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🇳🇬 NGN to 🇪🇺 EUR Exchange Rate

Convert Nigerian Naira to Euro using the live indicative interbank rate and the converter below. Covers the cost of sending to Eurozone via the major mobile money apps.

1 NGN = 0.00 EUR

Updated 2026-06-04

Currency converter

You convert
🇳🇬NGN
Receives
🇪🇺0.06EUR
1 NGN = 0.00 EUR · Updated 2026-06-04 00:00

NGN → EUR conversion table

NGNEUR
5000.32
1,0000.63
2,0001.26
5,0003.16
10,0006.31
25,00015.78
50,00031.55
100,00063.10
250,000157.75
500,000315.50
1,000,000631.00

Table computed at the indicative rate of 1 NGN = 0.00 EUR. Real operator-side values include a 1%-4% spread.

About the Nigerian Naira

The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.

About the Euro

The Euro (EUR, €) is the official currency of 20 European Union member states and the anchor of one of the most consequential fixed-peg arrangements in African monetary history. The Euro is issued by the European Central Bank in Frankfurt and is the second-largest reserve currency after the USD. Two African monetary unions — the West African Economic and Monetary Union (UEMOA / XOF) and the Central African Economic and Monetary Community (CEMAC / XAF) — peg their CFA francs to the EUR at the fixed rate of 655.957 CFA = 1 EUR. The peg has been in continuous operation since the 1999 introduction of the Euro, and replaced the prior French franc peg. For diaspora remitters in France, Belgium, Italy, Spain, Portugal and Germany, the EUR is the dominant send currency for the WAEMU and CEMAC corridors.

Related pairs

EUR → NGNNGN → USDEUR → USDNGN → GBPEUR → GBPEUR → EUR

FAQ

What is the NGN/EUR exchange rate today?
The indicative rate is 1 NGN = 0.00 EUR, updated 2026-06-04. This is an interbank mid-market reference; mobile money operators apply their own spread on top.
How much is 100 NGN in EUR?
100 NGN ≈ 0.06 EUR at the indicative rate. For 500 NGN: 0.32 EUR. Use the converter above to try other amounts.
What's the best way to send Nigerian Naira to Eurozone?
For NGN to Eurozone transfers, compare Sendwave, LemFi, WorldRemit, TapTap Send, Wise and traditional bank rails. The fee structure varies by amount and receiving method.
Is the Euro a stable currency?
The Euro (EUR, €) is the official currency of 20 European Union member states and the anchor of one of the most consequential fixed-peg arrangements in African monetary history. The Euro is issued by the European Central Bank in Frankfurt and is the second-largest reserve currency after the USD.
Why is the rate I see on my mobile money operator different?
The rate shown here is an indicative interbank mid-market reference. Operators (Sendwave, M-Pesa, MTN MoMo, LemFi, etc.) add a 1%-4% spread on top of this mid-market to cover their risk and operational cost. This is normal and consistent with market practice.

Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Eurozone, see the inbound corridor comparison.