Todays Exchange Rate In Naira. (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. Call 09038456231 Euro to Naira Exchange Rate Today 2019 [Black Market] – Current Exchange Denmark and the United Kingdom was the only European Union member states to opt-out of using the euro as currency. 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. This had not helped the Naira. 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. There are also some amazing facts about it, we do not know about. Nigeria as a country lacks economic diversification and only depends on the income gotten from oil. Related Tag: euro … 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 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. Greece has been part of the eurozone, the area comprised of nations that have adopted the euro since 2001. In contrast, we export little to nothing compared to what we import. The history of this currency started with the acceptance of the Maastricht Treaty. They come in 5, 10, 20, 50, 100, 200, and other denominations. Ads: Get Admission into 200 Level and Study any Course in any University of Your Choice. 4. 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. 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 … 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. The Euro currency was launched or introduced as an accounting currency on January 1, 1999. How do you think the euro has affected the economic growth in European countries? 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. TransferWise gives you the real, mid-market, exchange rate, so you can make huge savings on international transfers. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. 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. This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? 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. Indeed, some factors come into play to put the FX the Naira at such a drowning position. 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. The Naira against the pound at the BDCs and black market sold for N307 and N314 respectively. In 1973, the naira was replaced by the pound at a rate of 2 naira = 1 pound. Converted to. You’d have to check the site to find out about the current conversion and rates. 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. This makes a 1.75% rise for EUR rate against Naira this week. Low Fees | No JAMB UTME. To date, 16 European Union member countries, and approximately 329 million people use the euro. I hope we have done justice to our Post on ” Abokifx Black Market Exchange Rate Today Dollar Euro Pounds Naira … Nigerian Naira Rates & Inflation 2019 Full Year Review, Nigerian Naira Rates & Inflation 2019 1st Half Review, EURO to Naira rate recently moves upwards 0.01% in, EURO to Naira rate recently moves downwards 0.34% in, Euro to Naira exchange rate has the lowest value of ₦ 1.20 at, Euro to Naira exchange rate has the highest value of ₦ 580.00 at. The two parallel lines through the centre signify stability. 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 Many Nigerians prefer foreign goods and services to our local products and services. The EUR was actually launched in 11 countries as a virtual currency used only for non-cash and electronic transactions on Jan 1, 1999. The Euro has actually helped the economic market and it has made a great impact. Date (YYYY-MM-DD) USD (Buy/Sell) GBP (Buy/Sell) EUR (Buy/Sell) 2020-12-11 ₦ 470.00 Euro To Naira Exchange Rate In Black Market Today 2020 – 1 Eur to NGN – If you are wondering how much is euro to Naira exchange rate in the black market, then NaijaQuest is here for you…, While the exchange rate of Naira to Euro today in parallel market is € per One Naira. The symbol on the euro was based on the Greek epsilon character, representing “E” for Europe. Slovakia was the most recent country to adopt the currency doing so in 2009, Sweden is excepted to be the next. Euro, the official currency of European Union, is the second most exchanged currency with Nigerian Naira. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Now below are some interesting facts about the Euro, I think we should all know about it. 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