The Euro to naira exchange rate today, April 16, 2026 which comprises black market, CBN rates, Lemfi rates are hereby compiled by ENigeria Newspaper
On Thursday, April 17 , 2026, the Nigerian Foreign Exchange Market (NFEM) Rate according to actual figures obtained from the Central Bank of Nigeria official trading window, closed at N1,585.08.
How does NFEM Affects Euro to Naira Exchange Rate Today
ENigeria Newspaper reports that NFEM represents the official data of daily average euro to naira exchange rate for buying and selling foreign exchange, and this is driven by market demand and supply. It serves as the primary benchmark rate or official rate for government transactions, international transfers, and formal financial institutions, often reflecting the market-determined rate. NFEM was once known as the I&E Window.
How Much is Euro to Naira Exchange Rate Today April 16, 2026 – Black market (Parallel Market)?
Euro to naira exchange rate today April 16, 2026 -black market rate, popularly known as Aboki FX or parallel market is often determined by real-time demand and supply which may vary by location, the dealer, and level of demand at the time.
Licensed operators bought at the rate of 1,605 from the CBN, however, according to Bureau De Change operators in Lagos, Abuja, Kano and Port Harcourt euro currently trades between, N1,660 – N1680 per euro, this is according to operators who spoke to ENigeria Newspaper correspondents in the mentioned cities.
How Much is Euro to Naira Lemfi Black Market Today?
Lemfi is an international money transfer platform used to send money directly to bank accounts, mobile money wallets and P2P accounts vice versa with zero charges. Transfers usually deliver in minutes.
Mostly used by people in the diaspora, America, United Kingdom, Canada, and several European countries, Lemfi Multi-Currency Wallets, Hold, manage, and convert funds in several currencies, including Euros, British Pounds Sterling, Canadian Dollars, and US Dollars.
ENigeria Newspaper reports that Euro to Naira Lemfi Black Market Today is 1 EUR = 1,628 NGN
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