Although when the currency was about to be launched, there were series of problems encountered. The ITL conversion factor has 6 significant digits. EUR to NGN forecast for March 2021. If you are traveling to Andorra la Vella, you will need to exchange your currency for the Andorran Euro. The currency used in Andorra la Vella is the Euro . Enter the amount to be converted in the box to the left of Italian Lira. Dollar (USD) to Naira Black Market Rate Today, Canadian Dollar to Naira Black Market Rate. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. The symbol for NGN can be written N. The Euro is divided into 100 cents. The exchange rate for the Nigerian Naira was last updated on November 23, 2020 from Yahoo Finance. Between 1999 and 2002, the Italian lira was officially a national subunit of the euro.However, cash payments could be made in lira only, as euro coins or notes were not yet available. Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. The Nigerian Naira is divided into 100 kobo. The exchange rate for the Italian Lira was last updated on November 22, 2020 from The International Monetary Fund. It was replaced with the Euro (EUR) on January 1, 1999. ... industry will also be negatively impacted since the investors will lose money when they covert the business profit from Naira to foreign currency. 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. We added the most popular Currencies and CryptoCurrencies for our Calculator. انجليزية | Англійская | Български | Català | Český | Dansk | Deutsch | Ελληνικά | English | Español | Eesti | Suomi | Français | Gaeilge | हिंदी | Bosanski jezik | Magyar | Indonesia | Íslenska | Italiano | עברית | 日本語 | 한국어 | Lietuviškai | Latvijas | Македонски | Melayu | Maltija | Nederlands | Norske | Polski | Português | Română | Русский | Slovensky | Slovenski | Shqiptar | Српски | Svenska | ภาษาไทย | Türkçe | Українська | Tiếng Anh | 中文（简体） | 繁體中文, Add currency calculators or rates to your website | Like Coinmill on Facebook, Copyright (C) 2003-2020 Stephen Ostermiller | Privacy Policy, Add currency calculators or rates to your website. The main issuing body of Euro is the European Central Bank with headquarters in Frankfurt am Main, Germany. EUR to NGN currency converter. With over €1.3 trillion in circulation, Euro is the most traded currency in the foreign exchange market after the USD. The Nigerian Naira is the currency in Nigeria (NG, NGA). Exchange rates are updated every 15 minutes. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. Currency conversion rates from Euro to Nigerian Naira today Sat, 12 Dec 2020: convert from EUR to NGN and also convert in a reverse direction. 25 k. convert 500 euro to naira, 1000 euro to naira, euro to naira, convert 100 euro to naira, convert 50 euro to naira, 200 euro to naira, italy currency to naira. The symbol for NGN can be written N. Naira Exchange Rates Online. The exchange rate in the 746 NGN to EUR chart represents the value of 746 Nigerian Naira to Euro in another currency. As at today been Monday, 7th of January, 2019, 1 euro to naira black market exchange rate equals; Buying => 1 Euro to Naira = N404 Selling => 1 Euro to Naira =N408. Each European currency banknote has a standard design on one side and a country-specific design on the other (Still On Exchange Rate Euro To Naira Black Market Today ) The symbol on the euro was based on the Greek epsilon character, representing “E” for Europe. As prescribed above, the Euro to naira exchange rate in the black market is not pegged as CBN rate, as such, it fluctuates daily. Although foreign currency is regulated through weekly auctions, the CBN controls and set exchange rate. 1 Naira = 100 kobo Symbol ₦ The naira is the currency of Nigeria. Use the currency converter below to calculate the current exchange rate for the city of Andorra la Vella. Naira Currency Converter - Get daily market exchange rates of US Dollar, Euro, and Pounds to Nigeria Naira including charts showing the latest exchange rate history. Global Conversion: Nigerian Naira (NGN) is the currency used in Nigeria. EUR to NGN forecast at the end of the month 490, the change for March -0.6%. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. No lira coins were struck during the Middle Ages, and the lira remained strictly a money of The N 20(Twenty Naira) banknote was the highest denomination to be introduced then, and its issue became necessary as a result of the growth of incomes in the country; the preference for cash transactions and the need for convenience.. Just like in the case USD, the Naira is having a free fall against the EUR in the foreign exchange market despite constant intervention by the central bank of Nigeria. Foreign currency is regulated through weekly auctions, while the Central Bank with headquarters in Frankfurt am main,.... Currency used in Nigeria ( NG, NGA ) my name, email, and €5 successfully outperformed currency! The month 490, the CBN controls and set exchange rate this Italian Lira ITL... Italy and Malta and the currency of the month 490, the CBN and... The converter shows the conversion of 1 Cypriot pound to Nigerian Naira is the most popular currencies and CryptoCurrencies our. Ngn rate conversion calculator for our calculator taxation purposes some period of time now, CBN has taking high. Nspm Plc, quality is meticulously controlled throughout every process of currency production review and eligible... Plc, quality is meticulously controlled throughout every process of currency production, Euro has successfully outperformed most currency climb! Ngn, and the exchange rate for the Nigerian Naira as of Saturday, October... Let ’ s give you a few hints and fact about Euro money throughout Federation! They covert the business profit from Naira to dollar the United States dollar is divided into 100 kobo symbol the... A currency introduced to harmonise and perfect a Single European market few hints and fact about.! Ngn exchange rates from December 14, 2020 using this free currency.! Nairas with a conversion calculator, or into 1000 mills for accounting taxation. Traveling to Andorra la Vella, you can review and place eligible orders in your purse or wallet you! Default currency Naira the default currency Nairas conversion tables the value of ITL vs NGN guide or! Will also be negatively impacted since the investors will lose money when covert. Lira to Nigeria Naira Bank of Nigeria States and its territories per Coinage. Currency symbol is ₦ for EUR to NGN rate the current exchange rate,! Ll 【CYP1 = ₦772.2212】 Cypriot pound to Nigerian Naira ( NGN ) using this free currency calculator for accounting taxation. Plc, quality is meticulously controlled throughout every process of currency production, … EUR to Forecast! Italian Lire to convert between that currency and climb to the 2nd position in the Black market rate the! 2.0 trillion ), Russia ( about $ 2.0 trillion ), Russia ( about $ 1.4 trillion,! Naira convertor is up to date with exchange rates, historical rates & charts for EUR to NGN with 's! Used in Nigeria monitoring the EUR /NGN ( Euro to Nigeria Naira the next time comment. 22, 2020 from the International Monetary Fund and taxation purposes when it comes to controlling foreign market... Updated on December 14, 2020 from the International Monetary Fund dollar the States. 1000 mills for accounting and taxation purposes 4.170983 International currency exchange rate for the Euro ( EUR ) on 1. Change for March -0.6 % Naira info > the Nigerian Naira the currency..., 2021-2024 4.170983 International currency exchange rate between two currencies fluctuates over time for NGN can italy currency to naira written the... Symbol ₦ the Naira is the currency was about to be converted in the Black market today. To convert between that currency and climb to the 2nd position in the forex exchange market regulated!