EUR to NGN Exchange Rate
Real-time Euro to Nigerian Naira rates for import/export businesses.
Save 87% vs traditional banks.
Bank vs Unicorn Currencies
See exactly how much you save on a £100,000 transaction
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| Transaction Size | £100,000 | £100,000 |
| FX Spread | 4% | 0.5% |
| Payment Fee | £25-40 | £5 |
| Total Cost | £4,030 | £505 |
| YOUR SAVINGS | — | £3,525 (87%) |
| Settlement Speed | 2-3 days | T+0 (2.3s avg) |
Enterprise Transaction Examples
Savings vs traditional banks on typical enterprise transaction sizes
Volume-Based Pricing
| Annual FX Volume | Unicorn Spread | Annual Savings |
|---|---|---|
| £1M - £5M | 0.50% | £20,000+ |
| £5M - £10M | 0.45% | £102,500+ |
| £10M - £25M | 0.40% | £262,500+ |
| £25M+ | Custom | Contact us |
Minimum: £1M annual FX volume
Common Use Cases for EUR/NGN
What Businesses Use This Corridor
Pay Africa suppliers in Nigerian Naira. Oil & Gas, Agriculture sectors.
- Oil & Gas
- Agriculture
- Telecommunications
- Banking
Typical Monthly Volume: £50k-£500k
Local Payment Rails in NGN
Avoid SWIFT fees by using local payment systems:
- NIBSS NIP - Faster settlement, lower fees
- RTGS - Faster settlement, lower fees
Traditional banks use SWIFT (3-4% fees). We use local rails where possible for T+0 (2.3s avg) settlement.
Why Choose Unicorn for EUR/NGN
Real-Time FX Exposure Tracking
Upload supplier invoices in NGN. See live P/L as EUR/NGN rates move. Know exactly what waiting costs you.
15-Second Rate Locks
Lock the EUR/NGN rate for 15 seconds. Time to calculate margins, check inventory, and confirm with your team before committing.
87% Lower Costs
Save £3,525 on every £100,000 transaction. On £50k-£500k monthly: save £17,625-£176,250 annually.
Frequently Asked Questions
What is the current EUR to NGN exchange rate?
The current Euro to Nigerian Naira exchange rate is 1 EUR = 1677.1739 NGN. This rate is fetched from our treasury system in real-time when you load the page during market hours (Monday-Friday).
How much does it cost to convert EUR to NGN?
Unicorn Currencies charges a 0.5% FX spread plus a £5 payment fee. On a £100,000 transaction, you save £3,525 (87%) compared to traditional banks which charge 4% spread plus £25-40 fees.
How fast can I send money from EUR to NGN?
Payments settle in T+0 (2.3s avg). We use local payment rails (NIBSS NIP, RTGS) instead of SWIFT, which is why we're 10-50x faster than traditional banks.
Who uses EUR to NGN exchange services?
This currency corridor is popular with Oil & Gas, Agriculture, Telecommunications, Banking. Pay Africa suppliers in Nigerian Naira. Oil & Gas, Agriculture sectors.. Typical monthly volume ranges from £50k-£500k.
$1M+ in EUR/NGN Payments? Save 87%
Enterprise treasury platform for import/export businesses with $1M+ annual FX volume
Unicorn Currencies works exclusively with businesses doing $1M+ annual FX volume.