Euro to Naira Black Market Exchange Rate Today August 2022

How much is a euro to Naira today 2022 in black market exchange and CBN Exchange rate as of the month August 2022.

The month of August started with a sad news to Naira as Naira experienced another drastic fall against Euro.

In this article, I will quickly take a review of the current euro to naira black market exchange rate as exchanged today by bereau de changers and black market dealers.

So If you want to buy or sell euro in Nigeria via commercial bank through black market, then this is information will help you to know much you should sell or buy it.

Note: we wish to inform you that the black-market buying and selling of euro in Nigeria are against the Central Bank of Nigeria’s financial laws and policies and it is greatly frowned at.

As such, we advise greatly advise all euro buyers and sellers to stick to the central bank (CBN) exchange rate and always do well to buy and sell with authorized dealers like the commercial banks.

That being said, let’s find out how much a Euro is exchanged (both buying and selling) to Naira at the black market exchange rate in August 2022.

How much is Euro to Naira Black Market Rate Today August 2022?

While the month of July was packing it’s load, the month of August came with another turn around as Euro gains more advantage over Naira.

As of the month of August 2022, 1 euro at the black market exchange rate (bereau de change and unofficial buyers and sellers) is sold at averagely ₦680. Meanwhile, the CBN rate still stands at ₦451.

As at this time in the month of August 2022, 1 Euro is exchanging between ₦680 to ₦700 in the black market according to the reports from buyers and sellers.

Recommended: Dollar to Naira Black market exchange rate

Euro to Naira Exchange rate Yesterday

As of yesterday, 1 euro at the black market (unofficial buyers and sellers) was sold on average of ₦680 while the CBT rate still stood at ₦451.

How much is 1 Euro to Naira 2022?

Since the beginning of January 2022, the Central Bank of Nigeria (CBN) Euro to Naira exchange rate had averagely remained at ₦450 per EUR 1.

The rate at which the Euro (EUR) exchanges to Naira at the black market has been fluctuating since January 2022 especially as the Central Bank has ordered a stop to black-market euro exchange.

According to the black market (unofficial buyers and sellers), the black market exchange rate for euro to Naira had averagely remained at ₦620.

Our Take on Euro to Naira Black Market Exchange

We wish to use this opportunity to advise all our users not to rely on the black market exchange (unofficial buyers and sellers) Euro to Naira exchange rate as it is against the Central Bank of Nigeria (CBN) financial policies.

Please, we encourage buyers and sellers to stick to the central bank (CBN) exchange rate as it is the only recognized exchange rate for Euro to Naira in Nigeria and it is implemented by the CBN to help stabilise our economy and currency value.

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