October 28, 2016: How much is euro in black market today

Welcomimg you today to newsbeatportal.com where you will get information on the current Nigeria Black market exchange rates of dollar to naira, pound and naira, and the euro vs naira.

For more updated rates, click on our latest black market update page below.

Euro Exchange Rate – EUR Rate to Nigeria Naira Exchange Rate – NGN rate in black market:

28/10/2016: 490/ 504

On Friday October 7, 2016, Travelex commenced the sales of FOREX to Bureau De Change operators in the country, and immediately started selling directly to travellers to further boost liquidity in the market and aid economic activities.

According to Aminu Gwadabe, the president of the Association of Bureau De Change Operators, improvement in the Naira value would discourage the patronage of unlicensed parallel market traders.

He also confirmed that “About 1,700 bureaux de change are currently accessing $15,000 each from Travelex every week and we expect the improved dollar liquidity in the market to have positive impact on the value of the naira.”

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