Euro to Naira Rate Today: EUR/NGN Black Market and Official Rate
The Euro to Naira exchange rate today is ₦1,534.75 per €1 in the official market. In the parallel market, monitored selling rates range from ₦1,595 to ₦1,600 per €1, with an average sell rate of ₦1,596.67. The current parallel-market reference rate is approximately ₦1,600 per €1.
This page provides the latest EUR/NGN official rate, parallel-market rate, Euro buy and sell rates, the difference between the two markets, and Naira conversion values to help you compare available exchange rates.
Parallel-market reference: ₦1,600/€
Official rate: ₦1,534.75/€
Buy range: ₦1,560–₦1,580/€1
Sell range: ₦1,595–₦1,600/€1
Average sell: ₦1,596.67/€
Parallel-market premium: 4.03%
Euro to Naira Rate Today
Official Euro to Naira Rate
The official EUR/NGN exchange rate is ₦1,534.75 per €1. At this rate, 1 Euro is worth ₦1,534.75.
The official rate serves as the reference rate for the formal market and may differ from rates offered by individual banks, authorized providers, and other exchange channels.
Euro to Naira Black Market Rate
The current Euro to Naira black-market rate is approximately ₦1,600/€1. Monitored parallel-market selling rates range from ₦1,595 to ₦1,600/€1.
The parallel-market figure is an indicative benchmark and should not be treated as a guaranteed transaction rate.
How Much Is 1 Euro in Naira Today?
At the official rate:
€1 = ₦1,534.75
At the current parallel-market reference rate:
€1 ≈ ₦1,600
To calculate the Naira value of any amount of Euro, multiply the Euro amount by the applicable exchange rate.
For example:
€1 × ₦1,600 = ₦1,600
Black-Market Euro to Naira Conversion
Using the current parallel-market reference rate of ₦1,600 per €1:
| Amount | Nigerian Naira |
|---|---|
| €1 | ₦1,600.00 |
| €10 | ₦16,000.00 |
| €20 | ₦32,000.00 |
| €50 | ₦80,000.00 |
| €100 | ₦160,000.00 |
| €500 | ₦800,000.00 |
| €1,000 | ₦1,600,000.00 |
Conversion formula: € amount × ₦1,600 = Naira value.
These figures are reference calculations. The actual amount received or paid may differ because individual dealers can quote different rates and may apply transaction charges.
Official EUR/NGN Conversion Today
Using the official rate of ₦1,534.75 per €1:
| Amount | Nigerian Naira |
|---|---|
| €1 | ₦1,534.75 |
| €10 | ₦15,347.50 |
| €20 | ₦30,695.00 |
| €50 | ₦76,737.50 |
| €100 | ₦153,475.00 |
| €500 | ₦767,375.00 |
| €1,000 | ₦1,534,750.00 |
Conversion formula: € amount × ₦1,534.75 = Naira value.
For example:
€100 × ₦1,534.75 = ₦153,475.00
Therefore, 100 Euro is worth ₦153,475.00 at the official reference rate.
Euro Buy and Sell Rate Today
The buy rate is the rate a dealer offers when buying Euro from you. The sell rate is the rate a dealer charges when selling Euro to you.
This distinction is important when comparing exchange rates:
- If you are selling Euro, compare dealer buy rates and look for the higher rate.
- If you are buying Euro, compare dealer sell rates and look for the lower rate.
The monitored EUR/NGN rates are:
| Market Indicator | EUR/NGN Rate |
|---|---|
| Lowest buy rate | ₦1,560/€1 |
| Highest buy rate | ₦1,580/€1 |
| Average buy rate | ₦1,571.67/€1 |
| Lowest sell rate | ₦1,595/€1 |
| Highest sell rate | ₦1,600/€1 |
| Average sell rate | ₦1,596.67/€1 |
The monitored buy rates range from ₦1,560 to ₦1,580 per €1, while sell rates range from ₦1,595 to ₦1,600 per €1.
