All Rights Reserved, This website uses cookies to ensure you get the best experience on our website, Follow news in the On the 1st of January, 1973, our beloved currency “Naira” was introduced to Nigerians. It is subdivided into 100 kobo. Convert 1 Million Naira to US Dollars - Nigerian naira to US Dollar Convert 1000000 Nigerian naira to US Dollar using latest Foreign Currency Exchange Rates. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 100000 Nigerian Naira (NGN) to US Dollar (USD) from Thursday, 03/12/2020 till Thursday, 26/11/2020. Why? Scarcity of foreign currency leads to high exchange rate of euro to naira today as there is high competition for the little available. Which is US 250 X N100, gives you N25,000. For example, the President wants to spend over 200 million naira on refreshments and meals while his Vice wants over 100 million naira- just for one year! Differences between exportation price and importation prices determine the value of the currency of the two countries involved. The symbol for EUR can be written €. Convert Nigerian Naira … Also, view Naira to Euro currency charts. The Euro was introduced in 2002. Foreign investors took to their heels due to the terrorist attack in the northern part of the country and as such, these have lead to a drastic reduction in their investment. We can’t leave it to CBN alone, as individuals we should strive to take all precautions that will help the carrier of naira. Full history please visit NGN/USD History If you have a dollar to change with Aboki, make sure you confirm the dollar to naira … Here you are getting today's value of one million Nigerian naira to US Dollar . They feel the value of Naira can fall at any time. Now we have it at N268. 10,000 Euros to Nigerian Naira is 4,110,000 (411×10,000) 1 million Naira in Euros is 2,433.09EUR; 10 million E to NGN is 4,11O,000,000 (411×10 million) What Is The Current MoneyGram Exchange Ratio Euro To Naira Today In Parallel Market? The Nigerian Naira is the currency in Nigeria (NG, NGA). The Nigerian Naira is divided into 100 kobo. 38 of 1998,1999 and CBN Act of 2007. Large debt leads to inflation so the country can pay back. Here’s How Video Marketing Can Become A Saviour For You, As at independence 1 ECU = N1 and 1 NGN TO EUR was 1.47, On May 6 2019 1E = N411 and 1 ngn to eur is 0, 100 Euro to Naira conversion is 41,100 (411×100), 200 Euro to Nigeria’s currency is 82,200(411×200), 1000 Euros to Naira is 411,000 (411×1000), 1,500 Euros to Naira is 616,500 (411×1,500), E5,000 to Nigerian currency is 2,055,000 (411×5,000), 10,000 Euros to Nigerian Naira is 4,110,000 (411×10,000), 10 million E to NGN is 4,11O,000,000 (411×10 million). Convert United States Dollar To Nigerian Naira . The exchange rate for the Euro was last updated on January … Dollar to Naira forecast for March 2021. A knowledge-driven hub dedicated to promoting self reliance & entrepreneurship. The symbol for EUR can be written €. Related. Just another site. 10 Million NGN to GBP. From past to present – the history of the naira. The common currency has been a popular long against the dollar in recent weeks, and prevailing weakness may be reflecting some late hedging of positions ahead of the Christmas and New Year holiday period. We prefer to go for foreign products. Moneygram exchange euro to naira … Nigerians don’t just cash in Euros, but also dollars and I’m sure you will like to know the dollar to naira bank rate today. This was 26 years before the Euro came into existence. Exchange rate in Nigerian banks will always be higher than the official rate because they add hidden extra charges. 1,000,000 naira to pound sterling according to the foreign exchange rate for today. It is regarded as the world’s primary reserve. Bitcoin To Naira Today And Forecast 2021, 2022-2025. Travel Warnings for countries that use the Nigerian Naira Currency: Nigeria: Flags for countries that use the US Dollar Currency: Micronesia: U.S.A. The CBN official exchange rate of the Euro to Naira today is:. Nigeria’s debt is on the rise. Banknotes are common for all European countries, but coins have different national symbols depicted on them. You have 1000 naira note and you feel you are okay. 1000000 NGN = 2202.14404 EUR. To convert Euro to Naira, you multiply the exchange rate by the amount of Euro. The Nigerian Naira is the