Euro to Naira Black Market Rate

Euro to Naira Black Market Rate
Kindly share this:

Exchange Rate Euro to Naira in Black Market Today

The Euro to Naira Black Market rate for today in Lagos, Nigeria is ₦ 800.00 as of 27 January 2023.

1 EUR = ₦ 800.00

To convert Euro to Naira using the black market for various sums is shown below.

What is the Euro to Naira rate in the Black (Parallel) Market today?

The rates often vary slightly from city to city in Nigeria such as in Abuja, Lagos, Port Harcourt, Kano, and Calabar. Usually, this difference is not more than ₦ 2.00.

How much is 1 Euro to Naira in Lagos Nigeria black (parallel) market today? 

1 Euro to Naira in the black market today is ₦ 800

How much is 5 Euro to Naira in Lagos Nigeria black market today? 

5 Euro to Naira in the black market today is ₦ 4 000

How much is 10 Euro to Naira in Lagos Nigeria black market today? 

10 Euro to Naira in the black market today is ₦ 8 000

How much is 50 Euro to Naira in Lagos Nigeria black market today? 

50 Euro to Naira in the black market today is ₦ 40 000

How much is 100 Euro to Naira in Lagos Nigeria black market today? 

100 Euro to Naira in the black market today is ₦ 80 000

How much is 150 Euro to Naira in Lagos Nigeria black market today? 

150 Euro to Naira in the black market today is ₦ 120, 000

How much is 200 Euro to Naira in Lagos Nigeria black market today? 

200 Euro to Naira in the black market today is ₦ 160 600

How much is 500 Euro to Naira in Lagos Nigeria black market today? 

500 Euro to Naira in the black market today is ₦ 400 000

How much is 1000 Euro to Naira in Lagos Nigeria black market today? 

1000 Euro to Naira in the black market today is ₦ 800 000

How much is 2000 Euro to Naira in Lagos Nigeria black market today? 

2000 Euro to Naira in the black market today is ₦ 1 600 000

How much is 5000 Euro to Naira in Lagos Nigeria black market today? 

5000 Euro to Naira in the black market today is ₦ 4 000 000

How much is 10000 Euro to Naira in Lagos Nigeria black market today? 

10000 Euro to Naira in the black market today is ₦ 8 000 000

 

Check out other Euro to Naira rates below:

Buying and Selling Euro and Naira Black Market Terminologies Defined

The buying rate refers to the amount in Naira that one receives after exchanging his/her 1 Euro in any of the market segments that is the Central Bank of Nigeria, FX Market, Nigerian Banks, Western Union, MoneyGram, or from the black market traders.

The selling rate is the reverse of the buying rate which is the value the traders in the above markets will sell 1 Euro to you when you pay in Naira, and it is always higher than the buying rate.

Transacting in foreign currencies requires a clear understanding of these basic terminologies.

The Euro (EUR)

The Euro (EUR) is generally accepted as a universal currency for international trade in Nigeria. A subunit of the EUR is known as 1 Cent, and the symbols of Cent and Dollar are (¢) and € respectively.

Euro is the monetary unit and currency of the European Union( EU). It is issued by the European Central Bank for use by countries in the eurozone. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

The Nigeria Naira (NGN)

The official currency used by Nigeria is known as the Naira and its subunit is called 1 kobo. The Central Bank of Nigeria issues and regulates the currency. The symbol for the Naira is ₦, while the code is NGN.

 

Kindly share this: