Exchange Rate – Euro To Naira Black Market Today February 2017

This post is strictly for exchange rate Euro to naira. For People that transact their business in euro or those that receives Euro from abroad, this post is for you which is strictly for Euro to naira Exchange Rate Black Market 2017. 

Nigeria naira is dwindling, things are getting harder for us in this country. Though most business men and women do business in dollar, Euro also plays a role for those that do business in Italy, Spain and France.

EURO TO NAIRA EXCHANGE RATE Today February 2017

The exchange rate is of cbn rate, black market rate and bank rate.

1 EUR TO NAIRA EXCHANGE RATE Today February 2017; CBN RATE

1 Eur – N336.83 Buying Rate 

 1 Eur – N336.83 Selling Rate 

1 EUR TO NAIRA EXCHANGE RATE TODAY February 2017; Black Market

1 Eur –  N490 – Buying Rate 

1 Eur –  N495 –  Selling Rate 

 1 EURO TO NAIRA EXCHANGE RATE TODAY BANK RATE

RATE: N339

If you are looking for the best bank to receive your  Euro, Gtbank, Access bank, diamond Bank and UBA are the best.

They gives better exchange rate than any other bank(s) in Nigeria. If you are making payments online like Facebook or aliexpress or other online payments, i will not recommend you to use Euro but rather dollar with your atm smart card.

 

THE EURO 

The Euro is the currency used in the Euro zone which consist of 19 out of the 28 countries of Europe. These countries includes Belgium, Cyprus, Austria, Germany, France, Finland, Ireland, Finland, Estonia, Italy, Latvia, Greece, Lithuania, Malta, Netherland, Portugal, Slovakia, Slovenia, Spain, Portugal and Luxembourg. It is also been used outside the Euro zone by territories of countries that makes up the Euro.

The Euro is the fifth strongest currency in the world, it is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar.

As of 2013, about 210 million people worldwide had used currencies pegged with the Euro. € is the symbol of the Euro, it is divided into 100 cents, it has an inflation rate of -0.6%.

THE NIGERIA NAIRA 

The Nigerian Naira is the currency of Nigeria. It was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound.

This made Nigeria the last ccountry to abandon the £sd currency system. The currency has ₦ as it symbol and NGN as it code. The Nigerian Naira is going down the drain due to it increasing rate of inflation. The inflation rate of the Nigerian Naira is put at over 17%. The Central Bank of Nigeria is the sole issuer of this legal tender.

This is all from me on [Exchange Rate] Euro To Naira  Black Market Today February 2017. If you have any suggestions or questions to ask please feel free to ask and share your view and thoughts on EURO To Naira Exchange Rate.

1 Comment

  1. By Babajide Komolafe The naira yesterday rose to N375 per dollar in the parallel market in response to increased dollar supply and decline in demand.

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