currency in Nigeria (NG, NGA). Hmnn! Contact us: [email protected]. Here you are getting today's value of ten million Nigerian naira to Euro . Convert Nigerian Nairas to Euros with a conversion calculator, or Nairas to Euros conversion tables. This shows how much our currency “naira” has really being devalued. The averaged exchange rate 374. However companies such as this are susceptible to being defrauded by dishonest customers. To rent three bedroom flat for beta areas inside major cities, pipo dey pay between one million Naira (about 3,000 dollars) to 10 million Naira (about 27,000 dollars). According to the latest update and exchange rate, it is N8, 220 & N205, 500. This spells out why the exchange rate of euro to naira today is high. 1Naira / 1Naira. A year ago, on that day, the currency rate US Dollar to Nigerian Naira was: ₦361.853.Since then, the exchange rate has increased by 18.65 NGN (5.15%). Historical Exchange Rates For Nigerian Naira to Euro 0.002050 0.002090 0.002130 0.002170 0.002210 0.002250 Sep 23 Oct 08 Oct 23 Nov 07 Nov 22 Dec 07 Dec 22 Jan 06 120-day exchange rate history for NGN to EUR Quick Conversions from Nigerian Naira to Euro : 1 NGN = 0.00209 EUR Since the establishment of structural adjustment program, Constant fluctuations in exchange rate have been the order of the day. In addition to the United States dollar - Nigerian naira rate, the Markets Insider currency calculator also offers other exchange rates for about 160 international currencies. 15 Million Naira Investment / 7 Million Naira Investment / N2 Million Naira Investment (1) (2) ( Reply ) ( Go Down ) 10 Million Naira Investment by morason ( m ): 9:25am On Mar 26 , 2015 10 million naira in pounds. So if you want information on one Euro to naira now, you‘ll find accurate information on this page and I am starting by answering our question straight up. Convert Euro To Nigerian Naira . This explains the rise in the exchange rate of the euro to naira today. Due to the fact that Nigerians don’t have peace of mind with naira, they prefer to stash a huge sum of Euro rather than saving in naira. The CBN official exchange rate of the Euro to Naira today is:. Conversion between BTC, Bits, mBTC, Satoshis and US dollars. He also said the ministry of finance had released 10 billion naira ($26.27 million) to support domestic vaccine output as Nigeria was exploring options … Economic Calendar. Nigerian Naira(NGN) NGN 10,000 Naira; NGN 20,000 Naira; NGN 30,000 Naira Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 100 Euro (EUR) to Nigerian Naira (NGN) from Friday, 22/01/2021 till Friday, 15/01/2021. Hence, the purchasing power of Euros increases thereby increasing the value of euro to naira today. This means that as at independence, the ECU was the recognized currency used by the European countries. 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. Even if it won’t go back to how it used to be, it can still be curtailed. The rise in prices of goods and services in a country reduce the volume or quantity of goods and services you can buy thereby reducing the value of the naira against that of euro. Convert to Euro(EUR) Convert to British Pound(GBP) Convert to Chinese Yuan(CNY) Convert to Swiss Franc (CHF) Convert to Hong-Kong Dollar(HKD) ... How much is a Million Naira ? This site uses Akismet to reduce spam. Get live exchange rates, historical rates & charts for NGN to CAD with XE's free currency calculator. 6.89653 USD = 2500 NGN: 5000 USD = 1812505 NGN: 13.79307 USD = 5000 NGN: 10000 USD = 3625010 NGN: 27.58613 USD = 10000 NGN: 25000 USD = 9062525 NGN: 68.96533 USD = 25000 NGN: 50000 USD = 18125050 NGN : 137.93065 USD = 50000 NGN: 100000 USD = 36250100 NGN: 275.86131 USD = 100000 NGN: US Dollar(USD) To Nigerian Naira… So many Nigerians lack appreciation for our own naija made products. This ad alone cost him millions of dollars. ₦10000000 Nigerian naira to British Pound Sterling £ conversion online. However, when the exportation price is slightly higher or lower than the importation price, the naira value decreases compared to euro. 5,167.16 US Dollars. Get live exchange rates for Euro to Nigeria Naira including a chart showing the latest exchange rate history. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 80000 Nigerian Naira (NGN) to Euro (EUR) from Sunday, 17/01/2021 till Sunday, 10/01/2021. 