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Euro to naira exchange rate today 26 October 2021

FELLOW PRESS brings you news on the Euro to naira exchange rate today 26 October 2021.

This comprises of euro to naira exchange at the CBN, official forex rate, and Black Market rate.

 

How much is Euro to Naira Exchange at CBN Rate?

 

According to available data from the CBN, euro to naira exchange rate bought at ₦475.9574 and sold at ₦476.5378, making an average of  ₦477.1183 for 1 on Monday 25 October.

How Much Is Euro To Naira Exchange Rate Today Official Rate?

 

The official rate today, Monday October 26, for $1 euro to naira = ₦476.81844/€1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and euro and other currencies.

How much is exchange rate of Euro to Naira in Black Market today?

 

According to Abuja Parallel Market as available with the Bureau De Change (BDC), Euro to naira as at Tuesday October 26 opened at ₦670 to €1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

This suggested that the black market or parallel market is not recommended by the apex bank.

Meanwhile, the Central Bank of Nigeria (CBN) finally launched its the country’s digital currency, eNaira.

President Muhammadu Buhari unveiled it to Nigerians at the presidential villa in Abuja.

The governor of CBN, Godwin Emefiele also revealed that 33 banks have already joined the eNaira platform.

He also said as it minted 500m worth of the electronic currency, expressing enthusiasm it will help stabilize the payment system.

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