Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. Although when the currency was about to be launched, there were series of problems encountered. The point listed above are the some important facts about the Euro.
The Treaty of Maastricht of 1992 that saw the establishment of rules that govern the currency.
Plan to introduce a single currency in Europe started in 1960s: Though the currency was launched in early 90s, member states started putting adequate preparation on ground as early as 60s.
