When you convert the 31416 Euro to Nigerian Naira, you get 56,157,356.64 NGN, using the rate of 0.0006 EUR for 1 NGN. This is the parallel market rate obtained using the black market average from sources outside the CBN.
You can use the currency converter above to check Euro rates and it’s NGN equivalent. . See also our USDT to Naira rates.
| Currency Conversion | Black Market Rate in Naira |
|---|---|
| 31416 Euros to Naira | 56,157,356.64 |
| 31416 Dollars to Naira | 54,748,977.36 |
| 31416 Tether USD to Naira | 54,475,972.32 |
| 31416 British Pounds to Naira | 66,041,898.384 |
Last 7 days, 31416 Euro was traded for 56,157,347.64 NGN, yesterday it went for 56,157,355.14 NGN, and today it averages 56,157,356.64 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 31416 Euros against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 16th November 2024 | €31416 = 56,157,356.64 Naira |
| Friday, 15th November 2024 | €31416 = 56,157,355.14 Naira |
| Thursday, 14th November 2024 | €31416 = 56,157,353.64 Naira |
| Wednesday, 13th November 2024 | €31416 = 56,157,352.14 Naira |
| Tuesday, 12th November 2024 | €31416 = 56,157,350.64 Naira |
| Monday, 11th November 2024 | €31416 = 56,157,349.14 Naira |
| Sunday, 10th November 2024 | €31416 = 56,157,347.64 Naira |
| Amount in Euro | Naira Equivalent (NGN) |
|---|---|
| 1 Euro to Naira | 1,787.54 |
| 10 Euro to Naira | 17,875.4 |
| 20 Euro to Naira | 35,750.8 |
| 30 Euro to Naira | 53,626.2 |
| 40 Euro to Naira | 71,501.6 |
| 50 Euro to Naira | 89,377 |
| 60 Euro to Naira | 107,252.4 |
| 70 Euro to Naira | 125,127.8 |
| 80 Euro to Naira | 143,003.2 |
| 90 Euro to Naira | 160,878.6 |
| 100 Euro to Naira | 178,754 |
| 200 Euro to Naira | 357,508 |
| 300 Euro to Naira | 536,262 |
| 500 Euro to Naira | 893,770 |
| 700 Euro to Naira | 1,251,278 |
| 1,000 Euro to Naira | 1,787,540 |
| 1,500 Euro to Naira | 2,681,310 |
| 2,000 Euro to Naira | 3,575,080 |
| 3,000 Euro to Naira | 5,362,620 |
| 5,000 Euro to Naira | 8,937,700 |
| 10,000 Euro to Naira | 17,875,400 |
The Euro (€) is the official currency of the Eurozone, used by 20 of the 27 European Union countries. In Nigeria, the Euro is often traded on the black market due to strict government controls on foreign exchange, leading to significantly higher unofficial exchange rates compared to the official rates, as individuals and businesses seek to bypass regulations and access foreign currency more easily.
The Nigerian Naira (NGN) is the official currency of Nigeria, issued and regulated by the Central Bank of Nigeria. It is subdivided into 100 kobo and is symbolized by ₦.