the beginning of this week on Monday, December 07, 2020. Many Nigerians prefer foreign goods and services to our local products and services. There are seven different banknotes. Euro to Naira … I believe above here are some important facts you can know about the euro. Although during the time of the launch of the currency, there were some problems which were faced during then like the euro has taken away the interest rate as a tool of the fiscal policy, if the local economy slows, this means that the local government cannot lower the interest rates to stimulate growth. Traders in Nigeria who are willing to go deeper beyond the arena of stock trading would find themselves in a big world of currency markets. It means our importers would demand more of foreign currencies, therefore, raising their value at the expense of our own Naira. This had not helped the Naira. This is, in fact, one of the primary reasons why Naira is losing its value in the world market. Live Euro to Nigerian Naira Exchange Rate (EUR/NGN) Today This Euro to Nigerian Naira conversion tool allows you to compare the live inter-bank currency rate … The local currency plunged against the US dollar to almost three years low two weeks […] The Euro currency was launched or introduced as an accounting currency on January 1, 1999. People in Nigeria are used to searching for the euro to Naira exchange rate in the black market, and even pounds to Naira black market. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. Name it is it education, construction, writings or what have you, this single act had strengthened the foreign currency against our own Naira. Now with the falling price of oil in the global market as oil had been discovered in other parts of the world, the value of Naira would continue to fall with a response to the fall of the oil price except if we diversify our economy. History of exchange rate: Thursday, 08/10/2020 — Thursday, 15/10/2020. Related Tag: euro … It is a Nigerian website and focuses on enlightening the visitors about the current exchange rates of foreign currencies. Euro, the official currency of European Union, is the second most exchanged currency with Nigerian Naira. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? CBN Exchange Rate Of Euro to Naira Today, December 2020 The CBN official exchange rate of the Euro to Naira today is:1 EUR = 454 NGN 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. Each country’s national central bank is responsible for producing and circulating them. It is crucial we try our best to stop the Naira from devaluation to protect our dignity and respect as a country by encouraging more exportation, consumption of local goods and services, and prevention of public officers from looting our national funds. N50 notes were not introduced until 1991. I hope we have done justice to our Post on ” Abokifx Black Market Exchange Rate Today Dollar Euro Pounds Naira … 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. In recent years a number of related formal models for time varying variance have been developed so in this research, we are incorporating a univariate model to justify truly whether past values of Nigeria (naira) against the Nigeria as a country lacks economic diversification and only depends on the income gotten from oil. Naira Exchanges at N465 to a US Dollar on the Black Market The Nigerian Naira remained under pressure at N465 to a United States dollar on the black market following the Central Bank of Nigeria (CBN)’s Naira-USD exchange rate adjustment. Naira Currency Converter - Get daily market exchange rates of US Dollar, Euro, and Pounds to Nigeria Naira including charts showing the latest exchange rate history. AbokiFX is a Nigerian online site application platform which provides daily updates and information on the parallel market (black market) foreign exchange rate for the Naira. The rate at which we import is quite alarming, we import almost everything and anything they can. Some of these reasons would be discussed below and would be advice-able for us as Nigerians to tackle them before it gets out of hand. Indeed, some factors come into play to put the FX the Naira at such a drowning position. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. This website uses cookies to ensure you get the best experience on our website. The history of this currency started with the acceptance of the Maastricht Treaty. The symbol on the euro was based on the Greek epsilon character, representing “E” for Europe. Black Market (Lagos) exchange rates for Naira today are Sell rates: USD ₦ 475, EUR ₦ 580, GBP ₦ 625, CAD ₦ 362, ZAR ₦ 27, GHS ₦ 85, RMB ₦ 70, AUD ₦ 293, XOF ₦ 0.86, XAF ₦ 0.78, and AED ₦ 155 Buy rates: USD ₦ 470, EUR ₦ 570, GBP ₦ 615, CAD ₦ 330, ZAR ₦ 20, GHS ₦ 75, RMB ₦ 50, AUD ₦ 245, XOF ₦ 0.8, XAF ₦ 0.7, and AED ₦ 120 This article will show you some facts about the Euro currency, you do not know about, but let’s look at a brief history before we know some amazing facts about this currency. Now below are some interesting facts about the Euro, I think we should all know about it. The 6 points listed above are some of the major reasons why the euro to naira exchange rate in the black market today is very high It is crucial we try our best to stop the Naira from devaluation to protect our dignity and respect as a country by encouraging more exportation, consumption of local goods and services, and prevention of public officers from looting our national funds. Related Tag: euro to naira bank rate today, 2000 euro to naira, convert 100 euro to naira, convert 50 euro to naira, 200 euro to naira, 20 euro to naira. ABUJA: Nigerian naira eased 0.85% on the black market on Friday to 470 against the dollar as demand pressure resurfaced on the unofficial currency market, in … Now, these are some facts, what are your take on this. Todays Exchange Rate In Naira. The idea of establishing a single currency in Europe was approved upon the signing of the Maastricht Treaty on Feb 7, 1992. The Naira appreciated against the dollar to close at N440/$1 on Tuesday. 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. It, however, exchanged against the Euro at N235 at the BDCs, while it sold for N237 at the black market. 4. Some businesses in Nigeria now prefer to collect their charges in foreign currencies like the dollars, pounds or euros rather than the currency of the land. Naira Currency Converter - Get daily market exchange rates of US Dollar, Euro, and Pounds to Nigeria Naira including charts showing the latest exchange rate history. We all know about the Euro, although it’s not actually an old currency like the dollar. market. Every day, the global economic, foreign exchange rates between countries are extremely volatile. Political instability, skewed government policies, terrorism, and other vices had made many foreign, and even local investors lost interest in the country’s economy, this in itself had devalued the Naira. Todays Exchange Rate In Naira. The two parallel lines through the centre signify stability. This makes no movement for Emirati Dirham rate against Naira this week. What then do you think is the implication of this? Euro banknotes and coins for public use weren’t introduced until Jan 1, 2002. Selling We used 0.002229 International Currency Exchange Rate. Over the years, government officials had looted our public fund and instead of them to invest this to at least better the economy, they take this money to foreign countries. At first, the Euro was launched as electronic currency, it later became a cash currency and also a legal tender on January 1, 2002. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. The local currency has been strengthened especially in the black market as the Central Bank of Nigeria introduces some measures targeted at exporters and importers in order to try to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. Naira Exchange Rate Today – Black Market and CBN Rate In order not to get you confused, let’s move to the core of the issue. This makes a 1.75% rise for EUR rate against Naira this week. The roots of the Euro existed a long time ago in the European Monetary System in 1979 which involved the creation of the European currency unit. Slovakia was the most recent country to adopt the currency doing so in 2009, Sweden is excepted to be the next. Euro to Naira exchange rate is ₦ 570.00 in Black Market, ₦ 462.42 in CBN, ₦ 582.00 in BDC, ₦ 1.20 in Moneygram, ₦ 445.13 in Western Union, ₦ 458.30 in FX Market, and ₦ 486.00 in Access Bank EURO to Naira rate recently

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