The black market rate for Dollar to Naira conversion is NGN 1,646.42 for 1 USD, as at today December 24th, 2024, 03:29 AM.
When you convert 1 US Dollars to Nigerian Naira, you get 1,646.42 NGN, using the rate of 0.000607 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 1,637.42 NGN, yesterday it went for 1,644.92 NGN, and today it averages 1,646.42 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 |
|---|---|
| Tuesday, 24th December 2024 | $1 = 1,646.42 Naira |
| Monday, 23rd December 2024 | $1 = 1,644.92 Naira |
| Sunday, 22nd December 2024 | $1 = 1,643.42 Naira |
| Saturday, 21st December 2024 | $1 = 1,641.92 Naira |
| Friday, 20th December 2024 | $1 = 1,640.42 Naira |
| Thursday, 19th December 2024 | $1 = 1,638.92 Naira |
| Wednesday, 18th December 2024 | $1 = 1,637.42 Naira |
| US Dollars | Black Market Rate in Naira |
|---|---|
| 1 Dollars (USD) to Naira | 1,646.42 |
| 10 Dollars (USD) to Naira | 16,464.2 |
| 20 Dollars (USD) to Naira | 32,928.4 |
| 30 Dollars (USD) to Naira | 49,392.6 |
| 40 Dollars (USD) to Naira | 65,856.8 |
| 50 Dollars (USD) to Naira | 82,321 |
| 60 Dollars (USD) to Naira | 98,785.2 |
| 70 Dollars (USD) to Naira | 115,249.4 |
| 80 Dollars (USD) to Naira | 131,713.6 |
| 90 Dollars (USD) to Naira | 148,177.8 |
| 100 Dollars (USD) to Naira | 164,642 |
| 200 Dollars (USD) to Naira | 329,284 |
| 300 Dollars (USD) to Naira | 493,926 |
| 500 Dollars (USD) to Naira | 823,210 |
| 700 Dollars (USD) to Naira | 1,152,494 |
| 1,000 Dollars (USD) to Naira | 1,646,420 |
| 1,500 Dollars (USD) to Naira | 2,469,630 |
| 2,000 Dollars (USD) to Naira | 3,292,840 |
| 3,000 Dollars (USD) to Naira | 4,939,260 |
| 5,000 Dollars (USD) to Naira | 8,232,100 |
| 10,000 Dollars (USD) to Naira | 16,464,200 |
| Amount (Nigerian Naira) | USD Price |
|---|---|
| 1 NGN | 0.001 USD |
| 100 NGN | 0.061 USD |
| 1,000 NGN | 0.607 USD |
| 10,000 NGN | 6.074 USD |
| 15,000 NGN | 9.111 USD |
| 20,000 NGN | 12.148 USD |
| 50,000 NGN | 30.369 USD |
| 60,000 NGN | 36.443 USD |
| 70,000 NGN | 42.516 USD |
| 100,000 NGN | 60.738 USD |
| 150,000 NGN | 91.107 USD |
| 250,000 NGN | 151.845 USD |
| 300,000 NGN | 182.214 USD |
| 500,000 NGN | 303.689 USD |
| 700,000 NGN | 425.165 USD |
| 1,000,000 NGN | 607.378 USD |
| 2,000,000 NGN | 1,214.757 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.