EUR to NGN Exchange Rate Today
Euro to Nigerian Naira conversion for Europe's 400,000+ Nigerian community. Track live EUR/NGN rates for remittances to Lagos, Abuja, PH.
1000 EUR =
1,556,048.91NGN
1 NGN = 0.0006 EUR
Loading comparison...
Compare money transfer service fees for the best rates
EUR to NGN conversion table
Common amounts at the current mid-market rate of 1 EUR = 1,556 NGN.
| EUR | NGN |
|---|---|
| 1 EUR | 1,556 NGN |
| 5 EUR | 7,780 NGN |
| 10 EUR | 15,560 NGN |
| 25 EUR | 38,901 NGN |
| 50 EUR | 77,802 NGN |
| 100 EUR | 155,605 NGN |
| 500 EUR | 778,024 NGN |
| 1,000 EUR | 1,556,049 NGN |
| 5,000 EUR | 7,780,245 NGN |
| NGN | EUR |
|---|---|
| 1 NGN | 0.0006 EUR |
| 5 NGN | 0.0032 EUR |
| 10 NGN | 0.0064 EUR |
| 25 NGN | 0.0161 EUR |
| 50 NGN | 0.0321 EUR |
| 100 NGN | 0.0643 EUR |
| 500 NGN | 0.3213 EUR |
| 1,000 NGN | 0.6427 EUR |
| 5,000 NGN | 3.21 EUR |
Mid-market rate — the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 EUR
Nobody converts at the mid-market rate. At 1 EUR = 1,556 NGN, a perfect conversion of 1,000 EUR would be 1,556,049 NGN. Here is what 14 services would really send, fee and exchange-rate margin included.
| Service | Their rate | Fee | You get |
|---|---|---|---|
| WorldRemitcheapest | 1,556 | — | 1,556,049 NGN |
| TransferGo | 1,556 | — | 1,556,049 NGN |
| Ria Money Transfer | 1,556 | — | 1,556,049 NGN |
| Sendwave | 1,556 | — | 1,556,049 NGN |
| Western Union | 1,556 | 2.99 EUR | 1,551,396 NGN |
| Paysend | 1,556 | 4.00 EUR | 1,549,829 NGN |
| MoneyGram | 1,549 | 1.49 EUR | 1,546,350 NGN |
| Instarem | 1,546 | — | 1,545,935 NGN |
| Xoom | 1,549 | 2.09 EUR | 1,545,638 NGN |
| Wise | 1,556 | 7.62 EUR | 1,544,194 NGN |
| XE | 1,540 | — | 1,540,488 NGN |
| Taptap Send | 1,540 | — | 1,540,488 NGN |
| Revolut | 1,532 | 11.50 EUR | 1,514,162 NGN |
| OFX | 1,526 | 9.83 EUR | 1,511,310 NGN |
On 1,000 EUR, the gap between the best and worst option here is 44,738 NGN — the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer, not a live quote — promotional offers and payment method can change it. Check the provider before sending.
Frequently Asked Questions
What is the Euro to Nigerian Naira exchange rate?
EUR to NGN conversion rates have oscillated wildly between ₦1,500-2,200+ per euro, reflecting Nigeria's ongoing forex crisis and naira instability. Europe's 400,000+ Nigerian community—primarily in Italy, Germany, France, and Spain—represents a major European-African remittance flow. The CBN's multiple exchange rate tiers (official, I&E window, bureau de change, parallel market) create significant price discovery challenges. European Nigerian workers in services, healthcare, and education must track rates hourly during volatile periods. Mid-market rates refresh every 30 minutes through OpenExchangeRates integration.
How can Nigerians in Europe send money to Nigeria?
European Nigerians access multiple remittance channels: Remitly and WorldRemit (both popular in Italy/Spain for bank deposits), SendWave (minimal fees, direct transfers), Western Union/MoneyGram (broad agent coverage in Nigerian cities); European-based Nigeria specialists; or SEPA bank transfers. Rome, Milan, Berlin, Frankfurt, Paris, and Barcelona communities should verify total NGN received, since provider spreads can vary 3-5% given the naira's instability. Digital platforms offer instant rate transparency, crucial when parallel market premiums shift daily.
Why is the naira so weak against the euro?
The EUR-NGN ratio (₦1,700-2,200 per euro) exposes Nigeria's structural vulnerabilities: over-reliance on oil revenues, the CBN's multiple exchange rate tiers causing market distortions, and inflation consistently outpacing wage growth at 15-25%. The euro's role as a major reserve currency amplifies naira weakness. Europe's 400K+ Nigerian workers (concentrated in Italy, Spain, Germany services sectors) remitting €5B annually see their euros buy more naira. That helps family support, though it reflects Lagos's forex crisis and economic instability.
Do European banks offer good naira exchange rates?
No. European banks rarely handle NGN directly and charge €20-40 transfer fees plus 4-6% poor exchange spreads. German banks (Deutsche Bank, Commerzbank), Italian banks (Intesa Sanpaolo, UniCredit), French banks (BNP Paribas), and Spanish banks (BBVA, Santander) all offer terrible rates. Dedicated Nigeria remittance services are far superior: Remitly charges 2-4%, SendWave ~1-2%, WorldRemit 3-5%—all with much better rates and faster delivery to Nigerian accounts.
When should I send euros to Nigeria for best rate?
Berlin Nigerians sending €500 monthly maximize value when euro exceeds ₦2,000, gaining ₦1M versus ₦900K at ₦1,800. Nigerian diaspora in Europe (400,000+ in Italy, Germany, France) remits €5B annually to Lagos, Abuja, Port Harcourt families. Naira volatility (2023 crashed to ₦2,200) creates opportunities. Locking ₦2,000 rates versus ₦1,800 generates ₦100K monthly on €500 flows, important for Rome or Paris Nigerian workers financing family support, Lagos real estate, or business ventures during CBN policy turbulence and oil price fluctuations.
Popular NGN Currency Pairs
Related Guides
Exchange Rates Guide
Complete guide to exchange rates and currency conversion. Learn about mid-market rates, markups, and how to get better rates.
The 2026 US Remittance Tax
The new 1% US tax on money sent abroad, in plain English — when it started, who pays it, who is exempt, what it costs, and the one-step way to avoid it.
How Much Money Can You Send Abroad?
There is no legal cap on sending money out of the US — but some transfers get reported, and a few situations put a form in your hands. What really limits you, and what the $10,000 rule actually means.
Credit Card Processing Fees Explained
How card processing fees actually work — interchange, assessments, and processor markup — plus pricing models and ways to lower your effective rate.