EURO TO NAIRA EXCHANGE RATE TODAY APRIL 2017
Euro to Naira exchange rate as at today at the parallel (black) market is
Euro to Naira (EUR to NGN)
Are you also wondering the way i do why the Naira keeps falling against the US Dollar, Euro, pounds and other currencies? if we share the same problem then keep reading as we are about to unveil from our research why the Naira keeps depreciating against the above listed FX above.
Why The Naira Keeps Falling Against The Euro
- NIGERIANS OBSESSION FOR FOREIGN GOODS AND SERVICES
I know must of the people reading this post falls on this category. Many of us prefer to patronize foreign goods compared to our very own locally made products. This problem alone is gradually killing the economy of the Country. An average Nigerian will prefer to wear imported clothes & shoes, buy cars, study Abroad, shop online via Amazon, Ebay, Walmart and the likes. some Nigerians go as far as buying houses and properties abroad, though am not against anybody investing his/her money the way he/she like but the fact is that we can still invest in our country and still get huge return of investment.
- LOOTING AND EMBEZZLEMENT OF PUBLIC FUNDS
Some of the leaders who are appointed to serve the country turns out to be the ones embezzling our funds. We often hear of cases where huge sum of money are recovered from looters. Money that are meant to be for project that we make a positive impact in the country.
- UNENDING DEMANDS FOR EURO AND OTHER FOREIGN CURRENCIES
This is another serious reason why the naira keeps falling against the euro and other currencies. In Nigeria everybody wants to be paid in Dollars, Euro or Pounds. Even in our home movies, you will find out that they usually use other foreign currency instead of our official currency(the Naira).