The black market rate for Dollar to Naira conversion is NGN 1,654.75 for 1 USD, as at today January 23rd, 2025, 04:59 PM.
When you convert 1 US Dollars to Nigerian Naira, you get 1,654.75 NGN, using the rate of 0.000604 USD for 1 NGN. *This rate is obtained using the black market average across various unofficial channels outside the CBN.
You can use the currency converter above to check USD rates and it’s NGN equivalent. See also our USDT to Naira converter.
Last 7 days, the US Dollar was traded for 1,645.75 NGN, yesterday it went for 1,653.25 NGN, and today it averages 1,654.75 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 1 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 23rd January 2025 | $1 = 1,654.75 Naira |
| Wednesday, 22nd January 2025 | $1 = 1,653.25 Naira |
| Tuesday, 21st January 2025 | $1 = 1,651.75 Naira |
| Monday, 20th January 2025 | $1 = 1,650.25 Naira |
| Sunday, 19th January 2025 | $1 = 1,648.75 Naira |
| Saturday, 18th January 2025 | $1 = 1,647.25 Naira |
| Friday, 17th January 2025 | $1 = 1,645.75 Naira |
| US Dollars | Black Market Rate in Naira |
|---|---|
| 1 Dollars (USD) to Naira | 1,654.75 |
| 10 Dollars (USD) to Naira | 16,547.5 |
| 20 Dollars (USD) to Naira | 33,095 |
| 30 Dollars (USD) to Naira | 49,642.5 |
| 40 Dollars (USD) to Naira | 66,190 |
| 50 Dollars (USD) to Naira | 82,737.5 |
| 60 Dollars (USD) to Naira | 99,285 |
| 70 Dollars (USD) to Naira | 115,832.5 |
| 80 Dollars (USD) to Naira | 132,380 |
| 90 Dollars (USD) to Naira | 148,927.5 |
| 100 Dollars (USD) to Naira | 165,475 |
| 200 Dollars (USD) to Naira | 330,950 |
| 300 Dollars (USD) to Naira | 496,425 |
| 500 Dollars (USD) to Naira | 827,375 |
| 700 Dollars (USD) to Naira | 1,158,325 |
| 1,000 Dollars (USD) to Naira | 1,654,750 |
| 1,500 Dollars (USD) to Naira | 2,482,125 |
| 2,000 Dollars (USD) to Naira | 3,309,500 |
| 3,000 Dollars (USD) to Naira | 4,964,250 |
| 5,000 Dollars (USD) to Naira | 8,273,750 |
| 10,000 Dollars (USD) to Naira | 16,547,500 |
| Amount (Nigerian Naira) | USD Price |
|---|---|
| 1 NGN | 0.001 USD |
| 100 NGN | 0.06 USD |
| 1,000 NGN | 0.604 USD |
| 10,000 NGN | 6.043 USD |
| 15,000 NGN | 9.065 USD |
| 20,000 NGN | 12.086 USD |
| 50,000 NGN | 30.216 USD |
| 60,000 NGN | 36.259 USD |
| 70,000 NGN | 42.302 USD |
| 100,000 NGN | 60.432 USD |
| 150,000 NGN | 90.648 USD |
| 250,000 NGN | 151.08 USD |
| 300,000 NGN | 181.296 USD |
| 500,000 NGN | 302.16 USD |
| 700,000 NGN | 423.025 USD |
| 1,000,000 NGN | 604.321 USD |
| 2,000,000 NGN | 1,208.642 USD |
In Nigeria, the black market for USD (Black Market Dollars) refers to the unofficial exchange of U.S. dollars at rates significantly higher than the official rate set by the Central Bank of Nigeria. This unregulated parallel market reflects economic pressures such as inflation, foreign exchange shortages, and regulatory constraints.
The Nigerian Naira (NGN), represented by the symbol ₦, is Nigeria's official currency. It is issued by the Central Bank of Nigeria and is used for all domestic transactions, available in both coin and banknote forms.