Euro to Naira Exchange Rate ( Black Market & CBN) Today, May 2023

If you are eager to have accurate information on the exchange rate of Euro to Naira in the black market today and also the official CBN rate of Euro to Naira today, then you will get all the information you needed on this page. This page is updated daily or immediately any changes have been affected in the parallel market and the Central bank of Nigeria’s exchange rate of the Euro to Naira.

The Euro (EUR)

The Euro is the currency used by countries found located in the Eurozone of continent Europe. The countries that make use of the Euro currency include; Austria, Belgium, Germany, France, Finland, Estonia, Italy, Greece, Malta, Portugal, Netherlands, Spain, Slovakia, Slovenia, Luxembourg, etc.

The Euro occupies the fifth position in the list of the strongest currencies in the world today. The Euro is the second-largest reserve currency and also the second most traded currency in the world today after the United States Dollar (USD). Records have it that as of 2013, more than 210 million people worldwide had traded with the Euro currency. The symbol of the Euro is € and it has an inflation rate of -0.6%.

The Nigeria Naira (NGN)

The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. The Nigerian Naira has maintained a stand of being one of the strongest currencies in Africa during the 20th century, but getting to the 21st century especially in recent times, things have really changed negatively. The Nigerian NAIRA foreign exchange rate has been on the decline at an alarming rate. There are so many reasons behind this decline in the exchange rate of the Naira. A hundred Kobo makes up a Naira and the symbol for the Kobo and Naira are Kobo and ₦ respectively. The code for the Naira is simply written as NGN.

Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN)

Euro To Naira Exchange Rate in Black Market Today, May 2023

The exchange rate of the Euro to Naira in the black market today is as follows:

Buying rate: 1 EUR at 790 NGN

Selling rate: 1 EUR at 815 NGN

CBN Exchange Rate Of Euro to Naira Today, May 2023

The CBN official exchange rate of the Euro to Naira today is:

1 EUR = 507 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.

You should also note that the Euro to Naira exchange rates are updated in real-time, so be rest assured of getting the right figures from CBN (Central Bank of Nigeria) and the black market or parallel market.