EUR/NGN
Euro to Naira Black Market Rate Today
Live Euro to Nigerian Naira exchange rate. Black market BDC rate cross-rated from USD and official rate from the Central Bank of Nigeria.
Price history
Parallel market sell rate · daily close
EUR/NGN Rate: Last 30 Days
Euro to Naira black market rate: key facts
As of 4 May, 9:38 pm WAT, BDC operators are buying EUR at ₦1,615.29 and selling at ₦1,628.24. The spread (the difference between buy and sell) is ₦12.95 per EUR. The official CBN rate for EUR/NGN is ₦1,613.72.
Euro to naira for European-based Nigerians
Significant Nigerian communities in Italy, Germany, Ireland, and the Netherlands send euros home regularly. The euro-to-naira rate at Nigerian BDCs is derived from the USD/NGN parallel rate combined with the EUR/USD interbank cross-rate. When the European Central Bank adjusts policy, that feeds through to the naira rate within hours.
Paying for goods from Europe in naira terms
Nigerian importers sourcing machinery, vehicles, or pharmaceuticals from Europe pay in euros. The cost in naira is calculated using the BDC sell rate. Use our converter on this page to get today's exact naira cost for any euro amount before you commit to a purchase.
Official CBN rate vs black market rate for EUR
The CBN publishes an official rate for EUR/NGN through the NAFEM window for regulated transactions. The black market rate is typically higher because official supply cannot meet demand. Today the gap between the two is approximately ₦15 per EUR.
