This is a news about Black Market Euro To Naira Exchange Rate Today 26th January 2022
Welcome to GoldenNewsNg, we have compiled euro to naira exchange rates in Nigeria today including the Black Market rates and Bureau De Change (BDC) rate for today Wednesday 26th January 2022
How Much Are Euro To Naira Exchange Rate Today Official Rate?
The official rate today, Wednesday, January 26th, 2022, for €1 Euro to Naira = ₦467.21/€1.
According to the data from the CBN, the exchange rate between the naira and the Euros opened at ₦467.21/€1 on Wednesday 26th, after it closed at ₦468 to a €1 on Tuesday, 26th January 2022.
The Euros are bought at the official market at ₦467.5851 and sold for ₦468.7123.
What is the Exchange Rate of Euro To Naira in Black Market Today?
The Nigeria black market euro exchange rate today to the Nigerian Naira is as follows:
January 26th euro to naira black market exchange rate: €1 Euro to Naira = ₦635
GoldenNewsNg understands that the local currency opened at ₦630 per €1 at the parallel market otherwise known as the black market, today, Wednesday, 26 January 2022, in Lagos Nigeria, after it closed at ₦635.00 per €1 on Tuesday, 25th January 2022. This represents a change of N5 from the previous day.
Even though the Euro to naira opened in the parallel market at ₦635 per $1 today, GoldenNewsNg reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Note: The exchange rate changes hourly.… it depends on the volume of euro available and the Demands. What it means is that…you can buy or sell 1 euro at ₦635 and the price can change (high or low) within hours.