Official Rate vs Parallel-Market Rate
The official EUR/NGN rate is ₦1,534.75 per €1, compared with an average parallel-market selling rate of ₦1,596.67.
| Comparison | Rate |
|---|---|
| Official EUR/NGN rate | ₦1,534.75/€1 |
| Average parallel-market sell rate | ₦1,596.67/€1 |
| Difference | ₦61.92/€1 |
| Parallel-market premium | 4.03% |
The average parallel-market selling rate is 4.03% higher than the official rate.
What Does This Difference Mean for €100?
At the official rate:
€100 × ₦1,534.75 = ₦153,475.00
Using the average parallel-market selling rate:
€100 × ₦1,596.67 = ₦159,666.67
The difference is approximately ₦6,192. Using the rounded parallel-market reference of ₦1,600, €100 would be approximately ₦160,000.
Is the Naira Getting Stronger Against the Euro?
Compared with the previous official rate of ₦1,534.75/€1, today’s official rate remains ₦1,534.75/€1. The change is ₦0.00 per €1 (0.00%), meaning the rate is unchanged over the comparison period. The parallel-market reference is unchanged at approximately ₦1,600/€1.
Euro to Naira Rate: What the Current Rates Mean for You
The most relevant rate depends on whether you are buying or selling Euro.
If You Are Selling Euro
Use the dealer buy rate when comparing offers. A higher buy rate generally means you receive more Naira for the same amount of Euro.
The monitored buy rates today range from ₦1,560 to ₦1,580 per €1.
If You Are Buying Euro
Use the dealer sell rate when comparing offers. A lower sell rate generally means you need fewer Naira to purchase the same amount of Euro.
The monitored sell rates today range from ₦1,595 to ₦1,600 per €1.
For an actual transaction, confirm the current quote with your bank, authorized provider, or dealer immediately before exchanging money. Fees, commissions, transfer charges, and other transaction costs can affect the final amount.
Euro to Naira Historical Rates
The table below preserves recent daily EUR/NGN data so you can compare the official rate, average parallel-market rates, and the current reference rate over time. Historical figures are snapshots saved from the rates entered for each market date.
| Date | Official | Avg. Buy | Avg. Sell | Reference |
|---|---|---|---|---|
| Sep 9, 2026 | ₦1,534.75/€1 | ₦1,571.67 | ₦1,596.67 | ₦1,600 |
| Sep 8, 2026 | ₦1,534.75/€1 | ₦1,571.67 | ₦1,596.67 | ₦1,600 |
Historical data is retained as a record of the rates available on each saved date. Parallel-market quotations are indicative and may differ from actual transaction rates.
Today’s EUR/NGN Exchange Rate Summary
| Market Indicator | Today’s Rate |
|---|---|
| Official EUR/NGN rate | ₦1,534.75/€1 |
| Parallel-market reference | ≈ ₦1,600/€1 |
| Average parallel-market buy | ₦1,571.67/€1 |
| Average parallel-market sell | ₦1,596.67/€1 |
| Difference | ₦61.92/€1 |
| Parallel-market premium | 4.03% |
Bottom Line
The Euro to Naira exchange rate today is ₦1,534.75 per €1 at the official reference rate, while the current parallel-market reference is approximately ₦1,600 per €1.
The monitored parallel market shows buy rates of ₦1,560–₦1,580 per €1 and sell rates of ₦1,595–₦1,600 per €1.
If you are selling Euro, compare dealer buy rates and look for a competitive higher offer. If you are buying Euro, compare dealer sell rates and look for a competitive lower offer. Always confirm the actual rate, fees, and charges before completing an exchange.
Rate Methodology
The official rate used in this report is the stated official EUR/NGN reference rate. Parallel-market quotations are manually entered from Aboki FX, Talentbase.ng, and Monierate.
The plugin calculates the average buy and sell rates from the available source quotations. The parallel-market reference is calculated by rounding the average sell rate to the nearest ₦10 unless a custom reference rate has been entered.
All Naira conversion figures are direct calculations based on the stated exchange rates. Parallel-market quotations are indicative and can change during the day, so the rate available from an individual dealer may differ from the figures shown on this page.
Market date: September 9, 2026
Official rate date: September 8, 2026
Currency pair: EUR/NGN
Market: Nigerian official and parallel market
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