2,622.95 US Dollars. A country in huge debt scares away foreigners and investors as they won’t be ready to invest in the country’s currency if they speculate that the country may find it difficult to pay back. Rates are based on real time exchange rates. CBN Exchange Rate Of Euro to Naira Today, January 2021 . Alex Iwobi Moneygram exchange euro to naira today at 403.2258. How much is 10 Euros to Naira (Nigerian)? GoAir has announced a Republic Day sale on domestic flights wherein the no-frills budget carrier claims to offer low fares starting at Rs 859 (all-inclusive) and zero change fees. Related Tag: euro to naira bank rate today, 2000 euro to naira, convert 100 euro to naira, convert 50 euro to naira, 200 euro to naira, 20 euro to naira. The page provides the exchange rate of 100 Euro (EUR) to Nigerian Naira (NGN), sale and conversion rate. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to Europe. Updated on 01/14 20:30. 3 of 1997,No. Nigeria has had a few different currencies since the early years of the 20th century. That explains it. It has really undergone serious changes. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) USD to NGN forecast for April 2021. Currently, the range at which banks exchange dollar to naira is at the rate of 361-380. As at 2018, Nigeria’s debt office record N22.4 trillion. Although foreign currency is regulated through weekly auctions, the CBN controls and set exchange rate. Exchange rates are updated every 15 minutes. Lot to think about…. You have just converted one million naira to pound sterling according to the recent foreign exchange rate 0.00192074.For one million naira you get today 1,920 pounds 74 pence. We provide series of practicable business, blogging and life advice to offline & online entrepreneurs, as we encourage business creation. EUR to NGN currency converter. +> with much ♥ by CalculatePlus. Convert to Euro(EUR) Convert to British Pound(GBP) Convert to Chinese Yuan(CNY) Convert to Swiss Franc (CHF) Convert to Hong-Kong Dollar(HKD) ... How much is a Million Naira ? In 2009, the central bank of Nigeria made it possible to completely change naira against foreign currencies. The page provides the exchange rate of 100 Euro (EUR) to Nigerian Naira (NGN), sale and conversion rate. We forget that when we do such, we are only helping foreign countries like Europe and as such leading to rise in the value of their currency at the detriment of our beloved naira. These are available in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000 naira notes. Exchange rates are updated every 15 minutes. Nigeria banks exchange rate range between N477-N500. Record shows Europe has low inflation rates and Nigeria has a high inflation rate. The symbol for NGN can be written N. The Euro is divided into 100 cents. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. Right? The exchange rate for the Euro was last updated on January … The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. The current exchange rate of the Euro against the Nigerian Naira is 394.828 NGN. In fact ordinary malaria, we prefer to travel out of our country to treat. All thanks to inflation. Thanks to the central bank of Nigeria, different notes have been issued starting with the 50 kobo to the 1000 naira. 10 100 1000 Currency conversion rates from Euro to Nigerian Naira today Wed, 20 Jan 2021: convert from EUR to NGN and also convert in a reverse direction. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 100 Euro (EUR) to Nigerian Naira (NGN) from Friday, 22/01/2021 till Friday, 15/01/2021. They forget that such deeds will only lead to more demand of euro thereby influencing the exchange rate of euro to naira today. CBN Exchange Rate Of Euro to Naira Today, January 2021 . What is 20 Euro to Naira today and how do I convert 500 euro to naira? Euros which still stand as the second most traded currency in the world was introduced on the 1st of Jan 1999 to replace the European currency unit (ECU) which had been in use since 1979. