The Nigerian naira appreciated against the major European currency on Friday, with the CBN’s latest data indicating it settled at N1557/€1, up from N1570/€1 in the past session.
The EUR/NGN exchange rate peaked near N1,774/€1 in January 2026 before dropping back to the multi-month low of around N1,555/€1
The EUR/NGN has remained pinned within a very confined setup since the beginning of July (around N1561/€1–N1576.7/€1).
Euro/Naira pair remains steady, with only small ups and downs as the Nigerian currency remains far from the previous support near N1684/€1 –N1683/€1 in the early trading weeks of Jan. The spreads from the parallel street exchanges narrow as much as from the days prior, and active central-bank-led measures to tame market disruptions.