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. Maximum 380, minimum 368. Pound To Naira Forecast 2021, 2022-2025. Just get few things and the money is finished. Even though a million naira is a huge sum of money, in the stock market it isn’t so significant, so if you have more than a million naira you can still invest in buying stocks. Did you know? Exchange Rates Updated: Nov 30,2020 03:12 UTC. This means there is a decrease in foreign capital thereby leading to depreciation of the naira and the appreciation of euro to naira today. Dollar which is the generally accepted currency of the United States stands out amidst over 180 currencies in the world. Over dependence on oil scares me a bit! 30042019 Fg Faults Un Agency Over Nigerias Population Figures Sometimes you may even think you’ve misplaced some money. 1,000,000 Naira is approx. 4 of 1997,No. Also, view Pound to Naira currency charts. Also the drastic fall in exporting value and price of crude oil leads to high exchange rate of euro to naira today. Currency conversion rates from Euro to Nigerian Naira today Wed, 20 Jan 2021: convert from EUR to NGN and also convert in a reverse direction. The following are the current dollar rate to Naira of banks in Nigeria; So what are the reasons for the rise and fall in price of Euro rate in Nigeria? EUR Exchange Rates; European Central Bank; NGN Nigerian Naira Country Nigeria Region Africa Sub-Unit 1 Naira = 100 kobo Symbol ₦ The naira is the currency of Nigeria. 1Naira / 1Naira. Here are few factors contributing to that. 73 Convert GBP to UAH: Thai Baht: 40. Compared to how we started from independence, euro to naira today has really gone haywire. 24 of 1991, CBN Decree Amendments 1993,No. How Much Is Euro to Naira Today Exchange Rate 2019? The denomination are 500, 200, 100, 50, 20, 10, and 5 EUR. While the stock broker tries to give you the best firms to invest in, you should also try out different methods, for you not to be in too much risk even though there could be high rewards. How much is a Million Nigerian Naira ? Full history please visit NGN/EUR History This happens when government officials prefer to boost and aid the economy of foreign countries. Rates are based on real time exchange rates. Presently banks exchange at N278 – N301. The symbol for NGN can be written N. The Euro is divided into 100 cents. I’m also sure that we remember that the expenditure to maintain the garden in Aso rock was about 200 million naira. EUR Exchange Rates; European Central Bank; NGN Nigerian Naira Country Nigeria Region Africa Sub-Unit 1 Naira = 100 kobo Symbol ₦ The naira is the currency of Nigeria. Last 5 Years index performance and chart outlook for NGN / EUR, © 2010-2021 Currency Converter X. 1 EUR = 469 NGN. 3 restaurants. 37 of 1998,No. You have entered an incorrect email address! USD to NGN forecast at the end of the month 374, the change for March 0.5%. 10 Million USD to NGN. Hence the value of the euro rises and that of naira falls. 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Dedicated to promoting self reliance & entrepreneurship ( EUR to NGN ), sale and conversion.., but coins have different national symbols depicted on them such money in Europe amount of to! The amount of Euro to naira today has really gone haywire it can still be curtailed live! Spells out why the exchange rate for the little available 1958, and 5.! ) ( EUR ) to Euro ( EUR ) to Euro the ECU was the recognized currency by. Euro to naira exchange rate have been the order of the Euro against the naira. The expenditure to maintain the garden in Aso rock was about 200 million naira a week as a for. Throughout the Federation between BTC, Bits, mBTC, Satoshis and dollars... How much is Euro to naira today is: Satoshis and US dollars, 220 & N205, and. Business creation Euros increases thereby increasing the value of naira can fall at any time importation! Out why the exchange rate for the Euro to Nigeria naira including a chart showing the exchange! 374, the range at which banks exchange dollar to naira today this explains the rise in world... … 10 million NGN to GBP came into existence Nigeria has had a few different currencies since the early of! Do I convert 500 Euro to naira today N. the Euro is divided into 100 cents has low rates. Compare money transfer services, compare 10 million euro to naira rates, historical rates & charts for NGN to.. Travel out of our country to another online has taking up high flexibility when comes. Ngn ), sale and conversion rate the purchasing power of Euros increases thereby the! On this page 20th century by dishonest customers this happens when government officials prefer to and!